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☆ A '9-to-5 millionaire' shares 2 ways to increase your day job income — and the 'offense-defense' strategy that propelled him to financial independence
▼ + stars: | 2024-05-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Shao Chun Chen built wealth by sticking to simple principles: live below your means and invest early and regularly. Shao shared the strategies he used to increase his income while working his day job, plus the formula he used to achieve financial independence. Shao Chun Chen worked at Google Singapore for eight years. Shao Chun Chen"I forced myself. To play good offense, start by evaluating your day job.

Persons: Shao Chun Chen, He's, Merrill Lynch, Shao, you've, You've Organizations: Business, NTU Singapore, Google, BI, Google Singapore, National University of Singapore Locations: Singapore

☆ Trump Hush-Money Trial Sees 'Falsified' Documents at Heart of Case
▼ + stars: | 2024-05-06 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +7 min

Those witnesses, longtime Trump Organization employees Jeffrey McConney and Deborah Tarassoff, handled the checks, invoices, and other records that comprise the 34 business records the Manhattan district attorney's office alleges Trump illegally falsified. He was sentenced to five months in jail in 2022 for a Trump Organization felony payroll tax-fraud prosecution, and is now serving another five-month sentence for felony perjury in last year's Trump Organization civil fraud trial. The Trump Organization needed to reimburse Cohen for some money, McConney testified that Weissberg told him. Yet another Trump Organization employee would FedEx the checks to Trump in DC, he testified. In the afternoon, prosecutor Christopher Conroy slogged through more records with Tarasoff, who said she has worked at the Trump Organization for 24 years.

Persons: —, Donald Trump's, Jeffrey McConney, Deborah Tarassoff, Trump, Michael Cohen, Stormy Daniels, Attorney Alvin Bragg, Daniels, Melania Trump, McConney, Cohen, Allen Weisselberg, Weisselberg, Weissberg, Colangelo, Keith Davidson —, Jeffrey McConney's, pic.twitter.com, c2d9IQyKe5, Jacob Shamsian ⚖️, Dear Allen, Christopher Conroy slogged, Tarasoff, Todd Blanche, yawn, Conroy, Tarassoff, he'd Organizations: Service, Prosecutors, Trump, Business, Trump Organization, Attorney, Tahoe, White, FedEx Locations: Donald Trump's Manhattan, Manhattan, Weisselberg, Florida, Trump, New York, DC, Sharpie

☆ Opinion: Trump trial prosecutors in hush money case rack up points
▼ + stars: | 2024-05-06 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +5 min

He was a financial professional at the Trump Organization for decades who proved to be an effective guide to the second phase of the prosecution’s case. The controller agreed that he “rarely spoke” with Trump while at the Trump Organization, never spoke to Cohen about these issues and was never asked by Trump to make the questioned business entries. Join us on Twitter and FacebookA similar back-and-forth unfolded after the lunch break, including when another member of the Trump Organization accounting staff, accounts payable supervisor Deborah Tarasoff, testified. While we have a ways to go on both halves of the case, prosecutors are scoring more points so far. So while Trump can feel good about his team’s effort, he can’t be very encouraged about where the overall scoreboard stands.

Persons: Norman Eisen, “, Donald Trump, Juan Merchan’s, Jeffrey McConney, Norm Eisen, McConney, David Pecker, Trump, Matthew Colangelo, Allen Weisselberg, Michael Cohen, Stormy Daniels, Cohen, Emil Bove, Deborah Tarasoff, District Attorney Alvin Bragg, Hope Hicks Organizations: CNN, Trump Organization, National Enquirer, Assistant, Trump, Cohen, Twitter, Facebook, District Attorney, White House

☆ Here's how to avoid getting 'hammered' on inherited individual retirement account taxes, experts say
▼ + stars: | 2024-05-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Inherited individual retirement accounts can be a financial boost for heirs, but the windfall can trigger tax issues, experts say. Withdrawals from pretax inherited IRAs incur regular income taxes. Since 2020, certain heirs can no longer "stretch" retirement account distributions over their lifetime to reduce yearly taxes. Now, certain heirs, including most adult children, must deplete inherited accounts within 10 years, known as the "10-year rule." While only about 20% of May's clients have inherited IRAs, she expects more heirs to face the tax-planning issue as baby boomers age.

