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☆ Warren Buffett thinks taxes are on the way up. Why selling stocks in advance may not be a good call
▼ + stars: | 2024-05-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That's because the amount of money that's converted is subject to ordinary income tax – which can be as high as 37%. Even for those who are taxed at a lower rate, a sufficiently large conversion might bump them into a higher tax bracket. Long-term capital gains taxes have three tiers, depending on an investor's income: 0%, 15% and 20%. In a higher tax environment, "tax loss harvesting will become more important, and doing it in a performance-neutral way," said Jerrod Pearce, a certified financial planner and partner at Creative Planning in Overland Park, Kansas. Don't sell highly appreciated assets to generate cash if you're donating to charity.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Trump, Tim Steffen, Baird, Roth, Steffen, that's, Jerrod Pearce Organizations: Creative Planning, Mutual Locations: Berkshire, Washington, Overland Park , Kansas

☆ Bo Burnham Is Everywhere. He’s Just Very Good at Pretending to Disappear.
▼ + stars: | 2024-05-13 | by ( Jason Zinoman | ) www.nytimes.com time to read: +1 min

Early in his bold and vexing new reality show, Jerrod Carmichael hears a knock at the door and opens it to find a very tall man in a ski mask and goggles just standing there. But certain comedy fans would come to a different response: Welcome back, Bo Burnham. On “The Jerrod Carmichael Reality Show” (HBO), this lanky masked man is referred to as Anonymous and his voice is disguised. But if this isn’t Bo Burnham, it’s a pretty good impression — or at least, one of him dressed to rob a bank. Except for “Inside” outtakes, he hasn’t shown up in any new work — until, possibly, now.

Persons: Jerrod Carmichael, Bo Burnham, Carmichael, it’s, Burnham

☆ House GOP embroiled in escalating primary feuds with majority on line
▼ + stars: | 2024-05-05 | by ( Manu Raju | Melanie Zanona | ) edition.cnn.com time to read: +10 min

For more on House Republican primary infighting, watch “Inside Politics with Manu Raju” on Sunday at 8 a.m. Washington CNN —GOP Rep. Don Bacon has had it with the far-right of his conference. Now McCarthy allies in the House GOP Conference are considering giving a boost to Aaron Dimmock, the retired Navy officer facing off against Gaetz in the August 20 primary. And while the outcomes in most of these primary races won’t impact the GOP’s efforts to keep the majority, they will shape the makeup of the next House Republican Conference and how they pursue their agenda. Several of Gonzales' colleagues in the House are backing a GOP primary challenger in his race for reelection.

Persons: Manu Raju ”, Don Bacon, They’ve, Republicans —, Bob Good, “, Bob Good’s, ” Bacon, we’ve, Tony Gonzales, Matt Gaetz, Good —, Adam Morgan, William Timmons, Kevin McCarthy, John McGuire, McCarthy, Mike Johnson, Dan Newhouse, Donald Trump, MAGA, Scott Perry, Jerrod, Gaetz —, McCarthy —, Gaetz, Aaron Dimmock, Derrick Van Orden, tubby ”, Chip Roy, Samuel Corum, Trump, ”, Ralph Norman, Morgan, Timmons, Joe Biden, Sen, Tony Vargas, Bacon, Dan Frei —, Lee Terry, “ He’s, ” Frei, Frei, Eric Underwood, Underwood, Bacon doesn’t, ” Underwood, he’s, Frei mailer, it’s, Gonzales, Tom Williams, Sarah Chamberlain, McGuire, Good’s, Steve Bannon, I’ve, ” Johnson, that’s, undercutting, CNN’s Jeff Zeleny, Sheden Tesfaldet Organizations: Republican, Washington CNN, GOP, Republicans, Nebraska Republican, CNN, Congress, Caucus, Rep, Good, Washington, Trump, Freedom Caucus, House GOP Conference, Navy, Gaetz, ”, Wisconsin Republican, Capitol, Getty, House Republican Conference, Democratic, Nebraska Republican Party, Nebraska Republicans, “, mailer, Republican Main Street Partnership, Nebraska GOP Locations: Nebraska, Texas, Florida, South Carolina, Virginia, Scott Perry of Pennsylvania, Wisconsin, Washington, Ukraine

☆ Opinion | The Necessary Discomfort of Jerrod Carmichael’s ‘Reality’
▼ + stars: | 2024-04-03 | by ( Charles M. Blow | ) www.nytimes.com time to read: +1 min

The comedian Jerrod Carmichael spends a remarkable amount of time in his new HBO series, “Jerrod Carmichael Reality Show,” with his head in his hands like Henri Vidal’s 19th-century statue of Cain after he has killed his brother Abel. Maybe that’s fitting, since the series focuses on Carmichael’s tortured process of coming out, and like many people who bravely take that step, arriving at the realization that, in a sense, the old you must die so that the new you can live. More pointedly, you must kill the you who is false. Coming out isn’t always followed by congratulations and celebrations, even today. Exposing that dilemma to the world is one of the great services Carmichael performs with his series.

