1965 January 27 Shelby GT 350 debuts
On January 27, 1965, the Shelby GT 350, a version of a Ford Mustang sports car developed by the American auto racer and car designer Carroll Shelby, is launched. The Shelby GT 350, which featured a 306 horsepower V-8 engine, remained in production through the end of...
401(k) Millionaires
What does this mean for your overall retirement strategy? Provided by Sam Law Your workplace retirement account can play a critical role in your overall retirement strategy. However, some have gone further with the accounts than others, especially recently. CNBC...
1981 January 20 – Iran Hostage Crisis ends
Minutes after Ronald Reagan’s inauguration as the 40th president of the United States, the 52 U.S. captives held at the U.S. embassy in Teheran, Iran, are released, ending the 444-day Iran Hostage Crisis. On November 4, 1979, the crisis began when militant Iranian...
Here’s how to handle your 401(k)
KEY POINTS There are options for handling a 401(k) account when you leave your company, although sometimes the choice is made for you. If you have an outstanding loan, it might morph into a taxable distribution that’s subject to a penalty. More than half of workers...
1128 January 13 – Pope recognizes Knights Templar
On January 13, 1128, Pope Honorius II grants a papal sanction to the military order known as the Knights Templar, declaring it to be an army of God. Led by the Frenchman Hughes de Payens, the Knights Templar organization was founded in 1118. Its self-imposed mission...
Tax Changes: What’s In, What’s Out?
While some initiatives are left behind, others are seeing renewed interest. Provided by Sam Law While it’s still too early to draw any final conclusions, Congress is getting closer to outlining what tax law changes are under consideration to pay for the proposed...
1838 January 06 – Samuel Morse demonstrates the telegraph
On January 6, 1838, Samuel Morse’s telegraph system is demonstrated for the first time at the Speedwell Iron Works in Morristown, New Jersey. The telegraph, a device which used electric impulses to transmit encoded messages over a wire, would eventually revolutionize...
Wise Decisions with Retirement in Mind
Certain financial & lifestyle choices may lead you toward a better future. Provided by Sam Law Some retirees succeed at realizing the life they want; others don’t. Fate aside, it isn’t merely a matter of investment decisions that makes the difference. There are...
1922 December 30 – USSR established
In post-revolutionary Russia, the Union of Soviet Socialist Republics (USSR) is established, comprising a confederation of Russia, Belorussia, Ukraine, and the Transcaucasian Federation (divided in 1936 into the Georgian, Azerbaijan, and Armenian republics). Also...
The Social Security Announces 2022 COLA
5.9% is the biggest COLA increase in decades. Provided by Sam Law On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022, the largest...