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The deadline for required minimum distributions for the first year is April 1
Ronnie Kaufman | Digital Vision | Getty Images If you turn 72 in 2022, the last chance to withdraw your first mandatory retirement plan is April 1—or you could face a heavy tax penalty. Generally, these annual withdrawals, known as required minimum distributions, or RMDs, must begin by a certain age. Prior to 2020, RMD […]
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The deadline for required minimum distributions for the first year is April 1
If you turn 72 in 2022, the last chance to withdraw your first mandatory retirement plan is April 1 or you could face a 25% tax penalty. While the annual deadline for required minimum distributions is December 31, there is a special exception for the first year, which pushes the due date to April 1. […]
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Sanofi becomes the latest drugmaker to announce insulin price cuts, imposing a cap of $35 on the private insured.
CNN – Sanofi announced Thursday that it is cutting the price of Lantus, the most widely prescribed insulin in the United States, by 78% and capping it at $35 per month for those with private insurance. The change will take effect on January 1. The move follows similar moves by Eli Lilly and Novo Nordisk […]
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Falling bank stocks increase deposit risk, and make few deals
By one metric, bank stocks have given up a quarter-century of gains. Is this a buying opportunity for adverse investors, or a sign of the group’s implosion? Caution is growing, particularly on mid-cap banks, after a string of failures there, including a Twitter-backed deposit at a Silicon Valley bank. “There’s no great place for regional […]
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Medicare enrollees could see lower costs on 27 Part B drugs in April
The 27 drugs that may cost the least to recipients are those whose prices have exceeded inflation rates. The cost savings are due to provisions in the Inflation Reduction Act, which Congress approved last August and also made other changes to prescription drug coverage under Part B and Part D. All of the drugs on […]
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Retail prices for eggs fell in February — but the drop in prices may not last long
Retail prices for eggs fell 7% in February, according to the Consumer Price Index. 12 large first-class eggs cost an average of $4.21, down from $4.82 in January, which was a record. Egg prices soar in 2022 amid a historic outbreak of bird flu. They may remain higher heading into Easter due to generally strong […]
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“I wasn’t born into money”
1. “The Millionaire Next Door: The Surprising Secrets of America’s Wealth” by Dr. Thomas Stanley The late Thomas Stanley collected years of data on millionaire lifestyles. It was found that not all of them inherited their wealth or owned mansions. Instead, they live a modest life while accumulating their fortunes. This book was originally published […]
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Here’s the inflation breakdown for February – in one chart
The consumer price index rose 6% from a year earlier, according to the February inflation report from the US Bureau of Labor Statistics. The annual inflation rate is slowly but surely declining from its pandemic-era peak of over 9%. Inflation started to rise in early 2021 due to the imbalance between supply and demand. It […]
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“I wasn’t born into money”
Steve Adcock retired at the age of 35 in 2016. Photo: Steve Adcock by Dr. Thomas Stanley The late Thomas Stanley collected years of data on millionaire lifestyles. It was found that not all of them inherited their wealth or owned mansions. Instead, they live a modest life while accumulating their fortunes. This book was […]
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Study: These foods increase the risk of dementia — by a lot
ghee. hamburger. sausage. Store-bought pastries, cakes, and cookies. Oh, and soda — sugar or diet. They’re all bad and they all increase your risk of dementia — a lot. So reports to one of the largest and scariest studies ever conducted, involving nearly 60,000 people in their 40s, 50s and 60s. The study, which included […]
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