Tag: money

The nation is bracing for recession. The Federal Reserve continues to steadily raise its federal funds rate in an attempt to kill inflation, and many experts fear an economic downturn will be an unfortunate side effect of that campaign.

CEOs of major companies are especially worried that the economy will contract soon. A staggering 86% of chief executives polled in October forecast a recession in 2023. And they are wasting no time getting ready for hard times.

At least seven big companies recently have announced layoffs of 1,000 employees or more. Some of these companies are trying to restructure, while others appear to be getting lean and mean before a downturn potentially arrives.

Following is a roll call of the firms slimming their workforces.

Amazon

Amazon recently notified staff that the company plans to lay off around 10,000 employees. The

Millions of Americans are job hunting during their 50s, 60s and beyond. Some of these seniors are looking for a job because they love to work. Others are sending out resumes for reasons ranging from pink slips to financial need.

Seniors can be attractive job candidates. Many potential employers value older workers for their experience and work ethic, and for the stability they bring to the workplace. But if you hope to land a job after 50, you must avoid some key mistakes.

Here are some crucial errors that can derail the job search of anyone who has passed the half-century mark.

1. Forgetting to edit your resume

Today’s businesses get an avalanche of resumes every time they post a job opening. Computer programs may first scan these and weed out the ones deemed lost causes. The survivors then go to a hiring

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What if you could live in your home while someone else pays the mortgage? That’s the idea behind house hacking.

House hacking refers to living in a home or multi-unit property while renting out part of it. Dedicated house hackers say it’s a great way to lay the foundation for a real estate empire—one that can catapult you to financial freedom. But will it work for you?

That’s what we’re exploring in this week’s podcast.

As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week’s guest is Robert Leonard, the author of “The Everything Guide to House Hacking.”

Remember, even though we sometimes talk about specific investments in our podcasts, don’t take them as recommendations. Before investing in

The income thresholds that trigger some important taxes are changing in 2023, the IRS has announced.

The agency is making the changes to account for inflation. The moves will mostly impact wealthy taxpayers, although some folks in the middle class also likely will benefit.

Following are definitions of the three key taxes that are impacted and explanations of what will be new in 2023.

What is the gift tax?

When you give a certain amount of money or other property to someone, it is considered a gift — whether or not you intended it that way. Such gifts are subject to a tax. Here is how the IRS defines the gift tax:

“The gift tax applies to the transfer by gift of any type of property. You make a gift if you give property (including money), or the use of or

How poor do you have to be before you’re in poverty?

The answer is important because many social welfare programs determine eligibility by some measure of poverty — often based on the federal poverty guidelines. These include the Medicaid health insurance program and the Supplemental Nutrition Assistance Program (SNAP), which was previously known as food stamps.

The federal poverty guidelines — which are sometimes loosely referred to as the “federal poverty level” — are set by the federal government as a baseline and take into account the size of your family and where you live.

Following is a look at how these poverty guidelines are determined, what they are used for, and how much they are in the 50 states, the District of Columbia and U.S. territories.

What the federal poverty guidelines are used for

Many federal, state and local government programs use

The Social Security system of retirement benefits, begun in 1935, are a crucial underpinning of life for American retirees. For most people over 65, it’s undoubtedly hard to imagine life without this retirement benefit.

About half of Americans 65 or older live in households that depend on Social Security benefits for half or more of their income, says the Social Security Administration. In a quarter of such homes, Social Security checks comprise nearly their entire income.

Since its inception, Social Security has hit periodic financial crises, and Congress has always resolved them with adjustments. Today, Social Security approaches another financial cliff for these and other reasons:

• The retirement of the huge baby boomer generation
• Longer lifespans
• Lower birth rates
• Growing income inequality

Here’s a quick look at the problem and whether Social Security will be allowed to go broke this time.

How Social Security is

As the nation remains uncertain about which party will control Congress, those who work in three locales across the nation can be sure of a raise, thanks to Tuesday’s election results.

In those three places, voters decided to hike the minimum wage. Following are the two states and one district where you may soon earn more money at your job.

Nebraska

Nebraska voters passed a measure, known as Initiative 433, to raise the state minimum wage by $1.50 each year from 2023 through 2026. At that point, the minimum wage will top out at $15.

After that, the wage will be adjusted for inflation.

Nevada

Nevada voters appear to have approved a hike of the state minimum wage to $12 an hour, effective in July 2024. That is an increase of as much as $1.50.

The Washington

Choosing the right trading platform is like finding the right life partner. The perfect decision will bring you a prosperous future.

Whether a novice trader or a seasoned veteran, you want to trade using an easy-to-navigate platform.

The platform must have all the trading tools necessary to help you make informed trading decisions.

Trading platforms come in all shapes and sizes. Some are downloadable platforms you need to install on your laptop.

While others are browser-based platforms on which you can trade and research financial statistics anywhere you can access the internet.

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Some platforms are very sophisticated and cumbersome, while others are straightforward to navigate.

When choosing the right trading platform,

In recent years, people started doing new-age business called direct selling. Here’s what I have found the best direct selling companies to join today.

Work on your own time. Sell what you want how you want. Share some of your favorites with your favorite people.

Let me a few direct selling companies suitable for you to make money from home.

The motivations for direct selling are largely the same. But what’s most exciting about the industry is choosing the company you want to sell for.

With so many great options, it’s up to you where you’ll invest your time, money, and passion in exchange for modest supplemental income.

Some of the biggest and best direct selling companies have proven themselves with their longevity, ethics, and success.

They’re listed below by category. Customers and distributors are consistently happy with their return on investment—and you probably will be too.

Top 4 Best

Did you know about the formula – 80/20 rule for blogging success? The most effective and efficient blogging blueprint.

In this article, we will discuss the 80/20 rule for blogging success. As you all know, blogging is the most rewarding business available for all people.

Many people are entering into this online business with a view of earning a passive income. And to all people who have just started blogging, I want to tell you one thing— blogging is successful only if you put in the real effort.

No matter what you do. If you wish to grow your blog— you need to have a strategy in place and implement the 80-20 rule to make a significant difference.

It is also known as the Pareto principle (or) the Pareto law (or) the principle of imbalance.

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