Required Minimum Distributions (RMDs) usually have to be taken each year from certain accounts such as IRAs, 401Ks, and other qualified retirement accounts by owners over age 70 1/2. Similarly RMDs have to be taken by account owners of inherited IRAs. Since RMDs have to be completed before of the year, some owners of these …
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Prices of basic needs for living have soared in the US in the past few years while discretionary items have become cheaper. For example, housing prices are unaffordable in many parts of the country. Though shelter is the most basic need of any human being it is very expensive and housing costs continue to rise …
Continue reading ‘Price Changes of Consumer Goods and Services in the US from 1998 To 2019’ »
Italy is one of the few countries that imposes a transaction tax for all financial transactions (FTT). This includes Italian ADRs trading on the US markets. The current FTT rate is 0.20% with a lower rate for certain transactions. This 20% rate will impact the overall return an investor earns on Italian ADRs. This tax is …
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