Author: Arabian Media staff
Retirement advice tends to focus on families with children, including balancing the costs of raising kids and putting them through college while saving enough for retirement. But not every couple has kids. Dual-income, no kids (DINK) households have two incomes and no children. Your retirement strategy might differ from the average couple if you’re a DINK because some of the standard rules about retirement planning don’t apply. Key Takeaways “Dual income, no kids” is a phrase used to describe households with two incomes and no children.DINKs tend to have higher disposable incomes, in part because they don’t have the expenses…
Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.Movie fans flocked to see Disney’s Lilo and Stitch and the eighth instalment of Paramount’s Mission: Impossible franchise, giving Hollywood hope for a return to box office growth after years of disappointment.Cinemas in North America raked in more than $260mn through Sunday, setting a record for Memorial Day bank holiday, considered the start of the US summer movie season. The performance marked a 20 per cent improvement from last year’s dismal showing, one of the worst Memorial Day weekends ever.The strong weekend results…
Repo vs. Reverse Repo: An Overview The repurchase agreement (repo or RP) and the reverse repo agreement (RRP) are two key tools used by many large financial institutions, banks, and some businesses. These short-term agreements provide temporary lending opportunities that help to fund ongoing operations. The Federal Reserve also uses the repo and RRP as a method to control the money supply. Essentially, repos and reverse repos are two sides of the same coin—or rather, transaction—reflecting the role of each party. A repo is an agreement between parties where a buyer agrees to temporarily purchase a basket or group of…
The Old Age, Survivors, and Disability Insurance (OASDI) tax, more commonly referred to as the Social Security tax, is calculated as a percentage of a worker’s income. The tax is deducted from employee paychecks. For self-employed people, they’re included in quarterly tax payments. Employers pay a matching share of each employee’s tax. Self-employed people pay double as both employer and employee. Employees and employers each pay a Social Security tax rate of 6.2% of employee compensation for a total of 12.4% as of the 2024 tax year. Those who are self-employed are responsible for the full 12.4%. Key Takeaways The…
When the federal government calculates how much Supplemental Security Income (SSI) you will receive, it considers your living arrangements. Here’s the basic math. If you live in a house or apartment that you own and pay your own food and shelter costs, you will get the full SSI benefit. Buying a home will not cause you to lose your SSI. If you live in a place owned by someone else, you’ll still get the maximum amount as long as you pay your own food and shelter costs. Your SSI benefits may be reduced if your shelter and food costs are…
Donor-advised funds (DAFs) can be a great way for you to reach your philanthropic goals. These funds are administered by charities and handle large donations on behalf of individuals, families, or organizations. There are several things you need to consider before choosing the right DAF, including the sponsor, the fees, and the grantmaking abilities they offer. Key Takeaways A donor-advised fund (DAF) allows you to donate assets, get immediate tax benefits, and make recommendations on how funds are distributed.DAFs make a long-term impact, give you flexibility, and make charitable giving easy to manage.Research sponsors and fees, investment options, and the…
This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters hereHello and welcome to the working week.Us Brits (like our American cousins) will begin the next seven days with a holiday. But not King Charles. He’s got work to do in one of his other realms and there is a lot of local excitement about this. Charles is going to make history by becoming the first reigning monarch this century (and the first in 50 years) to address the state opening…
Just as investors thought they could take a break from tariff scares, President Trump’s threats of new levies against the EU and Apple threw trade tensions back into focus ahead of a long holiday weekend. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US oil companies are cutting spending and idling drilling rigs, as Donald Trump’s tariffs increase costs and falling crude prices squeeze profits, prompting executives to warn that a decade-long shale boom is ending.Surprise decisions by the Opec+ cartel to pump more oil have compounded the gloom across the US oil patch, sparking fears of a new price war and prompting analysts to cut output forecasts.“We’re on high alert at this point,” Clay Gaspar, chief executive officer at Devon Energy in Oklahoma City,…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldUS pressure on Latin America to cut trade with China could lead to economic disaster because the region is so dependent on trade with Beijing, according to the outgoing head of the main political forum grouping 35 nations across the Americas. Luis Almagro, secretary-general of the Organisation of American States for the past decade, told the Financial Times in an interview ahead of his departure on May 25 that trade with China was essential.“China is the biggest or second biggest…