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How to avoid the 'survivor's penalty' before a spouse passes
  + stars: | 2024-03-18 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +4 min
Jessie Casson | Digitalvision | Getty ImagesIt's hard to lose a spouse, and a costly surprise makes it even more difficult, especially for older women — higher taxes. watch nowTypically, the surviving spouse inherits the deceased spouse's individual retirement accounts, and so-called required minimum distributions are about the same. But the surviving spouse now faces higher tax brackets, Gagliardi said. Spouses may consider partial Roth IRA conversions, which transfers part of pretax or nondeductible IRA funds to a Roth IRA for future tax-free growth, Jastrem said. Check investment accountsIt's always important to keep account ownership and beneficiaries updated, and failing to plan could be costly for the surviving spouse, Jastrem said.
Persons: Jessie Casson, Digitalvision, Edward Jastrem, , Donald Trump's, George Gagliardi, Gagliardi, Roth, Jastrem Organizations: Getty, Centers for Disease Control, Heritage Financial Services, CNBC, Coromandel Wealth Management, Wealth Locations: Westwood , Massachusetts, Lexington , Massachusetts
AI was very popular, but most panels failed to discuss the consThe harmful impacts of AI dominated the conversation among creators at SXSW. Related storiesIn a session titled "AI in Video: Revolutionizing or Replacing Creators," Vimeo product executive Zohar Dayan's presentation similarly focused on the technology's benefits. Talk of a TikTok ban? Employees and creators are 'bored' of itOutside SXSW, the conversation has picked up about a potential TikTok ban in the US , but there was radio silence about it in Austin among the TikTok employees and creators I met. "We're so bored of that topic, honestly," said two TikTok employees, who spoke on condition of anonymity out of concern about facing repercussions from their employer.
Persons: Cassey Ho, OpenAI's, Peter Deng, Deng, Zohar, Dan Whateley, they've, Kahlil Greene, he's, Jerry Won, Justin Nguyen, Mylen Yamamoto Tansingco, Sam Li, Sean Kim, Sam Yam, Austin Hilton, Tumi Brooks Organizations: Southwest, Delta Air Lines, Business, IBM, SXSW, Snapchat, Pershing House, Talent, Austin, Austin Hilton Hotel, Convention Locations: Austin, Australia, China, member's, TikTok, Netflix's, Singapore
It's still not easy for me to admit it, but that night I used my pain to feed my professional ambition. In a previous job, burnout nearly killed me, and I vowed to never let ambition swallow me again. There's a fine line between the motivation needed to build a successful career and the uncontrolled ambition that ends in burnout. As I unpacked this predicament in therapy, I began to wonder: How did ambition become such a force in our world? In the ancient world, ambition was seen as a curse.
Persons: I'd, It's, I've, Cicero, Seneca, William Casey King, Virtue, shrewdly, King, don't, They're, wasn't, he'd, Coke, Ambition, , I'm, Gabor Maté, Mark L, There's, unethically, India's Organizations: Oxford, New York Times, Guardian Locations: hustling, India, New Delhi
Read previewAcross eight episodes, the second season of Ryan Murphy's "Feud: Capote vs. Truman Capote (Tom Hollander) and Joanne Carson (Molly Ringwald) in "Feud: Capote Vs. According to PBS, Capote's official death certificate attributed his death to "liver disease complicated by phlebitis and multiple drug intoxication." According to Plimpton, a search for what the key unlocked was carried out after Capote's death, but nothing was found. AdvertisementThe finale of "Feud: Capote vs.
