Aurelia Butler

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    How Donald Trump’s Presidency Could Impact Retirement Rules

    Readers had questions about individual retirement accounts, distributions and access to brokerage accounts if they moved away from the U.S. Here are some answers.Your retirement accounts may be the biggest component of your net worth. Or maybe those large balances are still only a goal, and you want to know if any changes coming in the next four years will help you get there — or get in your way.Of the 1,200 or so money-related questions we’ve received from readers in the days since the presidential election, many have been about retirement. We have some answers for what we know and context for what we don’t yet know. Most of them have nothing to do with Social Security; my colleague Tara Siegel Bernard answered questions about that program last week.But first, here’s an important caveat that is true in any administration, but especially in one like this: For things to change, President-elect Donald J. Trump has to want things to change, act on that desire and then succeed. If lawmakers are involved, they also have to have the desire, follow through and pass legislation.There will be plenty of noise, but in this particular category, it’s possible that not much of substance will look different four years from now.What did Mr. Trump say he wanted to change about individual retirement accounts or 401(k)s?Not much. Neither Mr. Trump’s campaign website nor the Republican Party platform that it pointed to said anything about I.R.A.s or workplace retirement accounts like 401(k)s, with one exception that probably wouldn’t affect many people.On his campaign website, Mr. Trump sounded off about environmental, social and governance, or E.S.G., funds and their place in workplace retirement plans. During his first term, the Labor Department issued a rule related to what sorts of funds an employer — which must act in employees’ best interest as a so-called fiduciary — can use in those plans.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Target’s Stock Sinks on Weak Sales Ahead of Holiday Shopping Season

    The retailer’s downbeat earnings report, which included lower profit and larger inventory, fell far short of Wall Street’s expectations.Target rattled Wall Street on Wednesday with a downbeat earnings report showing a sales decline, lower profit and an unwelcome buildup of unsold inventory. The company also cut its forecast for the full year, a bad omen ahead of the critical holiday shopping season.Target’s stock plunged more than 20 percent in early trading, putting it on track for its biggest daily decline in more than two years.Sales at Target stores fell 1.9 percent last quarter, from the same period last year, offset somewhat by a 10.8 percent rise in online sales. The company said it expected sales to be flat this quarter and cut its forecast for full-year profit, almost entirely reversing an increase announced just three months ago.Jim Lee, Target’s chief financial officer, told analysts on a call that it was “prudent to take this conservative approach” and that the company would take “swift and disciplined action to position ourselves to win during the holidays and in 2025.”Target had recently made improvements that drew shoppers to its stores, but the earnings setback suggests that there is more work to do. Brian Cornell, Target’s chief executive, said in a statement that the retailer was navigating through “a volatile operating environment.”The weaker-than-expected report covered the period of back-to-school shopping and Halloween, which can signal more challenges during the holiday season, a crucial final weeks of the year. Retailers look to those seasonal events as indicators of how shoppers might spend around Thanksgiving and Christmas. We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Rebuilding After Fire, Jacob’s Pillow Will Open a New Theater

    The Doris Duke Theater, more than twice as large as the original and designed for modern technology, will open in July.When the Doris Duke Theater at Jacob’s Pillow, the bucolic dance festival in Becket, Mass., was destroyed by a fire four years ago, the festival’s director, Pamela Tatge, promised that it would be rebuilt.“The theater,” she said at the time, “is an essential component of the ecology of Jacob’s Pillow.”On Wednesday, Jacob’s Pillow announced that its new Doris Duke Theater would reopen on July 9, as part of its coming season. And the initial wave of programming there has been conceived specifically with the space in mind.“We all struggled when we lost the Doris Duke,” Tatge said in an interview. “But we had this moment to think of what we will build and why, and what sort of building we need in the future.”The campus of Jacob’s Pillow has other performances spaces: the large Ted Shawn Theater, and the outdoor Henry J. Leir Stage. The old Doris Duke opened in 1990, with 230 seats and the look of a sleek barn.A $10 million gift from the Doris Duke Charitable Foundation, insurance claims and other gifts paid for the costs of the new theater. Jacob’s Pillow, Tatge said, wanted its new building to be a flexible space with “the ability to support the future of where this field is going.” The organization hired the Dutch architecture firm Mecanoo, and brought on the Choctaw and Cherokee artist Jeffrey Gibson as a consultant, to design a theater, Tatge added, “that was in dialogue with nature.”The result is a building nearly twice the size of the original theater, with a range of 220-400 seats and the ability to also house residencies and other events, perhaps at the same time. It will be equipped with a spatial audio system and specialized cameras for livestreaming and interactive video performances.Tatge said that next summer’s lineup of artists at the Doris Duke Theater was based on “works that could magnify and amplify the flexibility of the space, as well as works that demonstrate the intersection of dance and technology.”The programming includes the world premiere of Andrew Schneider’s “Here,” Shamel Pitts’s “Touch of Red” and Eun-Me Ahn’s “Dragons.” The Taiwanese choreographer and roboticist Huang Yi will make her Pillow debut, as will the Indigenous Sámi choreographer Elle Sofe. Faye Driscoll will return to the festival with her work “Weathering,” from last year, and Schneider and Pitts will create digital-first pieces.In the future, Tatge said, Jacob’s Pillow hopes to commission works that incorporate augmented reality, technology similar to video conferencing and other forms of mixed reality. And they can be developed year-round in the new building.“It will be a maker space,” Tatge said of the Doris Duke Theater. “At a time where there is a crisis of ambition in our country because a lack of resources, the fact that we’re going to be able to support artists — that is something.” More

