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Government funding difficulties create gloom for federal workers before Christmas The Associated PressGovernment Shutdown and Travel: What to Know About Flights, Passports and More The New York TimesAmerica's maxing out its bah-humbug energy CNNHow a shutdown could affect a new Congress and Trump's inauguration NBC News
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Senate passes Social Security benefits boost for many public service retirees The Associated PressCongress Approves Full Social Security Benefits for Public Sector Retirees The New York TimesSocial Security measure passes Senate, sending it to Biden POLITICOU.S. Senate C-SPAN More! on the windfall elimination provision and government pension offset Government Executive
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At least two dead as car slams into crowded Christmas market in Germany Al Jazeera EnglishTwo killed and scores injured in Germany as car ploughs into crowd at Christmas market The GuardianDeath toll from German Christmas market car-ramming rises to four, Bild reports ReutersDecember 20, 2024, At least 2 dead and dozens injured in attack on German Christmas market, authorities say
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Social Security measure passes Senate, sending it to Biden POLITICOCongress Approves Full Social Security Benefits for Public Sector Retirees The New York TimesSenate approves bill to expand Social Security to millions of Americans CBS NewsU.S. Senate C-SPAN More! on the windfall elimination provision and government pensi
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French Court Convicts 8 People Tied to Events Leading to Teacher's Beheading The New York TimesEight convicted over beheading of teacher Samuel Paty in Paris The GuardianParis court issues heavy sentences in teacher Samuel Paty's beheading trial FRANCE 24 EnglishEight People Convicted in Trial for Beheading of French Teacher The Wall Street Journal
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Notre Dame rolls past Indiana in College Football Playoff opening game: What's next? - The Athletic The AthleticNotre Dame tops Indiana to kick off new CFP era ESPNNotre Dame's frenzied home win proves what college football's brass doesn't want to hear: The postseason belongs on campus Yahoo SportsNotre Dame vs Indiana football series history: all-time meetings, record heading into CFP matchup South Bend Tribune
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Notre Dame HC Marcus Freeman Had Classy Message For Curt Cignetti After CFP Win Sports IllustratedFreeman's vision finally aligns as Notre Dame takes a stride toward history Irish IllustratedTwo starters injured for Notre Dame football in CFP first round game South Bend TribuneMarcus Freeman Gives Massive Injury Update After Notre Dame-Indiana Athlon Sports
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Notre Dame dominates Indiana In College Football Playoff opener to set up Sugar Bowl matchup vs. Georgia Yahoo SportsNotre Dame tops Indiana to kick off new CFP era ESPNWhat Curt Cignetti Said After Indiana Was Beaten 27-17 By Notre Dame In The College Football Playoff Sports IllustratedNotre Dame's frenzied home win proves what college football's brass doesn't want to hear: The postseason belongs on
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Tel Aviv hit by missile fired from Yemen, Israel and Houthis say CNNHouthis fire a ballistic missile named 'Palestine 2' at Tel Aviv NBC NewsLIVE: Houthi missile hits near Israel's Tel Aviv, injures more than dozen Al Jazeera English
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The legislation avoids a shutdown, funding the government through March 14.
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Delphi murders: Richard Allen sentenced to 130 years for Indiana deaths BBC.com'Without her, we would not be here': Delphi murders tip-finder hailed as key to case IndyStarDelphi murders: Richard Allen sentenced for killing 2 teen girls on hiking trail Fox NewsDelphi murderer Richard Allen maintains his innocence, won't cooperate with 'state actors' Journal & Courier
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The chicken chain is making a strategic pivot towards the growing demand for customizable, sauce-heavy meals.
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Amazon and Starbucks workers are on strike. Trump might have something to do with it The Associated PressCentral Virginia Teamsters labor union joins nationwide strike against Amazon WRIC ABC 8NewsDemonstrators picket Amazon warehouse in Bondurant KCCI Des Moines‘Packages and profits over people': What it's like to be an Amazon driver and why some are on strike CNN
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Chicago school board fires Chicago Public Schools CEO Pedro Martinez after months of tension ChalkbeatCPS board meeting today: Mayor Brandon Johnson's interim board votes to fire Pedro Martinez, Chicago Public Schools CEO ABC7 ChicagoChicago Board of Education votes to fire CPS CEO Pedro Martinez WGN TV Chicago
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Biden Withdraws Proposed Regulations on Student Loans and Trans Athletes The New York TimesBiden forgives $4.28 billion in student debt for 54,900 borrowers CNBCBiden announces $4.28 billion in student loan relief for 55,000 borrowers ABC News
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Car slams into Christmas market in Germany, killing 2 and injuring dozens The Washington PostDecember 20, 2024, At least 2 dead and dozens injured in attack on German Christmas market, authorities say CNNSaudi doctor who crashed into German Christmas market, killing at least 2, is an anti-Islam activist: report New York Post Kompany, Rose shocked after Magdeburg incident ESPN
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As Chicago Public Schools faces deficits of around $500 million, two Board of Education votes could affect district finances for years to come.
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US government shutdown could cost travel sector $1 billion per week, disrupt holiday travel ReutersWhat's at risk if Congress doesn't fund the government by Friday night CNNTSA union leader in Pittsburgh explains impact of potential government shutdown CBS NewsWhat a government shutdown could mean fo
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JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle CNNIn a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud NPRCFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud CNBC
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Party City employees were informed they'd be cut loose without severance pay or benefits just days before Christmas.
