Month: August 2022

The Tax Compliance Costs of IRS Regulations

Taxes
In a pattern that has become all too common in recent decades, the newly enacted Inflation Reduction Act (IRA) added yet another layer of tax complexity to an already complex and burdensome federal tax code. While the Inflation Reduction Act increased the Internal Revenue Service (IRS) budget by roughly $80 billion over 10 years, it
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Single-stock ETFs are ‘way too risky for 99% of investors,’ advisor says. What to know before adding one to your portfolio

Wealth
Oscar Wong | Moment | Getty Images Most investors think of exchange-traded funds as a simple way to buy a diversified basket of individual stocks tracking an index or with exposure to a particular theme. But now there are also so-called single-stock ETFs, allowing leveraged bets on individual stocks. However, regulators and advisors warn these
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How to combat inflation with Labor Day deals — ‘Sales have already started,’ says shopping expert, with discounts of 50% or more

Personal finance
Air conditioner units for sale during a heat wave in Austin, Texas, on Tuesday, July 19, 2022. Sergio Flores | Bloomberg | Getty Images Labor Day deals are already underway, with big discounts on summer clothing, appliances and outdoor furniture. “Sales have already started,” said Julie Ramhold, a consumer analyst at DealNews.com. For cash-strapped consumers, this
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Dr. Fauci’s influence reaches beyond Covid, across five decades of research: ‘He always spoke to science, committed to what was right’

Wealth
On Monday, Dr. Anthony Fauci announced that he will depart from his positions as President Joe Biden’s chief medical adviser and director of the National Institute of Allergy and Infectious Diseases at the end of the year. The 81-year-old won’t be fully retiring just yet. In his announcement, Fauci didn’t specify his future plans, but
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88% of investors worry about inflation, rate hikes. Here’s how to prepare your portfolio as interest rates continue to rise

Personal finance
dowell | Moment | Getty Images After nearly eight months of market volatility, many investors still worry about rising interest rates and how those changes affect their portfolio. Some 88% of investors are concerned about rising inflation and interest rates, according to a J.P. Morgan Wealth Management study published Monday, polling more than 2,000 Americans,
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72% of recent homebuyers have regrets about their purchases. As the market cools, these steps can help you avoid disappointment

Real Estate
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units. Sales were 8.6% lower than in May 2021. As existing-home sales declined, the median price
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