A Hyundai dealership lease customer on July 22 joined other consumers who have sued CDK Global, alleging their data was put at risk by the June 19 cyberattacks suffered by the dealership management system provider. Ronaldo Proto of Connecticut filed the lawsuit in the U.S. Northern District of Illinois and is seeking class-action status.
By Kimberly Palmer | NerdWallet
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The term “self-care” might conjure images of relaxing bubble baths or massages. But true self-care encompasses your finances, too.
“Self-care is about taking care of yourself so you can look better, feel better and be prepared for the future,” says Stacy Miller, a certified financial planner and founder of BayView Financial Planning in Tampa, Florida. “Financial self-care is an aspect of that. You’re giving your bank accounts a facial.”
Money experts say financial self-care starts with looking at your current money practices, then continues toward developing a solid plan for the future. And just like a skincare routine, everyone’s approach looks a little different.
Taking time to consider your “money story,” or how you grew up thinking about money, can be a good place to start, says Lindsey Konchar, a financial therapist in Minnesota. “Were your parents open about it? Were you taught anything about money?” she suggests asking yourself.
According to IRA expert Ed Slott (www.irahelp.com ), the penalty protection for missed required minimum distributions (RMDs) may not be as good as it seems.
The SECURE 2.0 Act, passed at the end of 2022, reduced the penalty from 50% to 25%. In addition, the penalty was reduced to 10% if the missed RMD was made up within two years, and the 10% penalty was paid.
On the surface it seems as though the new regulation offers a significant reduction in penalty. However, in the past, the IRS only rarely assessed the penalty. Moreover, even when the 50% penalty was in force, when the taxpayer filed IRS Form 5329, and offered a reasonable excuse, the IRS had been waiving the penalty, so it was rare when a taxpayer did pay the 50% penalty. The excuses that had been accepted upon the waiver request included incorrect advice from a financial adviser or institution, illness in the family, disability and death.
In the SECURE 2.0 Act, Congress referred to the statute of limitations (SOL) that determines how far back the IRS can go back in time to establish a penalty. With a normal tax return, the SOL is three years; the SOL is six years when the taxpayer understates his gross income by more than 25%. (There is no statute of limitation in cases of fraud, or when there is a willful attempt to avoid paying taxes.)
A Victory Chrysler-Dodge-Jeep-Ram employee in Rome, NY., allegedly stole more than $50,000 from the dealership and was charged with second-degree grand larceny and first-degree falsifying business records.
The California company said in a regulatory filing that Kjell Gruner is resigning, and had notified Rivian of his decision to resign “to pursue other opportunities.” Gruner started at Rivian in September 2023.