Author: Arabian Media staff
When Hurricane Ida hit New Jersey in 2021, Maureen Black’s sump pump failed and her basement filled with water. She immediately called her insurer, expecting to use her $5,000 coverage for sump pump failures. But while Black maintained that the sump pump failed, she noticed the adjuster kept repeating that the basement had flooded. “I felt like she was trying to trick me,” said Black, a paralegal manager and director of legal operations for People Inc. “I got the sense she was trying to get me to say ‘flood’ so she wouldn’t have to cover it.” She was right to…
The world will move on without the U.S. at the center, and Americans’ living standards will suffer. Source link
Tax-loss harvesting with exchange-traded funds (ETFs) is a valuable tool that can benefit clients, potentially produce tax alpha (or increased after-tax returns), and support them through higher-income tax years. Key Takeaways Tax-loss harvesting with ETFs can create tax alpha by offsetting capital gains and reducing tax drag.ETFs are ideal for tax-loss harvesting due to their low turnover, intraday trading, and flexibility in finding similar yet nonidentical replacements that maintain market exposure.The most impactful tax-loss harvesting occurs in years when clients plan to sell highly appreciated investments, helping to reduce tax consequences and support diversification goals.Systematizing tax-loss harvesting through workflows, client…
Suddenly being laid off from a job is a shock to your life and to your finances. But there are key things you can do to protect yourself. “Being laid off is never easy. The loss of income, daily structure, and sense of stability can be deeply unsettling. And yet, there are several immediate steps people can take to regain control and protect their financial future during this difficult transition,” said Trevor Ausen, a certified financial planner and founder of Authentic Life Financial Planning. Here are seven things to do to protect your finances after a layoff. Review a Severance…
If you’re retired or living on passive income, you have every reason to be grateful to the Federal Reserve chair. Source link
The Federal Reserve won’t cut interest rates until it sees how inflation and job creation respond to higher tariffs. The next big bite of the apple arrives on Friday with the July employment report. Here’s what to expect. Source link
Carvana’s “convenience factor” is only going to grow, and the stock is zooming to a record on Thursday. Source link
Platforms like TikTok Shop can feature counterfeit goods and unreliable sellers. Here’s how to shop responsibly. Source link
Microsoft showed that it’s monetizing AI and still can’t meet all the demand for its cloud business. Source link
The National Weather Service issued tsunami warnings in Hawaii, Alaska, and parts of the West Coast Tuesday evening and Wednesday morning after an earthquake struck off the east coast of Russia. A tsunami is a series of unusually long waves caused by earthquakes at the bottom of the ocean. Waves reached as high as 5.7 feet above normal sea level in Hawaii, causing minor flooding, but there were no reports of significant damage in the U.S. If the tsunami had been worse, thousands of homeowners could have been financially devastated. That’s because standard homeowners insurance excludes tsunamis and earthquakes. Tsunamis…