Month: May 2022

Iryna Imago | Istock | Getty Images Many adult children are “boomeranging” and moving back in with their parents amid high rents and home prices, a new survey from financial services company Thrivent finds. About 40% of parents reported they currently have an adult child living with them. Meanwhile, 25% of parents said an adult
0 Comments
Rising mortgage rates mean fewer would-be buyers can afford first homes. That takes them out of the land of the American Dream, and places them squarely, and possibly interminably, back in renting country. These folks, who otherwise would have left the renting population, are instead adding to the cohort. Their increased demand is helping propel
0 Comments
Topline The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict. Key Facts Retail and consumer stocks rebounded thanks to reports that Kohl’s
0 Comments
The IRS announced today that it has provided a much requested update to their “Where’s My Refund?” tool. The update now allows taxpayers to check the status of the current tax year’s refund and the two previous years. Before the update taxpayers could only check the status of their current year refund and once the
0 Comments
The U.S. Department of the Treasury building Julia Schmalz | Bloomberg | Getty Images Some investors may be grappling with the sting of higher-than-expected capital gains for 2021 and losses in 2022. But experts say tax-planning opportunities may soften the blow. Individuals paid significantly more taxes this season, and the surge in capital gains in
0 Comments
Brilliant aquamarine waters and bleached sand beaches ring the more than 40 tropical islands that make up Turks and Caicos, an archipelago southeast of the Bahamas. Providenciales, considered the gateway to the British Overseas Territory, boasts expansive beaches, luxury resorts, shopping and more than 60 restaurants and cafes. Scuba-diving, kayaking and paddle boarding are among
0 Comments
The editors of Bloomberg recently published a series of editorials on America’s impending “retirement crisis,” which they assert could “under reasonable assumptions … overwhelm state budgets across the country” as impoverished seniors increasingly rely on government handouts to survive. Scary stuff, if true. In fact, the assumptions driving these frigthening claims are anything but reasonable.
0 Comments