• Analyst: Housing Market Will Stay Strong in 2021
    on November 27, 2020 at 4:03 pm

    We spoke with Realtor.com's chief economist Danielle Hale about where the housing is headed in the new year. Here's an excerpt from our interview: In 2020, tight inventories drove up the price of homes. Will that continue in 2021? Yes. There have been more buyers than homes for sale for the past […]

  • How to Turn Your Retirement Savings into Retirement Income
    on November 27, 2020 at 10:45 am

    I have been working a long time on retirement planning that creates more and safer income for retirees. So long, in fact, that I sometimes forget the subject is new to most investors. They get much of their financial information from their advisers — who often simply treat these investors as […]

  • Turned off by Low CD Rates? Consider a Fixed Annuity
    on November 27, 2020 at 10:35 am

    Rates on bank certificates of deposit are dismal. The best you can do as of early November 2020 is a mere 0.65% for a one-year CD, 0.85% for a three-year CD, and 1.00% for a five-year certificate, according to Bankrate.com. While you’re certain to get your money back, because CDs are insured by […]

  • 3 Steps You Can Take Now to Gain Control of Your Retirement
    on November 26, 2020 at 10:35 am

    Given the year we’ve experienced, most people are feeling justifiably anxious about protecting their retirement investments. SEE MORE Oops! A Surprising Factor Retirees Forget to Plan for Some nervousness is normal at any time, of course, since we can never predict what the markets or the […]

  • Stephanie Link: Expect Above-Average Gains in 2021
    on November 25, 2020 at 10:54 pm

    Kiplinger’s: What do you see ahead for 2021? Link: To talk about 2021, you have to put it in the context of 2020. We have to deal with the increase of COVID cases versus progress with vaccines and with testing. The time line is uncertain for the next round of fiscal stimulus, but the fact that we […]

  • Stock Market Today: Jobs Data Weighs on Stocks, But Nasdaq Hits New High
    on November 25, 2020 at 9:41 pm

    After vaccine euphoria drove several major indices to all-time highs earlier this week, COVID realities led to a more mixed session heading into the Thanksgiving holiday. The Labor Department released weekly unemployment data a day early, reporting a second consecutive week of rising filings, to […]

  • TurboTax maker Intuit wins U.S. antitrust nod for Credit Karma
    on November 25, 2020 at 6:05 pm

    Intuit Inc., the software company behind TurboTax, won U.S. antitrust approval for its $7.1 billion takeover of personal finance website Credit Karma Inc.

  • The 10 Best Books for Beginning Investors
    on November 25, 2020 at 5:09 pm

    The biggest barrier between people who want to invest, and actually investing, isn't money. With funds and apps that let you get started for as little as $1, you can start investing with your pocket change. No, the biggest barrier for today's beginning investors is simply knowing how to get […]

  • The next stimulus should aim for a broad-based, inclusive recovery
    on November 25, 2020 at 4:44 pm

    Economic experts believe the current surge is not enough to stop continued losses incurred by various segments of economy.

  • Scaling New Heights heads to Texas for 2021
    on November 25, 2020 at 4:38 pm

    The mammoth accounting technology conference will be held in Fort Worth on June 20-23.

  • Bad News for Super Savers
    on November 25, 2020 at 4:00 pm

    Every year, the IRS adjusts the maximum amount taxpayers can contribute to tax-advantaged retirement savings plans to reflect increases in the cost of living. Unfortunately, inflation was so low in 2020 that the maximum you can contribute to tax-advantaged retirement savings accounts is unchanged […]

  • How to Safely Socialize (and Work) at Home During the Pandemic
    on November 25, 2020 at 4:00 pm

    Being with family and friends during COVID was easier last spring and summer, when you were able to feel reasonably safe gathering outdoors at sidewalk cafés and restaurants, picnic areas, and porches and patios. Now, with the pandemic still raging and winter weather arriving, options for […]

  • People & firms on the move: RubinBrown adds tax partner
    on November 25, 2020 at 3:48 pm

    Thomson Reuters announces Synergy conference award winners; CohnReznick publishes Opportunity Zone guide; and more CPA news.

  • Pathways to Growth: Expanding in the time of COVID
    on November 25, 2020 at 3:36 pm

    Firms need to adapt their business development efforts to the reality of the pandemic.

  • IIRC and SASB plan merger for next year
    on November 25, 2020 at 3:35 pm

    The combined organization will be called the Value Reporting Foundation.

  • Mnuchin plans to put $455B beyond Yellen’s easy reach
    on November 25, 2020 at 2:50 pm

    The Treasury secretary will put the unspent CARES Act funding into an account that his presumed successor will soon need authorization from Congress to use.