Persons: , Ryan Murphy's, Truman Capote, Tom Hollander, Capote, Ann Woodward, Laurence Leamer's, Jon Robin Baitz, Joanne Carson, Molly Ringwald, Johnny Carson, Jane Baxter, Carson, Truman, Stanley Siegal, Siegel, Katharine, Kay, Graham, Harry Benson, Gary Settle, George Plimpton's, Plimpton, Joseph M, Fox Organizations: Service, Business, Los Angeles Times, PBS, Random, La, Basque, New York Public Library, New York Times Co Locations: New York, Manhattan, Kansas, Palm Springs , California
Palestinians told CNN the war has crushed hopes of observing a peaceful month of fasting, festivities and worship this year. “Many of our friends and loved ones were buried alive under the rubble,” Mohammed Hamouda, a displaced health worker in Rafah, told CNN. “There are many people who (already) fast like it’s Ramadan,” he told CNN in late February, as the celebrations approached. Palestinians told CNN they resort to eating water-based soup mixed with herbs, custard or finger-sized biscuits because they have no access to nutrient-rich foods. I don’t remember.”Muslims in Gaza told CNN they are determined to perform daily rituals to try and find moments of relief among colossal devastation.
Persons: it’s, ” Aseel, Israel, ” Mohammed Hamouda, ” Rasmi Abu, , Mohammed Talatene, Ahmad Hijazi, Al Barakat, reigniting, Hamouda, Belal Khaled, Jihad Abu Watfa, Ali Jadallah, Al Shati, Khader, AbdulQader, ” Ahmed Zaida, hafiz, Said Khatib, Akbar ’ Organizations: CNN, Hamas, Ministry of Health, AFP, Getty, , Israel Defense Forces, UN, Wafa, Endowments, Religious Affairs, Residents Locations: Deir al, Gaza, Rafah, Gaza City, Territories, Farouq, Junaina, Israeli, Hamad, Israel, Hamouda, Beit Lahia, , Anadolu, Sheikh Radwan, , AFP
You may have spotted stars including Billie Eilish and Mark Ruffalo wearing red pins at the 2024 Oscars. Mark Ruffalo and Rami Youssef also spoke out against the ongoing conflict on the Oscars' red carpet. AdvertisementStars including Billie Eilish and Mark Ruffalo wore red pins to the 2024 Oscars to show their support for a cease-fire in Gaza. "Anatomy of a Fall" stars Milo Machado-Graner and Swann Arlaud also wore pins to the Oscars, but theirs featured the Palestinian flag. "Poor Things" Mark Ruffalo and Ramy Youssef with their red pins at the 2024 Oscars.
Persons: Billie Eilish, Mark Ruffalo, Rami Youssef, , Israel, Artist4Ceasefire, Bradley Cooper, Florence Pugh, Kirsten Dunst, Mahershala Ali, Ava DuVernay, Eugene Lee Yang, Caroline Polachek, Ramy Youssef, Eilish, Finneas, Misan Harriman, Kaouther Ben Hania, Milo Machado, Graner, Swann Arlaud, Jonathan Glazer, Ruffalo, Rodin Eckenroth, Youssef, , qxqSOgif3j Organizations: Service, Guild, America, Los Angeles Times, Dolby Theatre, Variety Locations: Gaza, Israel, Palestine, Southern Israel, Dua Lipa, Los Angeles, Highland
If you're conscious of holding on to your muscle during Ramadan, Abdalla recommends limiting cardio to twice a week and, like him, doing it after iftar. AdvertisementIf you want to do heavy weight training, Abdalla advises doing so early in the morning before suhoor (sunrise), so you can refuel properly afterward. Your fitness levels and physique may change temporarilyIt's important to be realistic — given your lifestyle changes during Ramadan, your fitness levels likely will too. Faisal AbdallaYou can maintain your weightWhile some people are worried about gaining weight during Ramadan, others tend to lose it. "If anything, people tend to lose weight, especially in these warmer months where the window for eating is significantly smaller.
Persons: , Ramadan, Faisal Abdalla, Abdalla, there's, I've, Juliana Campos, Abu, Campos, they're, they've, it's Organizations: Service, Business, BI, PBs Locations: London, Abu Dhabi
Officials saw the crescent moon Sunday night in Saudi Arabia, home to the holiest sites in Islam, marking the start of the holy fasting month of Ramadan for many of the world's 1.8 billion Muslims. Saudi state television reported that authorities there saw the crescent moon. However, there are some Asia-Pacific countries like Australia, Brunei, Indonesia, Malaysia and Singapore, that will begin Ramadan on Tuesday after failing to see the crescent moon. In Saudi Arabia, the kingdom had been urging the public to watch the skies from Sunday night in preparation for the sighting of the crescent moon. The Palestinian territories will begin Ramadan on Monday as well.
