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Tag: ticking

Jan72021 by adminNo Comments

With bitcoin ticking over $28,000, now might be a good time to give some of it to charity

Finance
Getty ImagesSitting on a growing bitcoin fortune? Consider giving away some of it to charity.As 2020 draws to a close, the cryptocurrency has seen a massive surge in appreciation. The value of a single unit of bitcoin is now hovering around $ 28,000.Though longtime holders of the virtual currency are rejoicing, they run the risk of winding up overweight in bitcoin. That is, the massive run-up in values could suddenly result in investors having more exposure toward bitcoin — and its risks — than they'd like.Similarly, while cashing out of your holdings might seem attractive, it could come with a hefty capital gains tax bill on the appreciation.More from Advisor Insight:How financial advisors say to use your $ 600 stimulus checkHere's who's likely eligible for a second stimulus checkCovid ...
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Dec162020 by adminNo Comments

Op-ed: The clock is ticking. Here are some money moves to make before the year ends

Finance
Nitat Termmee | Moment | Getty ImagesAt the end of every year, there's an opportunity to make smart financial moves to reduce taxes, increase net investment income and decrease portfolio risk.Some of these financial moves are especially timely. They're enabled by federal legislation and temporary changes in tax rules aimed at easing pandemic-related financial distress. Some other year-end moves are suggested by the change in presidential administrations in January.So, here are some potential financial moves you need to consider.Borrowing money from your 401(k) plan. The CARES Act gives accountholders what will probably be a once-in-a-lifetime chance to borrow up to $ 100,000, penalty-, interest- and tax-free for three years. Sure, this would be additional debt, but if you're laid off, thi...
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Sep292019 by adminNo Comments
The clock is ticking for taxpayers who filed for an extension

The clock is ticking for taxpayers who filed for an extension

Finance
Julie Thurston | Getty ImagesIt's cram time for entrepreneurs and other taxpayers with complicated income tax returns.That's because the Oct. 15 deadline for taxpayers who filed for an extension with the IRS is right around the corner.Though these same taxpayers were able to get more time to work on their 2018 tax returns, they still needed to pay any taxes owed by April 15.If you're on track to miss the Oct. 15 deadline, prepare to pay a 5% "failure to file" penalty, so try not to wait until the last minute."You would think most people going out to Oct. 15 would be better prepared, but no — they still get it in very close to the deadline," said David Oransky, a CPA with Laminar Wealth in Chesterfield, Missouri.The 2018 tax season was a complicated one for accountants and filers.It was the...
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Sep92019 by adminNo Comments
India Ratings warns NBFCs of Rs 70,000 crore ticking time bomb

India Ratings warns NBFCs of Rs 70,000 crore ticking time bomb

Finance
MUMBAI: NBFCs giving loans to real-estate companies may come under pressure in the first half of next year when about Rs 70,000 crore worth of advances to infrastructure developers would no longer enjoy mandatory repayment exemptions. India Ratings said on Monday that with refinancing options looking bleak for these developer companies due to high costs of fund and liquidity tightness, some of these exposures may turn delinquent. The Fitch group’s Indian rating agency on Monday downgraded its mid-year outlook for NBFC sector to ‘negative’ from ‘stable’. “About 65-70% of the loan book that NBFCs have is still under moratorium where interest payment is happening and principle payment will start from first half of the next fiscal year. Delinquencies may increase on a case to case basis,” said...
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