Persons: Jerrod Carmichael, “ Jerrod Carmichael, Henri Vidal’s, Cain, Abel, isn’t, Carmichael —, —, Carmichael Organizations: HBO

☆ 7 things to stream this weekend, from 'The Bachelor' finale to the new season of 'Is It Cake?'
▼ + stars: | 2024-03-29 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +1 min

Check out new historical dramas like "We Were the Lucky Ones" and "A Gentleman in Moscow." AdvertisementIf you're looking for an immersive limited series to dive into, you're in luck — two new ones premiered this week. The first three episodes of Hulu's Holocaust family drama "We Were the Lucky Ones," starring Joey King and Logan Lerman, are out, too. And if you like your comedy with a hint of horror, you can also now stream "Lisa Frankenstein," a fresh twist on the Mary Shelley story from screenwriter Diablo Cody. Here's a complete rundown of all the best movies, shows, and documentaries to stream this weekend, broken down by what kind of entertainment you're looking for.

Persons: Lisa Frankenstein, —, Ewan McGregor's, Joey King, Logan Lerman, Jerrod, Tig, Mary Shelley, Diablo Cody, Here's Organizations: Service Locations: Moscow

☆ These surprise sources of income could cost you during tax season
▼ + stars: | 2024-02-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors are celebrating a year of easy-to-obtain interest income, but the Tax Man will want his slice this spring. Institutions report interest income of $10 or more to their customers and the Internal Revenue Service on Form 1099-INT . For instance, you can be on the hook for an accuracy-related penalty of 20% of the underpayment of the tax. Interest income from these I bonds is subject to federal income tax, but investors don't receive it until they redeem the bond or it matures. "It might be worth it to buy the MLP and pay the tax," Kearns said.

Persons: Elizabeth Buffardi, Buffardi, you'll, Jerrod Pearce, Adam Markowitz, Brian Kearns, Kearns Organizations: Internal Revenue Service, IRS, CPA, Creative Planning, Luminary, CFP, Haddam, Advisors, MLP Locations: Oak Brook , Illinois, Overland Park , Kansas, Windermere , Florida, Evanston , Illinois

CLEVELAND (AP) — The Cleveland Browns are interviewing former Philadelphia offensive coordinator Brian Johnson to help bring out the best in quarterback Deshaun Watson, a person familiar with the team's plans told The Associated Press on Thursday. Stefanski fired offensive coordinator Alex Van Pelt last week as part of an offensive shakeup. Johnson was ousted by Sirianni along with Eagles defensive coordinator Sean Desai after Philadelphia lost to Tampa Bay in the wild-card round. Stefanski has also interviewed Seattle offensive line coach Andy Dickerson, former Buffalo offensive coordinator Ken Dorsey and Texans quarterbacks coach Jerrod Johnson for the coordinator vacancy. The Browns are hiring Duce Staley, fired last season in Carolina, as their new running backs coach and former Alabama offensive coordinator Tommy Rees to coach tight ends.

Persons: Brian Johnson, Deshaun Watson, Johnson, Nick Sirianni, Kevin Stefanski, Stefanski, Alex Van Pelt, Sean Desai, Shane Steichen, Jalen, Andrew Berry, Watson, Andy Dickerson, Ken Dorsey, Jerrod Johnson, Duce Staley, Tommy Rees, They'll, Stump Mitchell, T.C, McCartney, ___ Organizations: CLEVELAND, The Cleveland Browns, Associated Press, Eagles, Browns, Sirianni, Atlanta, AP NFL, Seattle, Buffalo, Texans Locations: Philadelphia, Tampa, Atlanta and Tennessee, Indianapolis, Carolina, Alabama

☆ Arts Calendar: Happenings for the Week of December 3
▼ + stars: | 2023-12-03 | by ( Wsj Arts In Review Staff | ) www.wsj.com time to read: 1 min

