3 simple steps to help protect your legacy Lived with integrity. Genuinely cared for others. Always did what’s right.
At the end of our lives, if this is how others we care about talk about us, we’ve done our job. Right? Absolutely, but the story doesn’t end here.
In a recent survey commissioned by Massachusetts Mutual Life Insurance Company (MassMutual), we learned that many people have an opportunity to take some additional simple steps to align their actions with their values and aspirations when it comes to the legacy that they wish to leave.
For example, more than half (53%) indicated that they want to be remembered for being a great mom, dad, daughter or son. (You’d think this would be higher? Me too.) However, 3 out of 5 indicated that they do not have a will and 2 out of 5 have not documented their financial information.
Add to the equation: Americans are woefully underinsured and many parents are leaving their children unprotected against financial loss stemming from the ..
Highflying tech stocks hammered by China fears Some of the hottest technology stocks on the market suffered a sudden reversal Monday morning, amid reports of new efforts to block Chinese investment in and sales to U.S. tech firms.
While stocks were largely awash in red in early Monday trading, tech seemed especially weak, with the Nasdaq Composite Index COMP, -2.14% suffering more than the S&P 500 index SPX, -1.46% and the Dow Jones Industrial Average DJIA, -1.42% Some of the largest declines came from chip stocks and Chinese internet companies, which could be affected by a reported plan by President Donald Trump’s administration to establish stricter rules for Chinese investment in U.S. tech firms and exports of technology like semiconductors.
Treasury Secretary Steven Mnuchin added to the pressure when he said in a midmorning tweet that a coming announcement from the administration would not be specific to China, but rather would apply to “all countries that are trying to steal our..
Yes, commuters can still save money under the new tax law Our beloved elected representatives in Washington established some nice tax breaks for transportation-related employee fringe benefits. They are intended to encourage you to give up your evil, gas-guzzling, pollution-spewing vehicle when commuting to work. If your employer still offers these tax-favored fringes, you should probably take advantage by signing up. But after an unfavorable change included in the Tax Cuts and Jobs Act (TCJA), your company may have pulled the plug on these goodies.
Your company may still provide moving allowances to cover job-related relocation expenses. But the TCJA eliminates tax-free treatment for these allowances.
Here are the details on how the new tax law treats these fringe benefits. Unlike most of the TCJA changes affecting individuals, it’s not good news.
Transportation benefits: Still favorable tax treatment for you, but no more deductions for your employer The transportation fringe be..