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Tax Reform Will Make It Morning in America Again

“The act was the second major law he signed to reform the tax code for the American people” writes Donald Trump for usatoday.com. That is why we are taking action to dramatically reduce the burden that the sprawling federal tax code has become on our citizens.Our plan encourages companies to bring this money home, where it can be invested in American companies, American jobs and American workers.Our tax code and laws have nearly tripled in length since the 1986 reforms. Source: usatoday.com Share This:

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The Finger-Pointing at the Finance Firm TIAA

“The former TIAA employees spoke on condition of anonymity for fear of retribution” writes Gretchen Morgenson for nytimes.com. The plan offered only high-cost TIAA investment products, the lawsuit said.Deckbar, now head of institutional investment and endowment products and services at TIAA, declined to comment through the TIAA spokesman.Eager to stanch the outflows, TIAA set up a registered investment advisory firm in 2004 that began offering private asset management services.The company’s website ends in a .org rather than a .com and TIAA repeatedly refers to its “nonprofit heritage.” Most of TIAA…

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Trump pledges at least $430,000 of his own money to help cover aides’ legal costs related to Russia probes

“The White House official said many issues remain to be resolved, including how the money will be accessed and who can request it” reports washingtonpost.com. The White House’s and campaign aides’ legal costs are expected to balloon well beyond what Trump is putting forward.President Trump plans to spend at least $430,000 of his personal funds to help cover the mounting legal costs incurred by White House staff and campaign aides related to the ongoing investigations of Russian meddling in last year’s election, a White House official said.The party is also covering…

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McDonald’s and other restaurants are trying to appeal to millennial employees by offering daily paychecks

“The average amount that employees who use Instant Financial get at the end of a shift is $27” writes Chris Weller for businessinsider.com. The expansion is meant to serve Instant Financial’s larger mission of giving people maximum freedom to use their money how they see fit.It doesn’t serve the employee,” Barha said. Source: businessinsider.com Share This:

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Over age 50? Here are 6 retirement guidelines you need to know about

“If you’ve hit one of the major milestones on the way to retirement, age 50, it’s time to hunker down and take a good look at savings habits” reports foxbusiness.com. But you’re going to need growth in your portfolio.” Savings and investments alone may not be enough to adequately fund your retirement.A couple in their mid-60s will need $275,000 to cover health care costs in retirement, according to a 2017 Fidelity Investments estimate.Meanwhile, other retirement funds, such as a 401(k), IRA and Roth IRA, generally make you wait until age…

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Will these new retirement funds catch on?

“Target-date retirement funds, which are designed to automatically shift to more-conservative investments as an investor grows older, have become a popular way for working Americans to save for retirement” writes Michael A for marketwatch.com. So far, the industry hasn’t managed to attract much interest for “managed payout funds,” which make steady cash payments to fundholders while continuing to invest the remaining assets.When comparing the two, Fidelity says, investors should keep in mind that target-date funds are based on the expected year of retirement, while the RMD funds’ approach is based…

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A neuroscientist explains how to fix your bad habits and save more money

“Once he sets aside the money he’ll need for fixed costs, such as bills and loans, he allocates the remainder as a per-diem” writes Chris Weller for aol.com. Budgeting apps and spreadsheets may help people get their finances in order, but neuroscientist Moran Cerf says there is a simpler way to save more money: Live life on one financial timeline.Since money is so often a point of frustration for people, Cerf realized people needed a way to make fewer money-related decisions, too.Setting a standard timeline for spending money falls under…

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Opportunity cost can help you figure out what’s worth your time and money — in life and in business

“When you’re starting out in business, for example, the opportunity cost for an hour of your time might be $200 an hour” writes Jim Schleckser for businessinsider.com. It all comes down to calculating what the value of your time is — and specifically the opportunity cost that comes from investing it in one area over another.Now let’s be clear that opportunity cost isn’t what you could charge someone for your time, it’s the value you could create by doing what you are great at. So think about how you invest…

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GE shareholder: Cut the burdensome dividend now while you have the ‘political capital’

“De Gan was commenting on recent market speculation that GE may reduce its dividend and use the cash to help turn the company around” writes Matthew J for cnbc.com. And the stock would be dead money for while. [But] this is when he should do it, if he’s going to do it.”. The new chairman and CEO of General Electric is never going to have more “political capital” to cut the dividend than now, longtime GE shareholder Jack De Gan told CNBC on Friday after a huge earnings miss slammed…

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