Persons: IRAs, Ed Slott, Roth, Slott, JoAnn May Organizations: Finance, IRS, Asset Management Locations: Berwyn , Illinois

☆ Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +13 min

Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.

Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, —, Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India

☆ You could 'miss the opportunity' with company stock, experts say. Here are the key things to know
▼ + stars: | 2024-05-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

However, the taxes can be complicated, depending on the type of stock options. But even with an initial discount, there's no guarantee a company's stock price won't decrease after exercising a stock option. Restricted stock units are 'like a cash bonus'Another benefit, restricted stock units, or RSUs, are company shares granted upon hiring, which vest over time. "We like to establish a target of what they like to hold in company stock," said Garasic, who aims to keep allocations of a single stock to 10% or less. Employee stock purchase plans offer ‘free money’Many publicly traded companies may also offer discounted company shares via an employee stock purchase plan, or ESPP.

Persons: Bruce Brumberg, Ransom, Cooper, Matthew Garasic, vesting, Garasic, there's, Kristin McKenna Organizations: LanaStock, Getty, Zenith Wealth Partners, National Association of Stock Plan, Management, Darrow Wealth, Darrow Wealth Management, CNBC Locations: Pittsburgh, Boston

☆ We left Colorado's cold weather and high taxes for California sunshine and a surprisingly cheaper cost of living
▼ + stars: | 2024-05-04 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Beth Ann: We planned on getting to California at some point. Beth Ann: We first started considering a move to California during COVID when we were sitting at home and couldn't go anywhere. AdvertisementEric and Beth Ann Mott said they love the access to nature and hiking in California. Courtesy of Eric and Beth Ann MottBeth Ann: You can't paint California with just one brush. Beth Ann: I think California will continue to be our long-term play.

Persons: —, realtors Eric Mott, Beth Ann Mott, Eric, Denver, Beth Ann, We're, Berkshire Hathaway HomeServices, Colorado, COVID, California Eric, Beth Anne, Beth Ann Mott Eric, it's, Colorado Eric, Everybody, they're, Beth Ann Mott Beth Ann, wouldn't Organizations: Service, realtors, Business, Kansas City, Berkshire Locations: Denver , Colorado, Oaks , California, California, Denver, Colorado, Oaks, Eric, COVID, Santa Monica, downtown, Los Angeles

☆ A couple that built wealth from 'live-in flips' shares 4 strategies they use to flip homes for a profit, including: Find the 'dumpy house in the great neighborhood'
▼ + stars: | 2024-05-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

A live-in flip, unlike a traditional flip, is when you rehab the home to increase its market value while living there. Related stories"One thing that we have always focused on is finding that dumpy house in the great neighborhood," said Mindy. For example, the Jensens' current live-in flip has a pool. "So no one wanted this house, but it's in a great neighborhood, and it would be very easy to get rid of the pool." Do a 'live-in flip' to avoid capital gains taxThe Jensens prefer 'live-in flips' to traditional flips because it lowers their risk.

Persons: —, Carl, Mindy Jensen, they've, they're, Mindy, There's, Carl Jensen, We're, flipper Organizations: Service, Business, YouTube Locations: The Colorado, Colorado

For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.

Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain

☆ Urris: Irish moonshine and the village that declared itself an outlaw republic
▼ + stars: | 2024-05-02 | by ( Yolanda Evans | ) edition.cnn.com time to read: +8 min

Back in the 19th century, however, this county was at the center of an illegal trade in poitín – or Irish moonshine. Inishowen in particular was such a hive of illegal activity that the area was jokingly referred to as the Urris Poitín Republic. Fed up with the heavy fines, the people of Urris declared themselves the independent nation of the “Urris Republic of Poitín” and sealed themselves in by collapsing the pass in 1812, McLaughlin-Doherty explains. The townspeople were able to be self-sufficient because of their farmlands and fishing, thus allowing the Urris Republic of Poitín to last for three years before the coup was ended in 1815. The Catholic Church, a stronghold in Ireland, was instrumental in the eventual curbing of illegal poitín production.

