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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...

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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...

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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...

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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...

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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...

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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...

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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...

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1888 December 23 – Vincent van Gogh chops off his ear

On December 23, 1888, Dutch painter Vincent van Gogh, suffering from severe depression, cuts off the lower part of his left ear with a razor while staying in Arles, France.  He later documented the event in a painting titled Self-Portrait with Bandaged Ear. Today, Van...

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1773 December 16 – The Boston Tea Party

In Boston Harbor, a group of Massachusetts colonists disguised as Mohawk Indians board three British tea ships and dump 342 chests of tea into the harbor. The midnight raid, popularly known as the “Boston Tea Party,” was in protest of the British Parliament’s Tea...

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