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    Hezbollah’s Rockets Remain a Threat Despite Israel’s Crushing Offensive

    Israel’s failure to tamp down the short-range rocket threat has put pressure on its government to embrace a cease-fire.Hezbollah has suffered crushing setbacks in Israel’s bombardment of Lebanon and cross-border incursion.The Israeli operation has succeeded beyond U.S. officials’ expectations: Israel has severely diminished Hezbollah’s ability to strike deep into the country and significantly weakened its political and military leadership.But Israel has failed to eliminate the short-range rockets that the Lebanese militia fires into the northern half of the country, according to U.S. officials. As long as the rocket fire continues, Israel’s campaign is unable to fulfill one of its main goals — securing northern Israel so that tens of thousands of residents can return home there.Hezbollah began rocket strikes on northern Israel in support of its ally Hamas in Gaza after Hamas attacked Israel last October. Israel launched its offensive against Hezbollah, at least in part, because of political pressure from Israelis who were evacuated.Now, Israel’s failure to tamp down the short-range rocket threat has put pressure on its government to embrace a cease-fire and at least a temporary halt to hostilities.While the Biden administration has struggled to reach a cease-fire deal between Hamas and Israel in Gaza, officials familiar with the negotiations with Hezbollah say there is a realistic chance for a deal covering Lebanon. Amos Hochstein, a White House envoy, arrived in Beirut on Tuesday to try to finalize some of the details and said this was “a moment of decision-making.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    A Travel Writer Remembers Arthur Frommer

    The creator of the popular guidebook series, who recently died, not only democratized travel, but supported sustainable travel, before it got that name.In the 1980s, when I planned my first trip to Europe, I can’t remember which Frommer’s travel guidebook I brought along. It might have been “Europe on $25 a Day” or “Europe on $40 a Day.” Either way, I had Arthur Frommer by my side.I recalled this instantly when I learned that Mr. Frommer — who started his guidebook series in 1957, with the title “Europe on 5 Dollars a Day” — died this week at 95.From that first European trip to many more that followed, I appreciated the series’ recommendations on where to stay — usually small pensions called out for their charm or value or both — where to find authentic food, and how to get around by train or bus. In addition to straightforward and reliable how-to advice, Mr. Frommer gave much more to his readers: He democratized travel, and not just by showing that it was financially possible to see the world within their means. By breaking down the intimidating hurdles of foreign travel — like not speaking the language or looking out of place — he emboldened legions of readers to just do it.Why? Because everyone should enjoy the thrill of discovery.Historically, leisure travel was for the rich. In Europe, what became known as early as the 17th century as the Grand Tour was considered an educational and cultural rite of passage for the aristocracy. It yielded pioneering guidebooks such as the German Baedeker series, which was first published in 1827.Tourism was still packaged as a pursuit of the wealthy when Mr. Frommer first visited Europe 72 years ago, according to an Associated Press interview in 2007. As a soldier stationed in Germany in 1953, he discovered the affordable beauty of living like a local and eschewed cocooning luxury hotels that kept you from having “a genuine experience.”He found a ready audience for his style of travel. As he told the writer Rolf Potts in 2008, Mr. Frommer sold out of the initial run of 5,000 copies of “Europe on 5 Dollars a Day” on the first day of publication in 1957. The series, updated each year, sold millions of copies, until 2007. (Pauline Frommer, Mr. Frommer’s daughter, continues to publish travel guides and run the travel website frommers.com.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Liam Payne’s Former One Direction Bandmates Attend His Funeral in England

