Cost basis is the original value of an asset, usually the purchase price, adjusted for stock splits, dividends and returns of capital. The cost basis is used to calculate returns on an asset or portfolio and, for tax purposes, capital gains.
If you have never worked or paid Social Security taxes (or haven’t paid them long enough), you won’t be able to claim Social Security retirement benefits on your own. However, you may be able to receive spousal benefits through your spouse’s account. You can file a claim under their account from age 62, provided your…
The Municipal Liquidity Facility (MLF) was a Federal Reserve (Fed) to buy up to $500 billion in debt from state and local governments that have suffered reduced revenues as a result of the COVID-19 pandemic. Under this program, the Fed purchased short-term securities municipal notes states and the District of Columbia, certain city and county…
What is the Canada Pension Plan (CPP)? The Canada Pension Plan is one of the three tiers of the Canadian government’s retirement income system, which is responsible for providing retirement or disability benefits. The Canada Pension Plan was created in 1965 to provide a basic set of benefits to retirees and disabled contributors. If the…
Software differs from hardware as the set of rules that allow services to run on the physical device. The software industry actually represents only a small part of the overall computer programming activity that takes place, in terms of software exchanged between software producers and software consumers. Many software created internally for very specific uses…
To get the most out of a 401(k) retirement plan, the sooner you can start saving, the better. With more time to invest, you can get more tax benefits and enjoy the power of compounding. However, some younger employees may not have access to a 401(k). Employers are required to provide access to their 401(k)…
What is a treasury share? Unissued shares are company shares that are not circulating and have not been offered for sale to employees or the general public. As such, companies do not print stock certificates for unissued shares. Unissued shares are normally held in a company’s treasury. Their number generally has no impact on shareholders….