Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Qualified charitable distributions allow you to take your retirement savings and donate it directly to charity.
The payoff: This strategy could result in big savings for retirees who are subject to required minimum distributions or RMDs, according to Ed Slott, founder of Ed Slott & Co.
"This is something you really want to get done by year end," Slott said.
Qualified charitable distributions, or QCDs, work best for retirees who must take money out of their retirement accounts and who also give to charity.
Most people need to start their required minimum distributions, or RMDs, from their retirement accounts when they turn 70½. But take note: The last day to take those distributions this year is Friday, Dec. 29.
Rather than writing a check to charity and including your RMD as income on your taxes, you can donate the funds directly to charity.
The result is that your adjusted gross income is lower, which reduces the likelihood that other benefits could be affected, Slott said. That includes more taxes on your Social Security income or higher Medicare premiums.
"By giving to charity this way, you're lowering your income and in effect getting a charitable deduction," Slott said. "If you give to charity already, give the same amount a better way and you'll pay less tax."
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