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Tax-loss harvesting delivers surprise retirement break

Expanded deductions for older Americans are changing the tax-planning equation for retirees, according to Jeffrey Levine, chief planning officer at Focus Partners Wealth. In an interview as part of the Focus on Finance Forum series, Levine explained that many retirees may now qualify for the 0% long-term capital gains tax bracket because of larger standard […]

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Paramount’s Warner deal has a new $650 million problem

Paramount Skydance (PSKY) could be encountering a further hurdle in its $110 billion chase of Warner Bros. Discovery (WBD). Britain does not necessarily want to block the accord. The greater danger may be that Britain recognizes the cost of delay. The U.K. government is reviewing whether it should intervene in Paramount’s planned acquisition of Warner

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Fidelity, Vanguard have a warning for anyone taking RMDs

Millions of retirees with traditional IRAs and 401(k) plans must take required minimum distributions (RMDs) before the December 31 annual deadline.  Missing that withdrawal can trigger an IRS penalty equal to 25% of every dollar not withdrawn on time, according to the Internal Revenue Service. Fidelity Investments and Vanguard are both highlighting this risk in

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Goldman Sachs, Morgan Stanley announce new employee perk

A new federal savings account for children launches July 4. Goldman Sachs and Morgan Stanley each committed to matching the government’s $1,000 opening deposit for their employees’ children before the program even opened. Both banks confirmed the match on July 2, Reuters reported. More than 87 companies and organizations had made similar commitments by the

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Cult-favorite doughnut chain closes more locations without warning

While corporate giants are winning over the typical morning coffee consumer, many popular independent food spots are secretly struggling.  The numbers suggest that the pastry business is doing well, with Dunkin’ currently dominating in the United States with more than 10,000 locations and a strong position in the coffee space. Placer.ai found that Dunkin’s customer

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