How to Best Leave an IRA to Charity [0.16]

Posted on Aug. 12, 2017, 11 a.m. by Morningstar Articles @ [source]

Some of the charities are big and some are small churches or 501(c)(3)s. It would make sense to fund the charities' shares with the retirement benefit asset (the IRA) because the charities will pay no income tax on the IRA proceeds, whereas if the individuals' shares are funded with IRA assets their net inheritance will be reduced by income taxes. The client dies and then the charities find out, but the IRA provider won't simply issue the charities a check upon presentation of proper identification and Form W-9.

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Shares of fertilizers companies were in focus, rallied by up to 15% on BSE in intra-day deal, in otherwise subdued market.

Rashtriya Chemicals and Fertilizer (RCF), Nagarjuna Fertilisers, Chambal Fertilisers, & Petrochemicals Corporation and Fertilizers and Chemicals Travancore (FACT) were up more than 4% each.

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Millions of Americans rely on Social Security for financial well-being, and not just senior citizens. The majority of elderly Americans receive more than half of their income from Social Security, and 21% of elderly married couples and 43% of elderly singles receive nearly all of their income from their Social Security benefits.

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Capital gains tax evasion under CBI scanner [0.09]

Posted on June 20, 2017, 6:47 p.m. by Markets @ [source]

The (CBI) is probing if any government officials were involved in misusing stock exchange platforms to benefit from the long-term tax (LTCG) exemption.

This comes at a time the income tax (I-T) department is probing the entities which had allegedly misused provisions to evade taxes worth Rs 34,000 crore.Gains made from the sale of shares held for more than a year are exempt from taxes.According to sources, the is trying to gather information if any government official made any undue gains by being the end-beneficiaries.

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ETF Trends: US Indices & Styles – 4/24/17 [0.23]

Posted on April 24, 2017, 2:57 p.m. by Bespoke Investment Goup @ [source]

European equity ETFs have surged with the favorable resort from the French election last night.

Bespoke provides Bespoke Premium and Bespoke Institutional members with a daily ETF Trends report that highlights proprietary trend and timing scores for more than 200 widely followed ETFs across all asset classes.

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Countless Americans rely on Social Security to pay the bills in retirement -- perhaps a little too heavily. Though Social Security is only supposed to replace about 40% of the typical worker's previous earnings, an estimated 21% of married beneficiaries and 43% of single beneficiaries aged 65 and over depend on those benefits to provide 90% or more of their retirement income.

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Social Security, which is arguably America's most important social program for seniors, is on the precipice of being in deep trouble. However, by 2020, according to the Social Security Board of Trustees' 2016 report, the program will begin divvying out more money to beneficiaries than it's bringing in each year.

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Top 5 Myths About Medicare [0.01]

Posted on March 24, 2017, 9:20 p.m. by ValueWalk @ [source]

Google Trends data shows Health Care queries in the US is a reaching an all-time high in search engines (peaking at over 100k search volume). As health care changes are currently being discussed by lawmakers, Medicare coverage searches having increased over 250% within the last 7 days.

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More than 150 law firms across the country sent a letter to White House budget director Mick Mulvaney on Thursday, urging him not to propose the elimination of federal funding for the Legal Services Corporation.

LSC provides grants to nonprofits nationwide that in turn provide civil legal aid to those who otherwise can't afford it.

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After today, any lingering doubts about what moves the market—namely, talk of tax reform—should be laid to rest.

The S&P 500 Index moved almost 8 points in the hour after President Donald Trumpsaid he would have the outlines of a tax reform package in a couple weeks.

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Amidst a massive crackdown on black money and tax evasion, market regulator Sebi on January 14 will take up the misuse of Long Term Capital Gains (LTCG) and stock price manipulation at its first board meeting since Prime Minister Narendra Modi announced demonetisation on November 8.Sources say that the Sebi board will be apprised on the course of action taken on this issue, and that nearly 32,000 entities are under the scanner of both Sebi and the tax department for rampant misuse of long term capital gains and short term capital loss to evade taxes.The market regulator is believed to have decided to enforce Section 11B of the Sebi Act in cases of stock price manipulation against listed companies, their whole time directors and other entities involved in such trades. Section 11B empowers Sebi to pass directions to any entity or person to protect the interest of the securities market, and that includes issuing of bans, disgorgement and the attachment of sale proceeds.The tax department has flagged off two methods being deployed by beneficiaries of bogus long term capital gains.

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America’s Best (and Worst) Banks of 2016 [0.08]

Posted on Dec. 14, 2016, 2:40 p.m. by 24/7 Wall St. @ [source]

Since the November elections, the S&P Banks Select Industry Index has risen slightly more than 26%.

But while investors are cheering, consumers may be less enthusiastic about banks.

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