Persons: Jordan, Saudi King Salman, Ayatollah Ali Khamenei, Ramadan, Robabeh, it's, Prophet Muhammad, Israel, Jerusalem's Organizations: Iran's, Hamas, Islamic Locations: Musyari'in, Jakarta, Indonesia, Saudi Arabia, Islam, Saudi, Iraq, Syria, Egypt, Asia, Pacific, Australia, Brunei, Malaysia, Singapore, Oman, Israel, Gaza, Palestine, Mecca, Iran, Tehran, Persian, Nowruz, U.S, Jerusalem's Al, Aqsa, Sudan
The American workplace has undeniably changed since 2020 and the start of the pandemic. A company job is no longer the dream. Their day jobs are treated like situations to get out of to find real business potential. The American dream — of upward mobility, individual prosperity and success — in 2024 anyway, is not a result of traditional employment. “I don’t go to sleep,” one of the contestants says of how she balances her day job and her hustle.
Persons: Elena Sheppard, , Ashley Graham, Emma Grede, teetering, Gerde, Graham, Sheppard, Gen, , “ It’s, “ I’ve, it’s Organizations: Cuban, Martin’s Press, CNN, Good, Grede Locations: Cuban Diaspora, St, American
Former President Donald Trump and his allies on the Republican National Committee want to convince Tesla and SpaceX CEO Elon Musk to speak at the GOP convention in July, people familiar with the matter told CNBC. It is not clear if Trump or his allies have raised the idea with Musk. Musk previously voiced support for the Republican presidential candidacy of Florida Gov. "He said the other day, 'Oh, I've never voted for a Republican,' " Trump said at that rally. Thiel also said in that interview that Trump's presidential administration, which spanned January 2017 to January 2021, was "crazier" and "more dangerous than I thought."
Persons: Trump, Steve Bannon, Donald Trump, Elon Musk, Tesla, Joe Biden, sitdown, Nikki Haley, Trump's, Peter Thiel, Ronna McDaniel, Michael Whatley, Musk, Lara Trump, Biden, Ron DeSantis, Robert F, Kennedy Jr, I've, Musk baselessly, Thiel, Trump . Thiel Organizations: SpaceX, Tesla, Washington , DC, Republican National Committee, GOP, CNBC, Republican, Trump, Super, PayPal, Republican National Convention, RNC, Representatives, Florida Gov, Trump White, Democrats, U.S, Capitol, Truth, Biden, Facebook, Trump . Locations: Washington ,, Milwaukee , Wisconsin, Palm Beach , Florida, Carolina, Florida, United States, Paris, Texas, Georgia
Shop at Amazon Shop at Walmart What we like Check mark icon A check mark. Shop at Amazon Shop at Hatch What we like Check mark icon A check mark. Shop at Amazon Shop at Best Buy Shop at Casper What we like Check mark icon A check mark. What to look for in sunrise alarm clocksSunrise alarm clocks are a bit different from traditional alarm clocks, so there are certain features you want to consider before purchasing one. How we tested sunrise alarm clocksWe used each alarm for at least three days to test their features and performance.
Persons: Chris Winter, Hatch, Suzy Hernandez, I've, Philips, Jenny McGrath, It's, it's, Alex Dimitriu, William Winter, Dimitriu, Kelly Waters Organizations: Business, Charlottesville Neurology, Sleep, Philips, Amazon, Shop, Bluetooth, Walmart, Smart, Menlo Park Psychiatry, Eastern Psychological Association, SleepScore Labs, Spectrum Health Locations: Charlottesville, Nepal, Casper
An hour of the day will be unceremoniously snatched away on Sunday as we “spring forward” to daylight saving time. Last year, my research team showed that standard time leads to far more vehicles colliding with deer. Vehicle strikes already kill millions of wild animals each year, and collisions with deer are the best documented because they are so common and damaging. But traffic volumes are higher in the evening, and it’s hard for us to see things in the dark. The hour-earlier sunset that comes with standard time is thus an expensive, traumatic way to control the deer population.
