What is the difference between a special needs trust and a third-party special needs trust? Authorized by federal law, a special needs trust is an irrevocable trust designed specifically to hold assets for a beneficiary so that the funds do not disqualify the recipient from needs-based government benefits. Several types of special needs trusts are
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American small businesses will also feel the pain, Okun explained. Many U.S. small and medium-sized enterprises depend on the exports of goods and services to Asia. They will likely become less competitive as a result of exclusion from the new TPP, which seeks to facilitate easier access to regional supply chains for SMEs. The picture
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Charles Mostoller | Bloomberg | Getty Images Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia. A Federal Reserve official said on Monday he expects to back an interest rate hike next month despite caution over the low-inflation “conundrum,” since the U.S. central bank needs to prepare for any future
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Bone mineralization is one of those lack-of-gravity problems. For each month in space, Logan says the human body loses 1 percent of its bone mass. And, once back on Earth, the bones don’t grow back. “I’m not trying to throw cold water on the idea of going to Mars. I want to make sure we
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One of Europe’s smallest countries now holds claim to being a giant in the space industry. Luxembourg, with a population less than the state of Vermont, now generates nearly 2 percent of its annual gross domestic product from the space industry, according to Deputy Prime Minister Etienne Schneider. The country’s economy checked in just shy
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Employers increasingly are shifting more health-care costs to employees, so keeping the same plan could have a different result. The annual premium employees are on the hook for has risen 75 percent over the past 10 years, according to the Kaiser Family Foundation. More workers also must now cover a deductible. For starters, check out
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Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights. RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $345 million investment in a fund rolled out Monday by Kobalt Capital, the subsidiary of
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Shares of Cambridge, Mass.-based biopharmaceutical company Sage Therapeutics are popping after the company announced positive results in trials for a drug that may someday be available to treat those with postpartum depression. The company is up more than 40 percent to $96.75 this week following two Phase 3 trials evaluating brexanolone. The drug, formerly known
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Bitcoin has defied gravity this year, and it’s taken one retail stock along with it. Shares of Overstock.com are on pace for their best year since 2004, largely due to the growing interest in cryptocurrencies, but some market participants are wary of the stock continuing its run. In January 2014, Overstock became the first U.S.
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President Donald Trump has done a “fantastic job” of garnering trust on Wall Street through his business-friendly policies, billionaire Vincent Viola told CNBC on Friday. “Markets are driven by their perception of stability,” said Viola, founder of Virtu Financial, a high-speed trading giant, and Trump’s onetime nominee for secretary of the Army. “The perception of
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The analyst found a misalignment in the Model 3’s glass roof, body panel gaps, rubber trim issues around windows and misaligned seams in the interior ceiling of the car, according to his note. “Our inspection revealed widespread shortcomings in fit and finish … Tesla representatives acknowledged some of the fit issues, but stated that they
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Gold futures dropped suddenly earlier on Friday to trade almost 1 percent lower. Trading volume also picked up during the selling activity. Gold futures for December delivery were down 0.9 percent at $1,275.60 per ounce as of 2:22 p.m. in New York after stabilizing following the sudden decline. It was not immediately clear what caused
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Disney shares are rising Friday as analysts are bullish on its upcoming internet video streaming services, despite the company’s earnings miss. The media giant reported weaker-than-expected fiscal fourth-quarter earnings Thursday. It generated earnings per share of $1.07 versus the $1.12 Thomson Reuters consensus estimate. But analysts got excited after the company said it would price
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Tempur Sealy. Tim Seymour was a buyer of iShares MSCI Brazil Capped ETF. Steve Grasso was a buyer of Overstock.com. Guy Adami was a buyer of Cypress Semiconductor. Trader disclosure: On November 9, 2017, the following stocks
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