Update 2:10 p.m. Friday, Aug. 13, 2021: This story has been updated with responses from Penn State President Eric Barron and Board of Trustees leadership. Penn State’s Faculty Senate voted Friday to pass a vote of no confidence in the university’s fall semester planning amid the COVID-19 pandemic. The organization’s vote of no confidence passed 109-57. A separate vote urging … [Read more...] about Faculty Senate Passes Vote of No Confidence in Penn State’s Fall COVID-19 Plans
Tax Saving Tips for the Rest of the Year
The year is already halfway over, but it’s never too early to start thinking about ways to reduce your tax bill. Early planning can help make a significant difference in what you will owe come tax time. Here are some options to consider when preparing to reduce your taxes.Review your tax withholdingIf you work for an employer, you will have completed a W-4 form. This advises … [Read more...] about Tax Saving Tips for the Rest of the Year
News and analysis for those planning for or living in retirement
From MarketWatch: I’m 33, earning $120,000 in tech, want to retire at 40, but have expensive medical needs — how can I achieve financial independence?: Financial independence is a great goal, but there’s a lot to consider — especially when health care is a concern. Large Social Security COLA may spark debate about appropriate index: The cost-of-living adjustment … [Read more...] about News and analysis for those planning for or living in retirement
What is the new child credit for 2021? – The Oakland Press
Q: What is the new child credit for 2021? A: Each child will receive a $3,600 credit if under age 6 and $3,000 if age 6 to 17. Families will get advance credits in their bank accounts starting July 15th at a rate of $300 per month if the child is under age 6 or $250 per month if age 6 or older. The advance payments will total 1/2 of the child credit and the other 1/2 will be … [Read more...] about What is the new child credit for 2021? – The Oakland Press
Certified votes show Taylor councilman’s write-in campaign a success – The News Herald
The Aug. 3 primary election results have been certified and now it’s clear who made the cut for Taylor City Council — and how one candidate’s write-in campaign affected the outcome. A field of 16 candidates were on the ballot for council, along with three write-in candidates. The results, certified by the Wayne County Board of Canvassers, show the top 14 candidates moving on to … [Read more...] about Certified votes show Taylor councilman’s write-in campaign a success – The News Herald
Our Retirement System Isn’t Working the Way It Once Did | Harrison Fiduciary Group, LLC
Years ago, people could rely on their company’s pension plan to provide a comfortable retirement, but those days are long gone. The newer defined contribution system shifted the burden of planning for, and funding retirement, away from corporations and placed it squarely on the shoulders of American workers. You could argue that it’s not enough, but you can’t argue that there … [Read more...] about Our Retirement System Isn’t Working the Way It Once Did | Harrison Fiduciary Group, LLC
Certified votes show Taylor councilman’s write-in campaign a success – The News Herald
The Aug. 3 primary election results have been certified and now it is clear exactly who made the cut for Taylor City Council, and how many votes write-in candidates had in the council and mayoral races. A field of 16 candidates were on the ballot for council, and the race included three write-ins. The results, certified by the Wayne County Board of Canvassers, show the top 14 … [Read more...] about Certified votes show Taylor councilman’s write-in campaign a success – The News Herald
IRA Withdrawal For Home Purchase
Withdrawing From A Traditional IRA: How It Works, Penalty Exemptions And Drawbacks Traditional IRAs are funded with pretax or tax deductible dollars, meaning that you don’t pay taxes on the income that you put into your IRA. When you retire and begin taking money out of the account, you’ll pay regular income tax on your withdrawals (also called distributions). Basically, with a … [Read more...] about IRA Withdrawal For Home Purchase
6 lessons physicians can benefit from on Financial Awareness Day
National Financial Awareness Day (August 14) is almost upon us. What better way to celebrate than to come up with a few financial strategies that could save you thousands in the long run?ADVERTISEMENT -SCROLL TO KEEP READINGMedical school taught you a great deal, but while you’ve been meticulously trained to manage any case that comes your way, you may not have received the … [Read more...] about 6 lessons physicians can benefit from on Financial Awareness Day
4 cash-raising pitfalls (and better options)
If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead.Beware raiding a retirement planA big chunk of the money contributed to retirement plans leaks out as hardship withdrawals, … [Read more...] about 4 cash-raising pitfalls (and better options)