Once You Earn This Much, You Face a Big Tax Bill on Your Social Security Benefits
Quick Read
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Social Security benefits become taxable when provisional income exceeds $25,000 for single filers or $32,000 for married joint filers.
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Up to 50% of benefits are ktaxed at once provisional income is $25,000 for single filers and $32,000 for married joint filers,
The Two Bend Points That Tilt Social Security Toward Lower Earners and Cost a $200,000 Salary $14,000 a Year
Quick Read
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Social Security’s bend point formula intentionally reduces benefits for high earners: a worker earning $200,000 for 35 years receives roughly $4,208/month instead of $5,322/month if the higher replacement rate continued, costing approximately $13,400 annually in lost benefits.
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High earners must rely heavily on personal savings since Social Security replaces only 25% of their pre-retirement income compared to 40% for median earners,
Rigetti Computing vs. IonQ: Which Quantum Computing Stock Has Better Revenue Momentum?
Key Points
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Rigetti and IonQ are both early movers in the quantum market.
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But IonQ’s forward-thinking strategies could make it a better buy.
Rigetti Computing (NASDAQ: RGTI) and IonQ (NYSE: IONQ) are both attracting significant investor interest as promising plays in the nascent quantum computing market.
Read MoreWinner pays $9 million in charity auction for a private lunch with Warren Buffett and Stephen Curry
Someone paid more than $9 million to have lunch with basketball player Stephen Curry and Warren Buffett, and the legendary investor also promised to match the winning bid so both their favorite charities will benefit.
The auction on eBay was intended to revive an event that Buffett hosted for more than two decades that raised $53 million for the GLIDE Foundation homeless charity in San Francisco.
Read MoreStocks Pressured by Tech Weakness and Rising Bond Yields
The S&P 500 Index ($SPX) (SPY) today is down -0.35%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.45%. June E-mini S&P futures (ESM26) are down -0.40%, and June E-mini Nasdaq futures (NQM26) are down -0.50%.
Stock indexes are sliding today,
» Read more about: Stocks Pressured by Tech Weakness and Rising Bond Yields »
Read MoreThe Burst
Buffett’s Mystery Holding Unveiled: How To Play It
Speculation has been rife for some time about why Berkshire Hathaway requested special exemption from disclosure of a holding that most likely it has been building a position in.
Buffett knows as well as anyone that his holdings are carefully observed and many followers plough into them with abandon when revealed.
He also has admitted that so few purchases will move the needle for Berkshire now that it’s like trying to find a needle in a haystack.
» Read more about: Buffett’s Mystery Holding Unveiled: How To Play It »
Read MoreThe Ivy
Got $3,000? Here Are 3 Best Warren Buffett Stocks to Buy
Warren Buffett’s portfolio at Berkshire Hathaway has been an excellent source of ideas for generations of investors. Even though the Oracle of Omaha is pulling back to cash heavily this year, there are still some fantastic stocks being held at Berkshire that appear undervalued and bear watching.
Here are three of the best Buffett stocks to look into if you have a few thousand dollars to put to work in today’s market.
» Read more about: Got $3,000? Here Are 3 Best Warren Buffett Stocks to Buy »
Read MoreThe Spotlight
Markets Are Going FULL Leptokurtic, What You Need To Know Now
If you look up the definition of leptokurtic, the dictionary explanation is:
- (of a frequency distribution or its graphical representation) having greater kurtosis than the normal distribution; more concentrated about the mean.
That probably didn’t clarify things a whole lot if you’re not a statistician but in essence leptokurtic refers to a flatter distribution with fatter tails.
» Read more about: Markets Are Going FULL Leptokurtic, What You Need To Know Now »