Month: October 2019

Getty What happens to an Individual Retirement Account when the IRA owner dies? It can be a quick online process: The custodian bank or wirehouse transfers the IRA assets into an inherited IRA that the beneficiary can hold onto for life—or cash out. So why in Donna Aliberti’s case did it take two and a
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Most multinationals expect that public country-by-country reporting will become a reality within the next few years — even if politicians can’t yet agree on the proposals. Getty In surveys conducted in 2018 and 2019, Deloitte (which has been tracking business reactions to base erosion and profit-shifting initiatives) found that over 75 percent of multinational respondents see public CbC
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Lump-Sum Options present questions that deserve careful consideration. Getty Recent changes by the IRS have perked up interest in companies offering lump-sums to recipients of monthly defined benefit pensions. Most recently, General Electric (GE) announced was freezing its defined benefit plan and would be offering lump-sum options to 100,000 retirees. Lumps-sums are not new: AT&T,
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PHILADELPHIA – FEBRUARY 23: Newspapers await purchase as pedestrians pass by honor boxes at the … [+] Philadelphia Inquirer Building February 23, 2009 in Philadelphia, Pennsylvania. Philadelphia Newspapers LLC, owner of The Philadelphia Inquirer, Philadelphia Daily News, and Philly.com, filed for bankruptcy protection Sunday in an attempt to restructure the company’s debt, estimated at $390
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Victorian houses at Alamo Square Getty LendingTree recently released a fun report looking at “how many median-priced homes a person could buy in each of the nation’s 50 largest cities for the cost of a single median-priced home in San Francisco.” The research looked at the country’s top 50 largest cities to gain a perspective
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Former Massachusetts Governor and Republican presidential candidate Mitt Romney is interviewed at the Silicon Slopes Tech Conference on January 19, 2018 in Salt Lake City, Utah. George Frey | Getty Images Sen. Mitt Romney, R-Utah, is taking the lead on a new proposal aimed at fixing funding shortfalls for Social Security, Medicare and the nation’s
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MACON, Ga. — At 5:01 a.m. on Thursday October 24, Dr. Wayne Johnson, who was hired by the Trump administration to oversee the country’s $1.6 trillion in student loan debt and its 44 million borrowers, submitted his resignation letter to Education Secretary Betsy DeVos. Around an hour later, Johnson made an announcement that hurled him
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A regenerative medicine company in Vancouver, British Columbia that focuses on treatments for nerve damage and neurodegenerative diseases announced it will begin Phase 1 studies in early 2020 on a new treatment for Alzheimer’s disease. NervGen Pharma wants to advance its proprietary therapeutic technology platform, currently in development for spinal cord injury and multiple sclerosis
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