Dear Quentin, My husband received a text from his ex-wife demanding part of the latest stimulus check for their two children. My husband received their stimulus checks for their boys because in their divorce settlement he was granted the ability to claim both boys as dependents on his taxes for …
Read More »Personal Finance Daily: What to do if your income is just over the threshold for the $1,400 stimulus check and how the ‘nationalization of leases’ could hurt renters amid the pandemic
Happy Tuesday MarketWatchers. Don’t miss these top stories: How these teens are having fun in today’s stock market, and, for the most part, making money They have been trading longer than many adults, and are learning valuable lessons about investing early. MarketWatch speaks to four teenagers who are taking on …
Read More »TaxWatch: Did you refinance your mortgage last year? Here’s how it could affect your taxes
As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of how opting to refinance could affect their taxes insofar as deductions are concerned. The Mortgage Bankers Association …
Read More »The Fed: Fed’s George says inflation could ‘firm up quickly’ after vaccinations
Inflation could quickly rise once more Americans are vaccinated and the U.S. central bank should monitor price signals closely, Kansas City Fed President Esther George said Thursday. “It is worth recognizing that overall inflation could firm up quickly post-vaccination as demand for hard-hit sectors recovers,” George said, in a speech …
Read More »Robert Powell: Running out of money is the No. 1 retirement fear — annuities could help
Annuities are neither good nor bad. But you wouldn’t know that given how most people, including financial planners, react when the product is discussed as a potential part of a retirement plan. Such products, critics say, are nothing but a way for salespersons, some of whom have engaged in unethical …
Read More »: This technology could transform renewable energy. BP and Chevron just invested
BP and Chevron have made a landmark expansion into geothermal energy on Tuesday, betting on a new technology that could prove to be the world’s first scalable clean energy derived from a constant source: the natural heat of the earth, The two major oil companies have headlined a $ 40 …
Read More »The Moneyist: Our housekeeper does not work when we’re at home due to COVID-19. We still pay her. Could we treat those payments as a ‘gift’ to reduce her income tax?
Dear Moneyist, Due to the 2020 global pandemic my wife and I have been concerned about indoor exposure to others. We are fortunate enough that we can work from home so we are always here, and no one else is allowed in our home. Because of this, we have tried …
Read More »If Trees Could Speak, These 10 Would Tell More Than a History Book
Connecting the earth and the sky, the trees are not only essential to human survival and thriving, but are ever-fascinating through their mysterious resilience, longevity, and often size. Trees are unable to change their place and to defend themselves like a walking creature would; yet, a tree can live up …
Read More »The Fed: U.S. economic growth could surpass China this year, and Democrats may be better off spending stimulus money on something else, Fed’s Bullard says
Could Democrats be fighting the last war and wasting money on another $ 1.9 trillion economic relief package? Perhaps, if St. Louis Federal Reserve president James Bullard is right. The Fed official thinks the economy is already set for a strong recovery in 2021. It’s possible U.S. economic growth could …
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