By Christine Clark, Director of Communications, Rady School of Management and School of Global Policy and Strategy (Newswise)–People who experience periods of high inflation are more likely to buy a home, according to a new study from the University of California San Diego’s Rady School of Management. The paper, to be published in the Journal […]
People over 72 should withdraw from retirement plans, IRS says
By SDCN Staff Washington, D.C.–The Internal Revenue Service is reminding those who were born in 1950 or earlier that funds in their retirement plans and individual retirement arrangements face important upcoming deadlines for required minimum distributions to avoid penalties. Required minimum distributions, or RMDs, are minimum amounts that many retirement plans and IRA account owners […]
Survey: Inflation driving 90% of consumers to seek discounts and cashback rewards when shopping online
San Diego, CA–Wildfire Systems Inc., an San Diego County-based, innovative financial technology platform that powers reward programs and shopping companions, in conjunction with research firm Big Village (formerly Engine Insights), announced the findings of a new survey, detailed in a report titled “Online Shopping Rewards Have Gone Mainstream, Offering A Win For Banks, Retailers, And […]
Tax time guide: IRA contributions for 2021
Washington, D.C.–The Internal Revenue Service reminds taxpayers they may be able to claim a deduction on their 2021 tax return for contributions to their Individual Retirement Arrangement made through April 18. An IRA is a personal savings plan that lets employees and the self-employed set money aside for retirement and can have tax advantages. Contributions […]