Category: Finance

According to an article in Friday’s New York Times, Vitaly Borker is back in prison. Infamous for a previous business venture, DecorMyEyes.com, Borker believes strongly in the tenet that “any press is good press,” which he followed to its logical conclusion, running the business as erratically and counterintuitively as possible to remain in the spotlight. Read… Continue reading When Bad Business Pays Off

In the first 100 days of the Trump administration, one of the main directives given to the transition team was to eliminate two regulations for every new government regulation passed. In addition, the administration used a rarely-utilized loophole known as the Congressional Review Act to target every amendment and regulation passed in the closing months… Continue reading Why the Fiduciary Rule Matters

In one of the strongest signs yet of the long-term effects of the economic recovery, for the first time since 1974, the world’s five largest corporations by market capitalization are both US-based and all in the same sector. While the last two years have been particularly bullish for tech stocks, the broader-market slowdown combined with… Continue reading Surging Tech Stocks Lead In Market Cap

One month ago, amid even higher than normal volatility, Bitcoin underwent a split known as the “hard fork”. While there were myriad technical reasons for this to happen, the most pressing issue was the Bitcoin network being too slow to process the much higher volume of trades developing as cryptocurrency becomes a viable investment. After… Continue reading Should You Care About The “Hard Fork”?

While Medicaid pays for 59% of long-term elder care in the US (its largest category of spending by far), when the program was created it was intended as a “payer of last resort” — a form of insurance that takes over for poor seniors or, as is often the case, senior citizens made poor by… Continue reading Medicaid and Your Estate: What Can Be Saved?

If you have been considering filing for bankruptcy, you’ve probably heard about the “means test,” a requirement for filing Chapter 7 Bankruptcy in US courts. Bankruptcy, by definition, depends on not having enough money to pay off one’s debts, let alone money to save or spend. Therefore it is a function of total net income,… Continue reading What Is the Means Test?

As most of us know, there have been drastic changes to the income tax system taking effect this year, thanks to the Tax Cuts and Jobs Act, otherwise known as the Republican tax reform. This is the first in a series of special articles to guide you through the most important changes, and show you… Continue reading The New Tax Code And You – Deductions

As tax time approaches, there are even more questions than usual this year. With the sweeping changes in tax law that passed in December, what used to be deductible might not be anymore, and what used to be taxed might be taxed differently, or not at all, now. The scariest change for millennials, the removal… Continue reading The New Tax Code And You – Millennials

Like it or not, the gig economy is here to stay, especially for younger workers and job searchers. While, according to a study from Intuit, 34 percent of workers under 30 are working temporary and/or independent contractor jobs at any given time, and statistics from the BLS show about another 10 percent are permanently freelancers… Continue reading Taxes and the Gig Economy

Filing for a personal bankruptcy can be a difficult choice, but millions of people face this decision every year. A significant number of Americans live on the brink, financially, and any emergency can push them over the edge. Declaring bankruptcy means accepting that an individual, couple or business cannot meet its financial obligations and has… Continue reading Is Legal Help Necessary To File A Personal Bankruptcy Claim?