Tag

Retirement Plan

All articles tagged with #retirement plan

entertainment2 years ago•5 min saved

"Reevaluating Quentin Tarantino's 10-Film Retirement Plan"

Quentin Tarantino's plan to retire after making 10 movies is facing criticism due to the pressure it adds and the flawed logic behind it. While he has cited the decline of directors' work after 10 movies, examples of acclaimed directors making their best work after this point challenge this notion. Additionally, his age of 61 is seen as a factor, but modern filmmakers often continue to produce great work well into their later years. The idea of ending his career at 10 movies is questioned, with suggestions that it may not be the best decision for a filmmaker of his caliber.

via Hollywood Reporter|

#career #entertainment #filmmaking

sports2 years ago•1 min saved

Shohei Ohtani's Dodgers Contract: A Smart Steal with Jerome Powell as MVP

The Los Angeles Dodgers have structured Shohei Ohtani's contract in a way that allows them to pay him $700 million while only counting $460 million towards Major League Baseball's luxury tax rules. This financial maneuver relies on familiar retirement plan math and may become more common due to Jerome Powell and the Federal Reserve's interest-rate policies.

via The Wall Street Journal|

#contract #los-angeles-dodgers #luxury-tax-rules

finance3 years ago•6 min saved

"Retirement Plan and Investment Giant BlackRock Make Portfolio Moves Amid High Inflation"

The Los Angeles County Employees Retirement Association (LACERA), which manages $70 billion in assets, plans to increase its bond holdings as a result of the higher interest rate environment. The pension plan will revisit its strategic asset allocation this summer, considering changes to its stock, bonds, real estate, and real assets allocations. LACERA's move to more fixed income is part of a broader trend among pension funds, which are expected to shift to more bonds as annual capital markets assumptions used by chief investment officers tilt the equation to more bonds. However, this does not necessarily mean a shift back to the 60-40 stocks/bonds approach.

via CNBC|

#bonds #finance #fixed-income

sports3 years ago•1 min saved

Tyreek Hill Plans to Retire After 2025 Season

Tyreek Hill, the Miami Dolphins receiver, plans to retire after playing three more seasons and wants to go into the business side of things. Hill, who is 29 years old, wants to get into the gaming space and is creating a gaming team called Soul Runner Gaming. He is due $1.165 million in base salary this season with a $12.823 million cap and a $19.55 million base salary in 2024 with a $31.07 million cap hit.

via NBC Sports|

#business #gaming #nfl

politics3 years ago•1 min saved

House Republicans fail to overturn Biden's veto on retirement plan investing rule.

House Republicans failed to override President Joe Biden's first veto that blocked a GOP-backed bill overturning a Labor Department rule on investing strategies for retirement savings. The GOP needed a two-thirds majority to override Biden's veto – which was unlikely given the Republicans' narrow, nine-seat majority. The ESG rule, an investing strategy that takes into account businesses’ environmental and social risks as part of a wider financial analysis, had the backing from Republicans in the House and Senate. Biden said he would veto the bill before it reached his desk.

via USA TODAY|

#esg-rule #house-republicans #joe-biden

finance3 years ago•2 min saved

IRS Proposes Taxing NFTs as Collectibles

The US Internal Revenue Service (IRS) is seeking feedback on whether to tax non-fungible tokens (NFTs) on a par with other collectibles such as stamps, works of art, and fine wine, in a move likely to have an impact on those including the digital assets within their retirement plan. The proposed guidance represents the first move by the US tax authority in a while to clarify the tax treatment of digital assets, addressing a vacuum that has left some taxpayers guessing about their liability. The IRS is looking for people to comment on the proposal by June 19, on issues such as when an NFT constitutes a work of art.

via CoinDesk|

#collectibles #finance #irs