ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Inherited money is great. But if it's a retirement account, Medora Lee reports, beneficiaries need to know some new rules or face potentially paying a steep penalty to the IRS. |
Corporate profits vs. worker wages |
An economic measurement that compares corporate profits to employee compensation has hit the highest mark on record back to the end of World War II, Andrea Riquier reports, a stark reminder of America's K-shaped economy. |
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Starting late last year, Amazon Prime members who wanted to share shipping perks with other customers had to live together at the same primary residential address, a change from previous practice. |
Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here. | | New IRS rules for inherited IRAs became effective last year. Pay attention to avoid a 25% penalty and a "tax bomb". | | The K-shaped economy is playing out in the battle of workers vs. capital, and corporations are winning. | | | | Amazon is ending its program allowing members to share shipping benefits with people outside of their household, instead shifting to household-only sharing. | | | | Your city might soon be getting some new furniture with a side of Swedish meatballs as IKEA plans to open ten new locations across the U.S. | | | | The fast-food giant currently has around 6,000 locations nationwide, some of which have already closed as part of planned store reductions. | | | | The coastal Croatian city of Split will ban the sale of alcohol in some establishments starting this summer. | | | | The president has a long history of naming things for himself. | | | | The number of used electric cars is on the rises as leases that were popular when the federal government offered tax credits are being returned. | | | | A new G Adventures survey reveals why purpose-driven trips make travelers happier, and which 10 experiences deliver the biggest joy boost. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
