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Preparing for retirement involves more than just financial planning, it’s about envisioning a fulfilling next chapter. Here’s a comprehensive checklist to guide individuals through this important life transition: 1. Define Post-Retirement Purpose Retirement isn’t merely about leaving the workforce; it’s about moving toward meaningful activities. Whether it’s volunteering, pursuing hobbies,…
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Students get lots of advice on what majors are the smart ones to enter if you’d like high-paying work after college. The answers typically revolve around STEM, or science, technology, engineering, and mathematics. The chances of moving into the top economic quarter — or even higher — are good. However, sometimes things don’t work out as promised. Companies often over-hire in active years, assuming they can make more money. When things turn in the other direction, they cut jobs to preserve profits and, more often, keep markets happy, which results in buttressing share prices. The Good And Bad Degrees The…
The Senate takes a more balanced approach to SALT and PTET rules—avoiding punitive carveouts and restoring deductions for traders and service professionals. Senate Republicans released a draft tax reform bill on June 16 that sharply diverges from the House’s approach to the state and local tax (SALT) deduction and the pass-through entity tax (PTET). Unlike the House version, which aggressively targets specified service trades or businesses (SSTBs), the Senate draft restores PTET deductions for all pass-throughs—offering welcome relief to traders, CPAs, and other professionals. Senate Holds the Line on $10,000 SALT Cap The 2017 Tax Cuts and Jobs Act (TCJA),…
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