Persons: It’s, it’s Organizations: Protection Locations: Maine, West, United States
“It will probably get dirty — maybe it wasn’t the best choice,” Ms. Love said at the time. Last year’s champagne carpet — the first time in more than six decades that the academy’s arrival rug was not red — was part of a trend of colorful carpets that have swept premieres, galas and award ceremonies across the country in recent years. See the Emmys (gray) and the world premiere of “Barbie” in Los Angeles in July (pink, obviously). Red carpets have been a staple at premieres and galas since 1922, when the showman Sid Grauman rolled one out for the 1922 premiere of “Robin Hood,” which starred Douglas Fairbanks, at the Egyptian Theater in Hollywood. The Oscars adopted it beginning with the 1961 ceremony, and, ever since, the special shade — known as Academy Red — has been instantly recognizable in photos.
Persons: , , Love, Ms, galas, “ Barbie ”, Sid Grauman, “ Robin Hood, Douglas Fairbanks, Organizations: Times Locations: Los Angeles, Hollywood
Tesla CEO Elon Musk met with former President Donald Trump on Sunday in Palm Beach, Florida, along with unnamed wealthy Republican donors, the New York Times reported, citing three people briefed on the meeting. Private jets belonging to Trump and Musk were spotted landing within less than an hour of one another at a Palm Beach airport on March 2. Musk, who owns X and runs defense contractor SpaceX in addition to Tesla, didn't endorse Trump in his 2016 or 2020 campaigns. In 2022, Trump called Musk a "bull---- artist," claiming that the Tesla CEO said he voted for Trump in private conversations between them. In November 2022, after Musk bought Twitter with the assistance of funding from Saudi Arabia, President Biden was asked whether Musk was a potential threat to national security.
Persons: Elon Musk, Donald Trump, Trump, Joe Biden, It's, didn't, Elon, Musk, Biden, Tesla, Mayra Flores, he's, He's, Ron DeSantis, DeSantis, Nikki Haley, who's, Marty O'Donnell, Jeremy Sylestine Organizations: New York Times, Trump, White, SpaceX, Republican, White House, Twitter, Florida Gov, New, Biden, Congress Locations: Palm Beach , Florida, Palm, Paris, Texas, Saudi Arabia, New Hampshire, U.S, Nevada, Austin , Texas
He saved a lot of his paycheck and earned relocation bonuses for moving from city to city in the US. Lukin has moved to Quebec City, where his rent is about $500 a month and he can afford to go out. Basically, you don't necessarily have to be broke or be "frupid" — when you make stupid decisions just to save money and it backfires. I visited Quebec City to do some apartment hunting and just absolutely fell in love. When my lease in Toronto ended in September 2021, I packed everything up into a U-Haul trailer, sold my car, and moved to Quebec City.
Persons: Grigory Lukin, Lukin, , It's, Tim Ferriss, Kia, it's Organizations: Quebec City, Service, FIRE, Amazon, Brexit — Locations: Quebec, Russia, Seattle, Lukin, California, Reno, Las Vegas, Fort Worth and Tampa, Fort Worth, Tampa, Brexit, Brexit — Poland, Canada, Australia, Toronto, Quebec City, United States, British Columbia
Courtesy of Kate BoardmanI've always enjoyed sharing my adventures and experiences, and capturing my life through photos and videos to show the world. Kate Boardman at the summit of Mt. AdvertisementGenerally, I feel quite safe when I'm traveling. Kate Boardman in Australia. Courtesy of Kate BoardmanThrough my content, I hope to show people that the world is not a scary place.
