Personal Finance

Mitchell Leff | Getty Images Graham Betchart has worked with Ben Simmons (pictured) of the Philadelphia 76ers as part of his work as a mental coach to top NBA players. NBA star Ben Simmons has some choice words for the NCAA. Born in Melbourne, Australia, Simmons came to the U.S. to play professional basketball but,
0 Comments
A controversial proposal in the Senate tax bill could put individual investors on the hook for a bigger tax bill when selling investments. The proposed change, which originally would have hit both individual investors and mutual funds, sparked a backlash from the fund industry. As a result, the Senate Finance Committee has eliminated mutual funds
0 Comments
Shoppers should keep that average discount in mind as they hit the stores and online this week, according to WalletHub analyst Jill Gonzalez. “If you see something that is marked down as less than 37 percent, you might not be getting a true Black Friday deal,” Gonzalez said. The top three areas where Black Friday
0 Comments
Read the fine print before buying network-branded gift cards such as those from Visa, Mastercard and Discover, WalletHub said. They come with purchase fees and can have inactivity fees if they’re not used often. And if you’ve waited until the last minute, consider purchasing an e-gift card. Horne said the beauty of gift cards is
0 Comments
When it comes to teaching your own children, the secret to success comes down to imparting two life lessons, according to Adrienne Penta, co-founder and executive director of the Center for Women & Wealth at Brown Brothers Harriman: delayed gratification and autonomy. Teaching kids to strengthen their willpower and giving them age-appropriate independence when it
0 Comments
The website of Generosity, a platform for “socially conscious fundraising” owned by Indiegogo, states that donors should contact campaign organizers to determine if donations are tax deductible. The website advertises campaigns that claim to benefit registered nonprofits alongside campaigns that make no such claims. Donations can even create unintended headaches for recipients. If a beneficiary
0 Comments
Getty Images Members of the Houston Texans kneel during the national anthem before the game against the Seattle Seahawks at CenturyLink Field on October 29, 2017 in Seattle, Washington. Professional sports leagues like the National Football League will not have tax-exempt status if the current version of the Senate tax bill goes through. Professional football
0 Comments
The agency has given jilted consumers a place to file their grievances, establishing a consumer complaint database. “The mission is popular and it’s given a real place for consumers to share complaints,” said Gilbert of Public Citizen. There are over 700,000 listed on the site. Consumers have received $11.8 billion in relief from CFPB supervisory
0 Comments
The provision would eliminate the specific identification method, meaning stock investors would now be required to sell their oldest shares first. This also would mean that mutual fund managers would also lose the ability to pick specifically which shares to sell. The change would take effect Jan. 1. “Requiring taxpayers to treat securities as sold
0 Comments
If you’re feeling generous, consider giving away your highly appreciated funds and taking a deduction for your charitable donation. Generally, you can take a charitable donation deduction of up to 50 percent of your adjusted gross income. Gifts of assets that you bought cheaply and now have outsized appreciation make for better tax efficiency compared
0 Comments
Investors who depend on income in retirement or for other needs have gravitated to dividend stocks amid continuing low interest rates. GE’s move highlights how overexposure to dividend stocks can cause real problems, according to Ghodsi. What happened to bank stocks during the financial crisis is one example, he said, when companies that once paid
0 Comments