‘Avatar: Frontiers of Pandora’ Photo: UbisoftFilm• “Poor Things” (Dec. 8): The shapeshifting Yorgos Lanthimos (“The Lobster,” “The Favourite”) works his directorial magic once again with this darkly comedic fantasy based on Alasdair Gray ’s novel. Emma Stone , Jerrod Carmichael , Willem Dafoe , Mark Ruffalo and Ramy Youssef star in this tale of a woman brought back to life by an eccentric scientist who then flees to see the world. • “The Boy and the Heron” (Dec. 8): The newest film from anime icon Hayao Miyazaki (“My Neighbor Totoro”) and his much lauded Studio Ghibli follows a boy mourning the death of his mother, only to be told by a magical bird that she’s still alive in a different realm.

Persons: ’, Alasdair Gray ’, Emma Stone, Jerrod Carmichael, Willem Dafoe, Mark Ruffalo, Ramy Youssef, Hayao Miyazaki Organizations: Ubisoft, Ghibli

☆ Sunak celebrates UK being named as Euro 2028 hosts with Three Lions
▼ + stars: | 2023-10-10 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

Sandwiched between Three Lions captain Harry Kane and manager Gareth Southgate, Sunak posed for photos holding a No. "I grew up with Euro 96 being one of the most amazing memories of my childhood," Sunak said in a statement. Ten stadiums in England, Wales, Ireland and Northern Ireland will host Euro 2028 matches. "It's brilliant for fans across Merseyside and the north west that Everton Stadium will be a venue for Euro 2028," Pickford said in a statement. "The England fans supported us all the way to the final in the last Euros, so I've no doubt fans across the UK and Ireland will ensure the tournament is another memorable one."

Persons: Rishi Sunak, Harry Kane, Gareth Southgate, BURTON, Sunak, Jerrod Bowen, Jordan Pickford, Pickford, Lori Ewing, Pritha Sarkar Organizations: Britain's, England, TRENT, Ireland, St, Three Lions, London's Wembley, Australia, Wembley, Everton, Thomson Locations: St George's, Burton, Trent, Britain, United Kingdom, George's, Italy, England, Wales, Ireland, Northern Ireland, Ham, Liverpool, Merseyside

☆ These safe assets offer yields exceeding 5%. Why investors shouldn’t lean too heavily on them
▼ + stars: | 2023-09-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Fed's rate-hiking campaign gave investors an opportunity they haven't seen in years: Risk-free returns are finally interesting. Six-month Treasurys are yielding 5.5%, while a bevy of money market funds are offering 7-day yields exceeding 5%, according to Crane Data . However, at some point, rates will come down — and investors hiding in short-term, high-yielding assets could find themselves with no place to go. That means investors could be left with few places to go for attractive yields in a lower rate environment as their shorter-term assets mature — known as reinvestment risk. The benefit of laddering when rates are high is that the longer-dated bonds will have already locked in the higher yields.

Persons: There's, we've, Crystal Cox, Matthew McKay, McKay, Jerrod Pearce, Pearce, Wealthspire's Cox Organizations: Federal Reserve, Data, Wealthspire Advisors, Briaud Financial, CFP, Creative Planning

☆ This year’s hot yields could be 2024’s tax hit. Here’s how to prepare
▼ + stars: | 2023-09-08 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Crane 100 Money Fund Index has an annualized 7-day current yield of 5.16% as of Thursday. This way, you're deferring the tax hit on the income until you begin to draw down from the account. To that effect, some money market funds invest in municipal bonds and thus produce tax-exempt income. Investors in high-tax locales may be especially interested in state-specific tax-exempt money market funds. The Fidelity New York Municipal Money Market Fund (FAWXX) carries an expense ratio of 0.42%, and it has a 7-day yield of 3.34%.

Persons: US3M, Tim Steffen, Baird, you've, Jerrod Pearce, Pearce, Steffen Organizations: Internal Revenue Service, Creative Planning, Vanguard, Money Market Fund, SEC, Fidelity New York Municipal Money Market Fund Locations: Vanguard California

☆ The year is half over. Here are three considerations to make sure your portfolio is on track
▼ + stars: | 2023-06-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Rebalance your portfolio Tech's remarkable bounce in 2023 could result in a significant portfolio tilt toward that sector — and an overconcentration that could hurt in the event there's a downturn. That means it's time to trim down a few of those oversized positions and make sure your asset allocation is properly reflecting your goals. Check in with cash Cash is another asset that requires your attention, especially in an era when investors have a host of options of where keep those funds. Cash you don't need for many years can go right back into your stock portfolio so you can keep ahead of inflation, Pearce said. "Make sure you have an appropriate amount of cash, and make sure you're not sitting on an enormous pile of cash that's doing nothing," he added.

