This will be a bit geeky and dense. Most IRA owners are taking more out of their accounts each year than required by the minimum mandatory distribution (MRD) rules. The MRD tables were calculated to ensure that an IRA balance would last for life. Problem(?) is that, in general, we have been living longer so … Continue reading Tables may soon allow taking a smaller mandatory distribution from your IRA
Tag: money
Small business Saturday
I'm one of the many people who haven't quite learned that Small Business Saturday is the Saturday of Thanksgiving weekend. So now I know and can join the 70% who are already aware. Obviously there's room for growth. For me, this is a local version of Etsy on-line where I can touch and look at … Continue reading Small business Saturday
Goldman Sachs may have bought into a gender discrimination case with its Apple Card
This story contains a number of tweets, including a few by Steve Wozniak, that claim that Goldman Sachs has been using methodology to determine credit limits for the Apple Card that is massively skewed against female applicants. The fact patterns presented -- of couples in community property states where the wife had a far better … Continue reading Goldman Sachs may have bought into a gender discrimination case with its Apple Card
And how wealthy are the top 3 billionaires in the U.S.? How about the top 1%? Or baby boomers?
Turns out Bernie Sanders claim about the concentration of wealth among the billionaires in the U.S. understates how skewed the situation is. I don't intend to belabor the stratification issue much so am including three articles which approach the wealth issue differently. If I get a lot of feedback, I'll post more on the issue … Continue reading And how wealthy are the top 3 billionaires in the U.S.? How about the top 1%? Or baby boomers?
Great graphic about how Google’s online advertising system works
https://www.wsj.com/articles/how-google-edged-out-rivals-and-built-the-worlds-dominant-ad-machine-a-visual-guide-11573142071?mod=hp_lead_pos8 Includes ally. the steps along the trail that led Google to its current pre-eminent position in the internet advertising field. Am not sure you will be able to click thru, but figured it would be worth posting the link or you to try.
Millenials will find it almost impossible to reach the living standards of boomers
In many ways, this is simply another grim restating of facts already known about the the lower incomes earned by millenials than the comparable, inflation-adjusted earnings of boomers at their ages. What's become clear however is that the difference in earnings between generations is not reducing as millenials get older. The types of work available … Continue reading Millenials will find it almost impossible to reach the living standards of boomers
Certain PayPal payments can be reversed
There are times that a PayPal payment is made in error. This offers a way of reversing the transactions, provided that the payee has not yet collected the funds. https://www.businessinsider.com/how-to-cancel-paypal-payment How to cancel a PayPal payment if the receiver has not yet claimed it Steven John November 4, 2019 You can cancel a PayPal payment … Continue reading Certain PayPal payments can be reversed
If you’ve been looking for best sellers in eBook format, this is why they’ve disappeared
If you want to borrow a book from the library that's printed, you may have to wait on a hold list for a bit before gaining access but the library owns the volume and can allow users to borrow the book until it literally falls apart. Publishers are doing their best to establish a very … Continue reading If you’ve been looking for best sellers in eBook format, this is why they’ve disappeared
Turns out grocery story layouts useful for servicing online customers
Fascinating article about how online grocery sales are being serviced -- and why. FreshDirect is the primary online grocer in midtown Manhattan and it has had its own problems with trying to service its customers: first by picking the place for its service center and second by walking the line between nonbranded products and the … Continue reading Turns out grocery story layouts useful for servicing online customers
Is Amazon unstoppable?
A long read, but fascinating. https://www.newyorker.com/magazine/2019/10/21/is-amazon-unstoppable A Reporter at Large October 21, 2019 Issue Is Amazon Unstoppable? Politicians want to rein in the retail giant. But Jeff Bezos, the master of cutthroat capitalism, is ready to fight back. By Charles Duhigg October 10, 2019 Bezos, reportedly worth a hundred and fourteen billion dollars, has donated … Continue reading Is Amazon unstoppable?
Small change by Amazon will please some Amazon Prime members
Amazon has quietly done away with almost all minimum order restrictions for Amazon Prime members. Have an item you want that only costs 99 cents? You can probably get it without paying shipping. https://www.inc.com/bill-murphy-jr/amazon-just-quietly-made-a-big-change-to-amazon-prime-some-customers-will-be-very-happy.html While I understand the convenience of this, I'm appalled on multiple levels. First, those small, emergency purchases were about the only … Continue reading Small change by Amazon will please some Amazon Prime members
Surprises about women 5x more likely to live paycheck to paycheck
The "#metoo" movement has had an unexpected effect in opening the eyes of everyone beyond the sexual harassment area. For the first time in awhile, people are more aware of the built-in barriers and burdens faced by for women competing against men for the best positions. https://www.cnbc.com/2019/10/14/women-live-paycheck-to-paycheck-roughly-5-times-as-often-as-men.html Women live paycheck to paycheck roughly 5 times … Continue reading Surprises about women 5x more likely to live paycheck to paycheck
Abycats' Thoughts 