Persons: , Kate Boardman, There's, I've, Kate Boardman I've, It's, Aphantasia, Boardman, Chiang Rai, You've, I'm, it's Organizations: Service, Business, Roger Williams University, White Locations: Massachusetts, Vietnam, Australia, Guatemala, Bahrain, Germany, France, Thailand, Indonesia, Luang Prabang, Laos, Mexico, Cancun, Rio Dulce , Guatemala, Rhode Island, Bali, Cambodia, Mt, Kilimanjaro, Tanzania, Iran, Pink Lake, Kate Boardman Vietnam, Italy, Krabi, I'm
Navigating the byzantine U.S. tax rules and completing your return may be enough of a headache. But you can count on fresh tax stress coming from Washington not far down the road. On Dec. 31, 2025, critical parts of the 2017 federal tax law are scheduled to expire. As if that weren’t complicated enough, the tax code before the 2017 law included provisions for future inflation adjustments — and there has been a lot of inflation over the last few years. These adjustments need to be applied if the law sunsets, as scheduled, making the actual numbers for important things like federal tax brackets difficult to estimate.
Persons: Trump Locations: Washington
My rental in Palm Beach County, Florida, increased dramatically from 2021 to 2023, and it almost became unaffordable for one person. I pay less for my share of the house and have more spaceJohn fell sometime in 2022, and he lived in Daytona Beach, Florida. I began looking in Palm Beach County, and I couldn't touch anything. We also looked in Ormond Beach, Florida, but unfortunately, that didn't work — prices were too high. We looked in Melbourne, Florida, we looked in Palm Bay, we looked in Vero Beach.
Persons: , Elisa Ball, John, We've, would've, Elisa, we're, Lucie, Brad McGinley, I'm, haven't, Ball Organizations: Service, Business Locations: Palm Bay , Florida, America, Palm Beach County , Florida, , Daytona Beach , Florida, Palm Beach County, Jacksonville , Florida, Ormond Beach , Florida, Melbourne , Florida, Palm Bay, Vero Beach, Stuart, Port St, California
CNN —Jamie Lee Curtis sent love to her late friend and former costar, comedian and actor Richard Lewis, who died at his home in Los Angeles on Tuesday. Curtis took to Instagram with a series of pictures of herself with Lewis, writing about their time working together on the sitcom “Anything But Love,” which ran for four seasons from 1989 - 1992. “I’ve just read that my friend Richard Lewis has died. He found love with Joyce and that, of course, besides his sobriety, is what mattered most to him. Rest in laughter, Richard.
Persons: Jamie Lee Curtis, Richard Lewis, Curtis, Lewis, “ I’ve, Marty Gold, , , can’t, snort, Richard, ” Curtis, Richard Frank, John Ritter, Joyce, Marty, Hannah !, Larry David, Lewis “ Organizations: CNN, ABC, Disney Locations: Los Angeles
Chicago's Orange Line "L" train offers an inexpensive yet stunning city tour. The line starts at Midway Airport and goes past popular spots such as the Willis Tower. AdvertisementThough most locals use Chicago's Orange Line to commute to work or Chicago Midway Airport, I think it has so much more to offer visitors and residents alike. As part of Chicago's CTA public-transportation system, the "L" train, or elevated train, only costs $2.50 a ride. It's been 20 years since my first ride on the Orange Line, but a sense of pride and amazement still fills me every time I board the train.
Persons: Willis, Roosevelt, Organizations: Airport, Quincy, Service, Chicago Midway Airport, Chicago's CTA, Business Locations: Chicago's, It's
Senate Minority Leader Mitch McConnell will step down as GOP leader in November, the Kentucky Republican announced on the Senate floor Wednesday, marking the end of an era on Capitol Hill and setting up a high-stakes race for his successor. He will continue to serve in the US Senate but will allow “the next generation of leadership” to take the helm of the Senate Republican Conference. In 2023, McConnell became the longest-serving Senate party leader in history. McConnell on Wednesday said his decision to step down came following the death of his wife Elaine Chao’s youngest sister, Angela, in a traffic accident earlier this month. Mitch McConnell speaks on the Senate floor on Wednesday.
