Your retirement just got easier, I am not kidding!
Earlier this week, the House passed the bill, which delays until 72, the age at which retirees must start withdrawing from 401ks and individual retirement accounts and removes the age limit at which taxpayers must stop contributing. Currently, taxpayers have to stop...
Another addiction – More $$$
The opioid crisis which was largely created by large pharma companies to begin with, has now wound itself from distributors like Rochester Drug Cooperative to small pharma companies like Purdue Pharma to finally hit the big guns - Johnson & Johnson, Teva Pharma...
Anyone know why the market is down?
Unlike in the US where, if there was a selloff in the stock markets, you would hear it ad nauseum from the CNBC, CNN, Bloomberg etc., where experts weigh in on the reasons causing the drop in the Dow, S&P 500 and the Nasdaq - in China, it is a different story....
Blackout or lights out?
Pacific Gas & Electric (PGE), beset with lawsuits stemming from the fires it created last year from downed power lines, has come up with an innovative strategy to prevent further lawsuits - cut power to households that it deems to be a risk when high winds...
What is Q1 corporate earnings trying to tell us for Q2 and beyond?
Q1 2019 corporate earnings season is largely behind us and here is what we have - Intel missed, Amazon beat - 3M got decimated, Visa exceeded - Tesla got gassed but Facebook keeps getting liked. But, instead of focusing on individual companies, looking at industry...
Mueller report and the Notre Dame Fire
here were only two things that occupied the news this week - and both were largely insignificant but important nonetheless. The Mueller report was already headed to the garbage can even before it was released and that’s where it ended up with all the red-acted pages....
Wow! Another airline gone under water and it is not Boeing Max 737
If you are wondering why are airline stocks such bad investments, you need to look no further than the mishaps and broken business models that each of the airlines have embraced. Few weeks ago, while chaos over Ethiopian Air crash was in the news, Wow Air - a budget...
Next Google or Blue Apron?
Ride-sharing company Lyft Inc. made its debut last week, and shares are already struggling to maintain their initial $72 IPO price. Uber Technologies is expected to go public later this month, Home-rental service Airbnb, messaging platform Slack Technologies, and...
Congress to raise the RMD on your IRA/401K – Should you be worried or happy?
Earlier this week, the House Ways & Means Committee introduced a bill to raise the RMD (required minimum distributions) age to 72 from 70½. The Ways and Means Committee is expected to vote on the new measure next week. Investors who reach age 70½ are faced with a...