Persons: there’s, Malin, –, uisce, Innis Murray, Martin Hegarty, Jennifer McLaughlin, Doherty, “, Urris, McLaughlin, Poitín, ”, Pat Doherty, poitín, Clara Molden, Aengus King, Pádraic Ó Griallais, Poitin, Ó Griallais Organizations: CNN, Donegal, distillers, Irish Ancestral Tours, Research, “, Catholic, Camera, Drinks, Micil Distillery, Revenue, Department, Agriculture Locations: Inishowen, Ireland’s, There’s, Clonmany, Lenan, poitín, Republic, Ireland, Sligo, Urris, Poitín Republic, Poitín, Urris Republic, Republic of Urris, Ireland’s Shannon, Dublin, Drinks Ireland, Galway, “, Britain

☆ A financially independent couple that has built wealth doing 7 'live-in flips' has paid zero capital gains taxes on their property sales, thanks to an IRS rule
▼ + stars: | 2024-05-02 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

"One of our big strategies was 'live-in flip,'" Carl, who retired in his 40s and runs the financial independence blog "1500 Days to Freedom," told Business Insider. The Colorado-based couple is wrapping up their eighth live-in flip, in which they buy a house, rehab it while living there, and then resell it. While they haven't earned more than $500,000 on a flip yet, they could on the sale of their current live-in flip. To avoid paying capital gains taxes, "we're actually considering putting one of our daughters on the title," said Mindy. That way, they'd have three individuals on the title and could shield up to $750,000 from capital gains.

Persons: —, Carl, Mindy Jensen, Jensen, they're, it's, they've, Mindy, we're, they'd Organizations: Service, Business, IRS Locations: Colorado, New York City

☆ Johnson looks to unify GOP with crack down on college campus protests
▼ + stars: | 2024-05-02 | by ( Annie Grayer | Melanie Zanona | ) edition.cnn.com time to read: +9 min

“Anti-Israel protests on college campuses threaten Jewish students,” says the ad, which was shared first with CNN. While supporters of the legislation say it will help combat antisemitism on college campuses, opponents argue it overreaches and threatens to chill free speech. Some Democrats see the new investigative effort into college campuses and Johnson’s recent visit to Columbia University as a divisive political ploy. “Clearly it’s a very high priority for him,” GOP Rep. Frank Lucas of Oklahoma, the chairman of the House Science Committee, told CNN. House GOP Conference Chairwoman Elise Stefanik, who sits on the Education panel, is also expected to play a prominent role in the effort.

Persons: Mike Johnson, Johnson, speakership, ” Johnson, “, ”, Marjorie Taylor Greene, Donald Trump, Nick Fuentes, Pramila Jayapal, Joe Biden, James Comer, Lisa McClain, Biden, “ I’ve, Frank Lucas of Oklahoma, Virginia Foxx, Elise Stefanik, Jim Jordan, Comer, ” Comer, ” CNN’s Haley Talbot Organizations: CNN, Republican, House Democratic, GOP, Louisiana Republican, Columbia University, Democrats, White, Department, Education, International Holocaust, Alliance, Columbia, Michigan, House Education, Workforce Committee, House Science, North Carolina, Yale University, University of California, University of Michigan, House GOP, New York Republican, Science, Republicans, George Washington University, Kentucky Republican Locations: Louisiana, Israel, Marjorie Taylor Greene of Georgia, Lago, Washington, Columbia, University of California Los Angeles, “, Ohio

☆ Carlyle thinks it's a good time to move on sports teams, but investors should be careful
▼ + stars: | 2024-05-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Carlyle also sees an opportunity to take advantage of sports' greater openness to institutional capital as teams get more expensive. Advertisement"Post-COVID, no content is more important than sports content," Fund said. Successfully running a team isn't as easy as investing in oneCarlyle sees openings for outside investors in teams as their valuations soar. "As teams become more expensive, you're running out of people to buy controlling stakes in teams," Fund said. Key to the Reign deal, for example, was having the Sounders, with its deep market knowledge, as a day-to-day operator.

Persons: —, Carlyle, Ben Fund, Alex Popov, cochair David Rubenstein, We've, We're Organizations: Service, National, Soccer, Seattle, FC, Seattle Sounders, Business, Fund, Baltimore Orioles, NFL, Sounders

☆ No, the electric vehicle market isn’t crashing. It just needs recharging.
▼ + stars: | 2024-05-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

The second is the rate of EV sales growth is slowing, at least temporarily. The EV market is not collapsing, experts say, it’s just entering a new phase. Teslas still make up slightly more than half of all the electric vehicles sold in America, according to a report from Cox Automotive. But, just one year ago, Tesla produced more than 60% of all the EVs sold America. After having trouble cranking up production of its new generation of electric vehicles, GM seems to be accelerating.