Persons: Jorrell Bland, Josh Brown, Tony Roth, haven't, Wilmington Trust's Roth, Roth, Cash, Jerrod Pearce, Goldman Sachs, Marcus, Pearce, — CNBC's Michael Bloom Organizations: Nasdaq, Federal Reserve, Mitlin, Ritholtz Wealth Management, Wilmington Trust Investment Advisors, JPMorgan Equity, Wilmington, Creative Planning, Bread, Bread Financial, Citizens Financial, Treasury Locations: Wilmington, Treasurys

☆ Took a huge hit on taxes this year? How investors can avoid a hefty bill next year
▼ + stars: | 2023-04-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Last year was a complex one for investors, as the sharp market decline seemingly left traders short of huge capital gains from dumping highly appreciated stocks. "It's counterintuitive to people: Why do I have a large capital gains distribution this year? Meanwhile, investments that you hold for more than a year are subject to long-term capital gains rates, which can be as high as 20%. This means you sell a losing position to offset capital gains elsewhere in the portfolio, thus reducing the tax hit. Meanwhile, in a traditional IRA, taxes are merely deferred, but withdrawals are subject to income taxes.

☆ Did you buy alternative investments and big-yielding assets last year? Your tax return could get a little messy
▼ + stars: | 2023-04-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Tax Day is upon us – but investors who have complicated tax returns may find themselves asking for an extension. April 18 is the filing deadline for your 2022 return, and on that day, you must pay any federal income taxes you owe. Last year, an estimated 19 million taxpayers asked for an extension to turn in their 2021 tax return, according to the IRS. That's because while the MLPs themselves aren't subject to federal income taxes, the limited partners who receive income distributions are responsible for taxes. You need this form in order to file your income tax return, but partnerships may not send these details until mid-March, which could lead to investors going on extension.

☆ Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024
▼ + stars: | 2023-03-06 | by ( David Marchese | ) www.nytimes.com time to read: +23 min

Photo illustration by Bráulio Amado Talk Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024For a good long time during the George W. Bush and Obama presidencies, Paul Ryan was considered one of the intellectual leaders and shining stars of the Republican Party. Get out of this race.” But I don’t think Trump is going to get the nomination. I don’t think we want the lack of liberty that comes with government-made equality. Where I part company with the left is I don’t believe in socialism. I don’t believe in equality of outcomes.

☆ Stocking up on income-paying assets? Here’s how to maximize their tax efficiency
▼ + stars: | 2023-03-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The calculus of tax optimization Tax optimization begins with the three types of investment accounts available to investors: taxable brokerage accounts, tax-deferred accounts such as 401(k) plans and individual retirement accounts, and tax-free accounts like Roth IRAs. Tax-deferred accounts, meanwhile, allow money to accumulate free of taxes – but you're on the hook for income taxes when you take withdrawals. Your individual tax situation will also be a key factor in determining which income assets are best for you and where you should hold them. However, investors in a low tax bracket might be better off going for taxable bonds – which tend to pay higher yields than municipal bonds. Asset location Taxable brokerage accounts are generally a good place to hold T-bills if you're going to tap the money soon.

☆ Woody Harrelson Can Play Anyone. It’s Being Himself That’s Hard.
▼ + stars: | 2023-02-27 | by ( David Marchese | ) www.nytimes.com time to read: +17 min

“I’m an A personality and a B facade,” says Woody Harrelson, and that’s as good an explanation for his charm and success as you’re likely to find. I don’t know. I could go hang off one of those big mountaintop-remover coal things, but that’s not going to stop it. I meet with the director, and I’m going to do it — they’re making it for like $500,000 — then the guy just goes with someone else! I have a gluttonous side, and I know that’s not going to help me be a spiritually better person.

☆ Ozempic Runs Low for Diabetes Patients as Weight-Loss Use Surges
▼ + stars: | 2023-02-22 | by ( Peter Loftus | ) www.wsj.com time to read: 1 min

Jerrod Balzer takes Ozempic to manage his Type 2 diabetes and is concerned about receiving his medication refill due to a shortage. Drugs like Ozempic have become so popular among people seeking to lose weight that they are now in short supply for patients with diabetes who depend on the medicines. Diabetes patients said they are spending hours trying to find nearby pharmacies that have their prescriptions in stock. If they don’t, some patients have had to reduce dosing of Ozempic and similar drugs to stretch out their supplies, or switch to alternative drugs.

