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Iran war already taking a toll on the global economy, IMF says in new forecast The Washington PostMiddle East War Will Slow Global Economic Growth, I.M.F. Warns The New York TimesIMF warns global economy at risk of recession if Iran war persists BBCJoint Statement on 13 April by the Heads of the International Energy Agency, International Monetary Fund, and World Bank Group IEA - International Energy AgencyIMF Warns of Deep Global Downturn if
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With a quarter of IRS auditors gone and enforcement at its lowest in 20 years, tax lawyers say they're seeing a shift in taxpayer behavior.
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 Severance pay is a benefit many employers offer when involuntarily terminating an employee to assist with their transition out of the organization.
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Most people view debt as something to be avoided at all costs. But that's because most people don't use debt properly. A prime example of improper debt use is the credit card. People charge too much, fail to pay the card in full at the end of the month, then find themselves unable to pay down the debt without also paying exceedingly high interest, often for years.
However, some kinds of debt, such as a securities-backed line of credit, or SBLOC, can be helpful. They can even save or earn you money. SBLOCs are rolling lines of credit based on the value of assets in your accounts. They're excellent ways to use debt to your advantage.
How Securities-Backed Lending Works
Borrowing money by collateralizing securities held in after-tax investment accounts is called securities-backed lending. The interest rate will often be lower than other types of loans, and you'll generally get access to funds in just a few days.
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However, as with almost anything, there are caveats to taking out an SBLOC. While you can keep buying and selling securities in the collateralized account, you can't use the loaned money for other securities-based dealings, such as trading or buying. And setting up an SBLOC will make it more challenging to move those collateralized assets to a different firm.
As an example of how SBLOCs can benefit you, suppose you need $75,000 for a one-time purchase of a car or a once-in-a-lifetime vacation. A typical way to acquire it would be to sell assets in a retirement account. That presents a number of drawbacks:
First, your income for that year would increase by $75,000 and could put you in a
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