Persons: Mitch McConnell, , McConnell, ” McConnell, , Chuck Schumer, Republican Sen, Lisa Murkowski, Elaine Chao’s, Angela, they’ve, CNN’s Dana Bash, Kristin Wilson Organizations: Kentucky Republican, Capitol, Senate Republican Conference, Senate, Republican, Kentucky Locations: Washington ,, New York, Alaska
Leap Day is February 29. Without leap years, December would drift into summer in 400 years. We get a bonus day on Thursday — Leap Day, February 29 — to keep the seasons in check. O'Donoghue's animation reveals what would happen if we didn't have leap years — after 400 years, our calendar months would drift into new seasons. That extra quarter of a day, of course, adds up to one full day of drift every four years.
Persons: , James O'Donoghue, O'Donoghue, Shayanne Organizations: Service, NASA, JAXA
The expansion of government-subsidized housing loans meant that cheap space was also easy to come by, as New York had a then-ample stock of residential and industrial buildings. But the city has always romanticized artist-dominated buildings, the kinds of communal spaces in which every unit might be home to an artist’s studio (and sometimes, unofficially, their residences, too). In an almost unheard-of feat of perseverance, the same artist, Don Dudley, 93, has been working out of this loft since 1971. So artists have had to create a kind of whisper network to withstand New York’s unimpeachable forward march, which the art market has, ironically, enabled. Most of them are temporary fixes before an artist — who’s grown out, or been priced out, of their space — has to move on.
Persons: Bill, Don Dudley, What’s, it’s, — who’s Organizations: Veterans, Pop Art, Brooklyn Army, Financial, Artists Locations: Europe, Paris, New York, York, Sunset, Williamsburg , Brooklyn, Ridgewood , Queens, TriBeCa, , Manhattan, Brooklyn, Queens
Road trips are the ultimate symbol of freedom, discovery, and the boundless beauty of the US. As a travel expert, I believe these three incredible routes are the best if you're looking to go on an amazing road trip experience with your own family. AdvertisementTake a road trip through ArizonaFrom majestic mountains to captivating canyons, Arizona's glorious scenery cannot be fully realized by visiting just one destination. For a rush of adrenaline, set out on a whitewater rafting excursion with companies like Advantage Grand Canyon. Families can also take a boat cruise on Lake Powell and visit the Glen Canyon Dam.
Persons: I've, Dana Point, Battery, Taryn White, Coyote, Lake Powell Organizations: Business, Santa Barbara Zoo, San Luis Obispo, Aquarium, California Academy of Sciences, Roanoke Star, Biltmore Estate, River Arts, Asheville Museum of Science, North Carolina Arboretum, Biltmore, Asheville Glamping, Railway Locations: California, Dana, Los Angeles, San Francisco, Santa Barbara, Ellwood, San Luis, Big, Carmel, Monterey, Golden, Battery Spencer, Virginia, North Carolina, North Carolina ., Shenandoah, Smoky, Crabtree Falls . Roanoke, Mountain, Meadows, Dan ,, Asheville, River Arts District, Bohemian, Arizona, Phoenix, Sedona, Boynton Canyon, Grand, El Tovar, Williams, Bend, Lake Powell
Catapulting off an aircraft carrier is a sharp, jarring experience even more intense than the landing, and I recently experienced this firsthand in a US Navy C-2 Greyhound. Jake Epstein/Business InsiderThere were a couple of very small windows on the aging Greyhound, but they were behind me, mostly out of sight. Jake Epstein/Business InsiderAside from facing the wrong way, taking off from Bahrain felt a lot like any other commercial flight I've ever been on. AdvertisementMy first look at the flight deck after landing on the USS Dwight D. Eisenhower. Jake Epstein/Business InsiderSuddenly, we shot up at a force that felt far greater than the catapult launch, gaining a lot of altitude in a quick spurt.
Persons: , Dwight D, Eisenhower, Houthi, Ike, Jake Epstein, rocketing Organizations: Service, US, Greyhound, Grumman, Navy Locations: US Navy, Bahrain, Red, Iran, Yemen
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