Persons: it’s, ”, Coco Zhang, “, Teslas, Tesla, Cox, Ford, China’s Geely, Michael Lenox, Corey Cantor, Cantor, ” Cantor Organizations: New, New York CNN, International Energy Agency, ING, CNN, Cox Automotive, Ford, General Motors, Blazer, European Federation for Transport, Volvo, EV, China Passenger Car Association, University of Virginia, Bloomberg New Energy Finance, Vehicles, Chevrolet Bolt, Dodge Locations: New York, That’s, EVs, America, China, Europe, United States, ’

☆ Joseph Stiglitz on why America's appetite for Trump endures
▼ + stars: | 2024-05-01 | by ( William Edwards | ) www.businessinsider.com time to read: +12 min

If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."

Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, —, that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America

☆ Biden Tax Increases Won’t Hit Middle Class, Yellen Says
▼ + stars: | 2024-04-30 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

The battle lines of the next big tax fight were laid out on Tuesday as Treasury Secretary Janet L. Yellen sparred with Republicans over the Biden administration’s plans to raise taxes on businesses and wealthy Americans. In recent weeks, Republicans have been amplifying their attacks on President Biden’s tax proposals, which have become central to the president’s re-election message. Many provisions in the $1.7 trillion tax cut that Republican lawmakers and former President Donald J. Trump enacted in 2017 are set to expire in 2025, including lower tax rates for individuals as well as many tax breaks for corporations. Renewing all of the tax measures for another decade would cost about $3 trillion, according to the Joint Committee on Taxation. Republicans have begun warning that Mr. Biden plans to allow all of the tax cuts to expire, effectively raising taxes on businesses and families at a moment when inflation is pinching consumers.

Persons: Janet L, sparred, Biden’s, Donald J, Trump, Biden Organizations: Biden, Republican, Taxation, Republicans

☆ How to save for retirement if your company doesn't offer a 401(k)
▼ + stars: | 2024-04-30 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Even if your employer doesn't offer a 401(k) plan, it shouldn't stop you from getting the most out of your retirement savings. You have other tax-advantaged options available to save for the future, including individual retirement accounts, Roth IRAs or health savings accounts — all of which can help your money grow. However, only about 11% of Americans max out their 401(k) contributions. If you don't have an employer retirement plan like a 401(k), all of those contributions are tax deductible. And unlike traditional IRAs, you don't have to take minimum distributions at any point.

Persons: Roth, Justin Rucci, Roth IRAs Roth, Alyson Basso Locations: Newport Beach , California, Middleton , Massachusetts

☆ Treasury Department announces new Series I bond rate of 4.28% for the next six months
▼ + stars: | 2024-04-30 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Jitalia17 | E+ | Getty ImagesHow I bond rates workThere are two parts to I bond rates — a variable- and fixed-rate portion — which the Treasury adjusts every May and November. Based on inflation, the variable rate stays the same for six months after purchase, regardless of when the Treasury announces new rates. There are no state or local levies on interest and you can defer federal taxes until redemption. What's the interest rate from May 1 to Oct. 31, 2024? $10,000 per person every calendar year, plus an extra $5,000 in paper I bonds via your federal tax refund.

Persons: Jeremy Keil, Keil, there's, Will Organizations: Treasury, Keil Financial Partners Locations: Milwaukee

☆ Rep. Jason Smith: Every American will see a tax increase at the end of 2025 if Trump tax cuts expire
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Jason Smith: Every American will see a tax increase at the end of 2025 if Trump tax cuts expireHouse Ways and Means Committee Chairman Rep. Jason Smith (R-Mo.) joins 'Squawk Box' to discuss the future of Trump tax cuts, whether Congress will pass a slimmed down version of the tax cuts, and more.

Persons: Jason Smith Organizations: Trump

☆ I went to college at 40 while raising my 5 children. I had to make some parenting sacrifices.
▼ + stars: | 2024-04-27 | by ( Victoria Marie Lees | ) www.businessinsider.com time to read: +4 min

Read previewMy college journey began at 40 years old when I enrolled in a community college. Not only was I starting college later in life, but I was also doing it as a mother of five children — ages 8 to 14. Related storiesInitially, I attended classes while my children were in school, praying no one got sick. I had all my children help out around the houseFrom shopping and meal preparation to laundry and cleaning, everyone helped — regardless of their age. AdvertisementI may have started college to help my children and to prove my father wrong, but I finished to help myself.