☆ YouTube Made Emma Chamberlain a Star. Now She’s Leaving it Behind.
▼ + stars: | 2023-02-20 | by ( David Marchese | ) www.nytimes.com time to read: +16 min

Mamadi Doumbouya for The New York Times Talk YouTube Made Emma Chamberlain a Star. When it comes to YouTube videos or videos that are not podcasts, I don’t think I’ll ever be done with that. Has it become harder over time to move the cultural needle with a YouTube video? I don’t focus too heavily on the future for the reason you just explained: We don’t know what is next. I don’t know.

☆ Walter Mosley Thinks America Is Getting Dumber
▼ + stars: | 2023-02-06 | by ( David Marchese | ) www.nytimes.com time to read: +17 min

Mamadi Doumbouya for The New York Times Talk Walter Mosley Thinks America Is Getting DumberWalter Mosley is best known as one of contemporary literature’s pre-eminent crime novelists, but he’s actually four or five different writers rolled into one. You have to tell stories about real people experiencing it and not real people with a Ph.D. People who are not stupid but ignorant, who don’t know things about the world. There are people who don’t know how to spell, they don’t know how to think. You have these people coming out into the world, and they don’t know what to do. That’s going to happen.

☆ You Don’t Have to Be Complicit in Our Culture of Destruction
▼ + stars: | 2023-01-30 | by ( David Marchese | ) www.nytimes.com time to read: +12 min

Photo illustration by Bráulio Amado Talk You Don’t Have to Be Complicit in Our Culture of Destruction“People feel a kind of longing for a belonging to the natural world,” says the author and scientist Robin Wall Kimmerer. I am deeply aware of the fact that my view of the natural world is colored by my home place. But I don’t think that’s the same as romanticizing nature. Of course the natural world is full of forces that are so-called destructive. The story that we have to illuminate is that we don’t have to be complicit with destruction.

☆ The Digital Workplace Is Designed to Bring You Down
▼ + stars: | 2023-01-23 | by ( David Marchese | ) www.nytimes.com time to read: +15 min

Mamadi Doumbouya for The New York Times Talk The Digital Workplace Is Designed to Bring You DownWe’ve been given no shortage of digital tools that should, in theory, help us work better, with more focus and efficiency, and connect us more easily with our colleagues. Your brain can’t have your inbox open next to the memo you’re writing while you’re also on the phone. The only way to get out of that suboptimal equilibrium is to completely change the way the organization collaborates. You can’t have a small number of executives figure out the right way to do the work and then dispense it. But zoom out to John McPhee’s career, and you’re like, you’re one of the most productive and impactful writers of all time.

☆ Why Michelle Yeoh's 'shut up' at the Golden Globes was profound for Asian women
▼ + stars: | 2023-01-11 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +4 min

Yeoh's moment was refreshing for Jeon, a self-proclaimed assertive Asian American woman. And for Asian women, who contend with historical pressures from within the community and beyond to make themselves small, Yeoh’s quip had a deeper meaning. She simultaneously represented other Asian women who are more compelled to speak their minds. Jeon, for example, said that she has often been reminded by loved ones to tone down her personality in spaces within the Asian American community. While many women are taught to downplay their strengths, particularly in front of men, Yeoh flexed her might in those five words.

From start to finish, Tuesday's 80th annual Golden Globe Awards was a very queer affair. Here are some of the evening's queerest (and gay Twitter meme-worthy) moments. Jerrod Carmichael apologizes to Jennifer Coolidge 'on behalf of all the gays'Jerrod Carmichael hosted the 80th annual Golden Globe Awards on Tuesday. The 26-year-old actor, who already has two Emmy awards for the same role, was not present to accept her Golden Globe. The Burnett award was started in 2019, with its namesake, comedian Carol Burnett, being its first honoree.

Actor and Golden Globes presenter Niecy Nash called out the "Black Girl Magic" during the awards ceremony Tuesday night. Tyler James Williams, Brunson's castmate on “Abbott Elementary,” won best supporting actor in a TV comedy series for his portrayal of a public school educator. Brunson, Zendaya and Williams are all first-time Golden Globes nominees and winners. Rich Polk / NBCHe said he was having tea at home when he got the phone call to host the Golden Globes. The Golden Globes awards show made its television comeback Tuesday after NBC opted not to air the 2022 ceremony in the wake the criticism.

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