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US stocks surge, dollar drops after cool inflation report ReutersKey Fed inflation measure shows 2.4% rate in November, lower than expected CNBCStocks Rally on Hopes for More Rate Cuts The Wall Street JournalStock Market Today: Dow Jones Soars As Speaker Johnson Eyes Bill Split To Avoid Shutdown; Warren Buffett Loads Up On Top Holding (Live Coverage) Investor's Business Daily
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Dennis Porter is now seeing the culmination of years of hard work and his single-minded dedication to the idea that bitcoin can serve as a national strategic asset.
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Chicago Board of Education Votes to Fire Leader of City's School System The New York TimesMayor Brandon Johnson's interim Chicago Board of Education votes to fire CPS CEO Pedro Martinez ABC7 ChicagoCPS CEO goes to court in last minute attempt to save job before Friday board meeting Chicago TribuneChicago Board of Education votes unanimously to fire CPS CEO Pedro Martinez FOX 32 Chicago
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Republicans revolted against a bipartisan bill, then the House rejected a party-line alternative. The shutdown deadline is hours away.
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Last-minute budget bill to prevent US government shutdown prevails in House Al Jazeera EnglishGovernment Shutdown Live Updates: Latest News on Spending Bill and House Vote The New York TimesHere are the 34 Republicans that voted against the funding bill to avoid shutdown The Hill
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Stifel, TD Cowen and Susquehanna analysts praised the move and boosted their price targets for the delivery giant's stock.
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Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump's return to office.
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After its quarterly results beat Wall Street expectations the apparel maker's new chief, Elliott Hill, said a rebound would require fundamental changes in strategy.
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Trump Media & Technology Group Corp.'s stock fell about 6% Friday after Donald J. Trump transferred his entire $4 billion stake in the company into a revocable trust, according to filings.
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Winning numbers drawn for Mega Millions $862 million jackpot ABC NewsMega Millions Continues Rolling, Now at $825 Million Mega MillionsMega Millions winning numbers for Dec. 20, 2024. Did anyone win the lottery last night? Yahoo! VoicesMega Millions winning numbers for Friday, Dec. 20 drawing: $862 million lottery jackpot USA TODAY
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FDA approves weight-loss drug Zepbound to treat sleep apnea The Washington PostF.D.A. Approves Weight Loss Drug to Treat Obstructive Sleep Apnea The New York TimesFDA Approves First Medication for Obstructive Sleep Apnea FDA.govFDA approves weight-loss drug Zepbound for obstructive sleep apnea CNN
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More than three dozen Republicans joined Democrats in shooting down the last bill rejected Thursday.
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Hyzon warned that a potential total reduction in force will be completed in February if the company cannot raise funds or find a buyer.
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The agency's decision expands the use of Zepbound and could potentially pave the way for Eli Lilly to gain broader insurance coverage for the treatment.
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A government shutdown would create major disruptions.
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Starbucks Workers Begin a Strike in 3 Cities on Friday The New York TimesStarbucks baristas in L.A. and other cities go on strike over elusive contract Los Angeles TimesStarbucks workers union announces pre-Christmas strikes across the country, including Burbank ABC7 Los AngelesStarbucks baristas to strike in three cities, including Chicago FOX 32 Chicago
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Big Lots will soon start ‘going out of business' sales at its remaining locations CNNParty City is going out of business CNNBig Lots conducts going-out-of-business sales after sale of company falls through CNBCBig Lots store closings 2025: Retailer plans to close all stores Axios
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Foot Locker, CVS Health and Charles River Laboratories are among hard-hit stocks that look ready to recover.
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The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.
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The workers' union warns the walkouts could spread to hundreds of cafes by Christmas Eve if Starbucks does not meet demands at the bargaining table.
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Shares of Nike Inc. rallied after hours on Thursday after the sneaker maker reported quarterly results that topped expectations, following a big leadership shakeup at the company earlier this year.
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Editor's note: This is part six of a seven-part series. It dives more deeply into the second strategy for defusing a retirement tax bomb, implementing asset location. If you missed the introductory article, you may find it helpful to start here.
Most investors have heard of asset allocation, but asset location is another story - and it could help investors with large tax-deferred savings reduce their tax bills in retirement.
SEE MORE When It Comes to Your RMDs, Be Very, Very Afraid!
Asset allocation refers to how a portfolio is allocated to various asset classes that have different historical investment returns and standard deviations. The simplest example is a stock-bond allocation, such as a 60% stock, 40% bond allocation, which is a common allocation for retirees. But there are dozens of more granular asset classes that can be managed as well, for example, U.S. large cap stocks or international small cap value stocks. Asset allocation is critical to effectively diversify your portfolio and reduce risk.
Asset location is different portfolio management strategy: one that few clients I meet have heard of. Few financial advisers implement it as well. Asset location seeks to minimize taxes by placing different asset classes in specific tax buckets (taxable, pre-tax, tax-free).
Putting Asset Location into Practice
In a nutshell, here's how asset location works:
Typically, you want to place investments with low expected returns, such as bonds, into tax-deferred accounts.Place investments with high expected returns, such as small value or emerging market st
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