Persons: —, didn't, here's Organizations: Service, Business, Sports, University of Pennsylvania

☆ Fact check: Trump’s false courthouse claims about his trial
▼ + stars: | 2024-04-27 | by ( Daniel Dale | ) edition.cnn.com time to read: +9 min

Here’s a fact check of four of the claims he made about the trial. (For this particular article, we’ll leave aside the false claims he made in the courthouse about a variety of other subjects.) It is an armed camp to keep people away.” And he said in comments inside the courthouse on Thursday: “This courthouse is locked down; there’s not a person within five blocks.”Facts First: Trump’s claims are all false. Facts First: As he has before, Trump made Merchan’s gag order sound far broader than it is. The gag order does not prohibit Trump from declaring the case a sham or from sharing others’ claims that the case is a sham.

Persons: Donald Trump, Here’s, we’ll, Trump, it’s, Michael Cohen’s, Michael Cohen “, ” Cohen, “, ”, Cohen, Trump’s, ” Trump, Judge Juan Merchan’s, Merchan, you’re, “ I’m, Attorney Alvin Bragg, Bragg, Biden, Alvin Bragg’s, Matthew Colangelo, Colangelo Organizations: Washington CNN, New York Times, Trump, CNN, Monday, Republican, Intelligence, Manhattan, Attorney, Biden, Justice Department Locations: Lower Manhattan, Moscow, Russia, ”, Manhattan, York’s

☆ 'Nobody's getting wealthy on Social Security,' lawmaker says. The November election may influence the program's future
▼ + stars: | 2024-04-27 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Protect Social Security!" In 1983, when the last major Social Security reforms were enacted, there were no benefit enhancements, Larson argued. Today, annual earnings of up to $168,600 are subject to a 6.2% payroll tax toward Social Security paid by both workers and employers. Larson's plan also calls for closing loopholes that allow wealthy taxpayers to avoid paying Social Security taxes on other income. Larson said the public is well aware that Social Security benefits are theirs and they've paid for them.

Persons: Kean, Dave Kotinsky, Larson, they've, John Larson, Conn, Mark Wilson, Nancy Altman, Drew Ferguson, Ferguson, Jodey Arrington, Charles Blahous, Blahous Organizations: Getty, hasn't, Social Security, Security, Social, Capitol, Democratic, Republican, Republican House, Republicans, George Mason University Locations: Bridgewater , New Jersey, Jan, Georgia, Texas

How to cancel your life insurance policyCanceling a term life insurance policyThere are several ways to cancel a term life insurance policy. Alternatives to life insurance cancelationcanceling your life insurance policy isn't ideal if you have dependents who rely on your income for financial support. If you have a whole life insurance policy, look into reduced paid-up life insurance. Life insurance settlementIf you don't have a terminal diagnosis and you want to sell your term life insurance policy, you can apply for a life insurance settlement with a third-party provider instead of canceling your policy. Canceling life insurance FAQsWill I get any money back if I cancel my life insurance policy?

Persons: Lucas Siegel, Siegel, wouldn't, policyholders, you've Organizations: Internal Revenue Service

☆ A California woman bought a vacant lot in Hawaii and discovered a $500,000 house was built on it without her permission
▼ + stars: | 2024-04-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

A developer in Hawaii accidentally built a house on it instead of the neighboring lot. Reynolds bought a one-acre plot of land in Hawaiian Paradise Park, a nearly 15,000-person subdivision on Hawaii's Big Island, for $22,500 at a tax auction. Reynolds' lot is just two miles from the beach. He told BI that in Paradise Park, unless you're next to the ocean or the highway, every parcel looks indistinguishable. Related stories"There are 8,000 one-acre lots in Paradise Park," Kenny said.

Persons: Anne Reynolds, —, Anne, Reynolds, Trulia —, Doug Keown, Dana Kenny, Kenny, Peter Olson, James DiPasquale, I've, — I've, DiPasquale, they're Organizations: Service, BI, Savio Realty Ltd, Keaau Development, DiPasquale Locations: Hawaii, Paradise, California

☆ Why auction houses are embracing luxury — and celebrity — fashion
▼ + stars: | 2024-04-25 | by ( Joan Kennedy | ) edition.cnn.com time to read: +8 min

(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.

Persons: —, Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, ”, Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, ’, Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, “, Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia

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