Personal finance

Gun owners generally will be covered for liability under their homeowners’ or renters’ insurance policies, according to Peter Kochenburger, deputy director of the Insurance Law Center at the University of Connecticut School of Law. “You’re covered for your negligence if you injure someone or if you damage property,” Kochenburger said. Those policies typically do not
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In a standard retirement account, your investments are typically limited to stocks, bonds and money market funds. “If you walk into Fidelity and say, ‘Put bitcoin into my IRA, they’ll say, ‘Get lost’,” Slott said. So if you want to invest your retirement savings in cryptocurrencies, you’ll need what’s known as a “self-directed” account, which
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“So many people reach retirement and still have a mortgage,” Jenkin said. “Having any kind of serious mortgage in retirement really cripples your ability to do other fun stuff.” Then, turn to your retirement savings. Increase your contributions to your 401(k) plan, particularly if you haven’t reached the maximum amount toward your company match. Also,
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Consumers looking to spend their bitcoin have other options. There are cryptocurrency ATMs from providers such as Coinsource, and you can even filter your Yelp search for places that accept bitcoins. On Purse.io, you can shop online with cryptocurrencies, and even buy products from Amazon. GoCoin helps merchants become bitcoin-friendly. Kim Grauer, senior economist at
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Are you making the most of your 401(k)? Better check. In recent years, companies have been making improvements to their workplace retirement plans, according to a new survey by global advisory firm Willis Towers Watson. Among other changes, many companies have boosted employer contributions, added Roth 401(k) options, and made fees more transparent. The survey
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If you’re an entrepreneur, you may qualify for a 20 percent deduction against qualified business income. This break is available to pass-through entities, including S corporations and limited liability companies. In general, to qualify for the full deduction, your taxable income must be below $157,500 if you’re single or $315,000 if you’re married and file
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Reporting requirements for foreign accounts have become a high-profile issue. Last week, special counsel Robert Mueller filed a slate of charges against two former Trump campaign officials, Paul Manafort and Rick Gates. Among the allegations were charges of “failure to file reports of foreign bank and financial accounts.” After Gates pleaded guilty to conspiracy and
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