After weeks of speculation as to whether former billionaire, now hapless participant, Sam Bankman-Fried would be arrested for fraud surrounding FTX, the cryptocurrency exchange he ran into the ground, the mystery is over. The crypto exchange founder surrendered to Bahamian custody last week and is now awaiting extradition to the United States. Following a grand…
FTX Dust Settles, Soiling Everyone
December 19, 2022
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Alternative InvestmentsBrightBusiness & MarketscryptocurrencyFTXinvestingInvestmentMarketspersonal financeSam Bankman-FriedUS
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What Are Your Options If You Can’t Pay the IRS?
In this economy, tight budgets may make it challenging to pay income taxes. This is true especially if you owe thousands of dollars. But what do you do if you can’t pay those taxes? Don’t go into a panic; you do have some options. File Regardless of Taxes Owed It can be alarming to realize…
The Problems With Using Buy Now, Pay Later to Fund Travel
Book a flight or hotel room now, and pay it off later? It’s an increasingly common trend in travel spending. Companies like American Airlines, United Airlines and vacation rental website Vacasa now offer the option to make reservations now and pay it back incrementally over time with “buy now, pay later” services. Between 2020 and…
Impact of the SECURE Act on Beneficiaries
By Elliot Raphaelson From Tribune Content Agency IRA (Individual Retirement Account) expert Ed Slott (IRAhelp.com) recently summarized in a recent newsletter the significant impact the SECURE Act of 2019 had on IRA beneficiaries. In this column I will discuss some of the major changes. The first thing to understand about the changes wrought by the SECURE Act is…
Why Is Earnings per Share Important?
Knowing the earnings per share (EPS) of a company can go a long way when deciding whether to invest in a particular company. EPS is a metric that quickly identifies stocks with the strongest potential profit growth. It is important to determine a company’s EPS. But what is EPS, and how does it work? EPS…
Family Finances: Year-End Gifts Reap Benefits for Donors and Recipients
By Joy Taylor From Kiplinger’s Personal Finance Financial planners and tax professionals often advise clients to include gifting in their year-end tax planning strategies. There are three main reasons to do this. First, your gifts can help family members and friends. Second, because gifts aren’t subject to income tax, the recipient isn’t taxed on the…
These 6 Mistakes Cost Me More Than $4 Million
December 17, 2022
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Alternative InvestmentsBrightbudgetingEarning MoneyinvestingInvestmentpersonal financeSports cardsWarren Buffett
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“Rule Number One: Never Lose Money. Rule Number Two: Never Forget Rule Number One” As a result of the financial crisis of 2008, Warren Buffett lost about $23 billion personally, and his company, Berkshire Hathaway, lost its AAA credit rating. So how can he tell us not to lose money, then? His point is that…
Lumps of Coal in This Year’s Christmas Stockings?
As Americans anticipate the arrival of the holidays, it appears that many households may struggle to fill their family’s Christmas stockings this year. A new poll released on Thursday reveals that 82 percent of American respondents of likely voters have been negatively affected by inflation and higher costs. More than half that number describe themselves as…
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 16)
December 16, 2022
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Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for January delivery fell $1.82 to $74.29 a barrel Friday. Brent crude for February delivery fell $2.17 to $79.04 a barrel. Wholesale gasoline for January delivery fell 4 cents to $2.13 a gallon. January heating oil fell 16 cents to $3.12 a gallon. January natural gas fell 37 cents to $6.60…
A Travel Agent for Guilt Trips
Dear Dave, My dad and his wife asked my husband and me for $55,000. They want the money so they can pay off their debt. We’re debt-free and have a net worth of between $2 million to $3 million, but we’re also retired. We don’t keep that much in the bank, so we’d have to…
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