Teck withdraws application
Teck withdraws application for new oilsands mine Teck Resources Ltd. says it’s withdrawing its application for a massive oilsands mining project just days ahead of an expected government decision, citing the political discourse over climate change. The company says it will take a $1.13-billion writedown on the Frontier project in Alberta. In a letter to […]
3 Ways to Get Out of Taking Required Minimum Distributions
Saving for retirement is unquestionably important. Without money socked away for your golden years, you might struggle to keep up with your senior living expenses once your paycheck from work goes away and you realize that Social Security alone won’t suffice in paying your bills. Now, you’ll often hear that it’s wise to save for […]
The Most and Least Popular Ages to Claim Social Security
Whether you realize it or not, Americans’ reliance on Social Security is near an all-time high, at least according to national pollster Gallup. In April 2019, Gallup surveyed retired workers and found that 90% of them are at least somewhat reliant on their monthly benefit check to make ends meet. This ties an all-time high, […]
Why The Bucket Strategy Is The Best For Retirement Withdrawals
So it’s time to withdraw from your tax-protected retirement stash, usually an IRA. According to a new law, when you reach 72, you have to take out at least the amount that’s calculated under actuarial tables, using your expected lifespan. This move is called a required minimum withdrawal, or RMD. Those who turned 70½ last […]
How falling behind on a payday loan can lead to an arrest warrant
You’ll find the words in Utah’s constitution: “No imprisonment for debt.” And yet more than 3,000 people in the state were served arrest warrants arising from an unpaid loan between September 2017 and September 2018, according to a new report on payday loans by the Consumer Federation of America. “People are definitely going to jail,” […]