Way back in 1932, in the novel Brave New World, we began to wrestle with the future where a designer baby was possible. Then, with the first in-vitro fertilization success in 1978, genetically designed children became an assured eventuality. The first experiments in genetically engineered humans appear to be already underway in China. Within a […]
Every year, the federal and state governments release a revised set of tax laws and accountants rush to update their clients on the impact to their finances. Tax breaks for 2019 are no different. Regardless of whether you file your taxes on your own or depend on a tax specialist, now is a good time […]
The U.S. Department of Commerce reported this morning that the United States’ economy grew at a 4.1% annualized quarterly pace for the three months ended June 30 of this year, representing the fastest quarterly increase in the country’s gross domestic product (GDP) since the third quarter of 2014. In comparison to the same period a […]
Medicare could run out of money in eight years unless Congress acts to either increase funding or radically restructure the program. According to Medicare report from program trustees, the program’s trust fund covering inpatient care will be unable to pay full benefits starting in 2026. The report was written by economists and nonpolitical actuaries mostly, […]
Draymond Green of the Golden State Warriors is an NBA star. He has been called the Warriors’ “floor general” for his passionate and vocal playing style. However, Green has bigger ambitions than just winning a third NBA title this year: Green wants to become a billionaire by the age of 40. “I want to be a billionaire,” […]
Zero percent auto loans are rapidly becoming a thing of the past. Auto dealerships and automakers used such sweetheart loans to entice consumers to look around the showroom. Now, however, car dealers are abandoning these incentives, in response due to steadily rising interest rates. Online vehicle information analyst Edmunds estimates that only 7.4% of all […]
In early May 2018, the Trump administration sent a letter to congressional leaders to propose over $143.5 billion in federal budget cuts. The staggering budget cut proposal amount would target the retirement funds of federal employees and follows a historic tax cut expected to balloon the deficit for years into the future. Not counting military […]
Medical professionals and health insurance advocates are criticizing the Trump administration’s recent short-term healthcare strategy. The proposal of cheaper, shorter term coverage plans may increase the number of Americans who are uninsured or under-insured, they charge. Critics are concerned that any proposal that cuts or limits coverage will prove detrimental to millions, many of them […]
David Hogg, one of the students who survived the mass school shooting in Parkland, Florida is calling on investors to boycott BlackRock Inc. and The Vanguard Group These are two of the largest investment-management companies in the country, overseeing the retirement funds of millions of Americans. Most have never given a second thought to what they […]
New York state ratifies a retirement plan initiative that will create retirement pension plans for workers who need them. The New York Secure Choice Savings Program will start sometime in 2019. It is a retirement savings plan for employees who work for companies that don’t offer them a 401(k) package. About one-third of working Americans don’t […]