  • Case studies: CAS in 2020
    on November 25, 2020 at 2:00 pm

    Three firms share their experiences offering client accounting services.

  • Are You Liable When a Customer’s Hummer Gets Stolen from Your Parking Lot?
    on November 25, 2020 at 12:34 pm

    My paralegal, Anne, buzzed me: “You have a woman on the phone who is crying. Her car was stolen from the parking lot of a motel, and she can’t get anyone to help her.” I took the call immediately. “Emma” explained that she and her husband were fleeing Northern California fires, spent a […]

  • Is the Stock Market Open on Thanksgiving and Black Friday 2020?
    on November 25, 2020 at 11:00 am

    Investors will get some time off from the stock market on both Thanksgiving Day and Black Friday, but don't call it a perfect four-day weekend. It's closer to a three-and-a-half. SEE MORE The Best Vanguard Funds for 401(k) Retirement Savers In 2020, the stock market is closed all day on Thursday, […]

  • Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’?
    on November 25, 2020 at 10:25 am

    Let’s talk about debt baby.  Let’s talk about you and me.  Let’s talk about all the good things and the bad things that may be.  Let’s talk about debt.   Do I have you humming the tune to a popular Salt-N-Pepa song circa 1990?   SEE MORE Debt After Death: What You Should Know I have […]

  • In the blogs: Blunt truths
    on November 25, 2020 at 4:38 am

    Changes for the year; partnerships’ reporting; building your brand; and other highlights from our favorite tax bloggers.

  • IRS issues final regs on 1031 exchanges
    on November 24, 2020 at 11:26 pm

    The rules address the definition of real property, and how to handle personal property included in an exchange.

  • Stock Market Today: Dow Lunges Over 30,000 as Recovery Rally Continues
    on November 24, 2020 at 9:38 pm

    The Dow Jones Industrial Average crossed the 30,000 threshold for the first time Tuesday as investors seemed to cheer what they hope will be a less politically tumultuous next couple months. The General Services Administration on Monday evening acknowledged Joe Biden’s presidential election […]

  • BCSVX: A Foreign Fund With Flair
    on November 24, 2020 at 6:09 pm

    Though U.S. investors have had little reason to look abroad for opportunities lately, it’s prudent to keep some of your portfolio in foreign stocks. And if that prudence led you to invest in Brown Capital Management International Small Company (BCSVX), you are no doubt happy that you did. The […]

  • 6 Top Robinhood Stocks for Late 2020: Do the Pros Agree?
    on November 24, 2020 at 5:47 pm

    The zero-commission trading app Robinhood, which has become popular with millennials, has emerged as a pandemic success story in 2020. And thanks to the well-documented success of young traders on the platform this year, many investors have taken in to monitoring the top Robinhood stocks at any […]

  • Stock Market Today: Markets Climb on Election Cycle’s Penultimate Day
    on November 2, 2020 at 9:47 pm

    The stock market put up some gains on Election Eve, but it was a broadly uneven affair that refused to give anxious election-watchers much of an idea what to expect tomorrow. Several of 2020's bigger large-cap winners, such as Amazon.com (AMZN, -1.0%) and Facebook (FB, -0.7%), continued to shed […]

  • Kiplinger’s Economic Outlooks
    on June 17, 2020 at 3:20 pm

    Gross Domestic Product Gross domestic product is the broadest indicator of the economy, measuring the value of final goods and services produced in the U.S. in a given time period. It is perhaps the most closely watched indicator as well, serving as a guidepost for Federal Reserve interest rate […]

  • Kiplinger’s Economic Outlooks
    on June 17, 2020 at 3:20 pm

    Gross Domestic Product Gross domestic product is the broadest indicator of the economy, measuring the value of final goods and services produced in the U.S. in a given time period. It is perhaps the most closely watched indicator as well, serving as a guidepost for Federal Reserve interest rate […]

  • Big 3rd Quarter, Modest Growth Coming in 1st Quarter of 2021
    on January 5, 2018 at 12:00 am

    GDP growth in the upcoming first quarter of 2021 is likely to slow significantly. Any fiscal stimulus deal in Congress will not be in time to impact the first quarter much, and the beneficial effects of vaccines on the economy are likely to be felt mostly in the second half of the year.  GDP grew […]

  • Business Spending Booming
    on December 22, 2017 at 12:00 am

    Capital spending is still on a roll, rising 2.3% in October. Spending is now 4.9% above its prepandemic level, and new orders are 5.4% higher. Computer and communications equipment spending is hot, evidence that many companies continue to equip their workforces for remote work. Machinery spending […]