    The One Direction singer died at 31 last month after a fall from a balcony.A funeral was held for the former One Direction singer Liam Payne in England on Wednesday afternoon, a month after his death in a fall from a hotel balcony.The private service at a church in Amersham, England, about 25 miles northwest of London, was attended by Mr. Payne’s former bandmates in One Direction, Harry Styles, Niall Horan, Louis Tomlinson and Zayn Malik.Simon Cowell, James Corden and the model Damian Hurley also attended, photos showed, as well as several members of the girl group Girls Aloud, including Cheryl, Kimberley Walsh and Nicola Roberts. Cheryl is the mother of Mr. Payne’s 7-year-old son, Bear Grey Payne. Mr. Payne’s girlfriend, Kate Cassidy, was also at the service.Harry Styles at the funeral.Justin Tallis/Agence France-Presse — Getty ImagesMr. Payne’s coffin arrived in a carriage drawn by two white horses. It was lifted by pallbearers and carried into the church.Mr. Payne died at 31 after falling from the third floor of a hotel in Buenos Aires on Oct. 16.Prosecutors said that a toxicology report showed that Mr. Payne had cocaine, alcohol and a prescription antidepressant in his system. The local prosecutor’s office said it had accused three people of crimes after his death, though it did not name them. Two of them, including a hotel employee, were accused of supplying narcotics, and the third, who was described as being with Mr. Payne daily during his trip to Argentina, was accused of abandonment of a person followed by death.One Direction was assembled on the British talent show “The X Factor” in 2010 when the members were teenagers. They went on to international success with hits like “What Makes You Beautiful,” “Live While We’re Young” and “Story of My Life.” The band separated in 2016 and the members continued to record on their own. More

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    Young Women Will Never Stop Talking About Sexism

    I was not going to write any more election post-mortems based on the current data. California is still counting votes, and it will take months for the whole picture of the electorate to come into focus.But that hasn’t stopped chatter from strategists and politicians about the ways Democrats should change their candidates and messaging. There has been heavy emphasis on appealing to young men specifically, with many advising that the left should go about manufacturing its own Joe Rogan. One articulation of this viewpoint comes from Richard Reeves, who writes in an op-ed in The Boston Globe that Democrats shouldn’t talk about sexism, and claims that the problem is that they haven’t focused enough on issues affecting boys and men. James Carville keeps repeating the charge that “preachy females” are the problem and Democratic messaging comes across as “too feminine.”It feels absurd to ask rank-and-file Democrats to stop talking about sexism when Donald Trump himself and several of his cabinet picks so far have credible accusations of sexual misconduct lodged against them, and when Trump’s campaign sunk to new lows in disparaging women.Democrats should absolutely be soul-searching and figuring out ways to win. But Reeves’s suggestions — “More investments in vocational training, for example in apprenticeships and technical high schools, would mostly help boys and men to secure better jobs” — were already an explicit part of Harris’s platform for economic opportunity, which she talked up on the campaign trail.Harris did not mention sexism as a reason for her loss in her concession speech. And the overwhelming consensus was that Biden’s low approval ratings, and his failure to bring an end to inflation sooner, were the major reasons that she did not win. But does that negate the sexism raining down on our young women, who are walking across campus hearing their classmates tell them: “Your body, my choice”?Trump’s totally cavalier attitude about violence against women — the ones he said he would protect whether we “like it or not” — is most glaringly evident in his nomination of Matt Gaetz as attorney general. More than 100 nonpartisan organizations that combat sex trafficking and gender-based violence signed on to an open letter to the heads of the U.S. Senate Judiciary Committee asking them to reject Gaetz because he has been investigated for sex trafficking himself and said: “The nomination of Mr. Gaetz sends a signal to the country and the world that sexual misconduct and exploitation and corrupt behavior will not only go unpunished, but will be rewarded.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    A Friend Lied About Her Dying Brother to Cancel Plans With Me. Help!

    A reader is struggling to forgive a fabricated excuse that involves a terminal cancer patient’s turn for the worse.My friend of many years, who is an alcoholic in denial, lies to cancel social commitments with me. I am trying to maintain our friendship because I care about her, but the excuse she gave me for her most recent cancellation is beyond the pale: She claimed that her brother, who was diagnosed with terminal cancer, had taken a turn for the worse, and that she just wanted “to stay home and cry.” When I checked the story with one of her siblings, though, it turned out his condition hadn’t worsened. I am really upset that she fabricated this excuse. I am close to her brother. Is this a deal breaker for our friendship?FRIENDI completely understand your distress. It feels terrible to be lied to by friends. And if your old friend had written to me, I would tell her as much. But she didn’t write — you did. So, I am going to give you some advice, and I hope you take it in the helpful spirit in which it is intended, because frankly, your letter struck me differently than you probably intended it to.Friends don’t malign each other gratuitously. Yet you introduce your friend as “an alcoholic in denial.” Respectfully, only mental health professionals, in consultation with their patients, are qualified to diagnose drinking problems. And as far as I can tell, her drinking is unrelated to your question. Still, it suggests that you are judgmental of your friend. Not my first choice in a dinner companion!The crux of your complaint, though, is that she lied to you about her sick brother’s condition. That was a lousy thing to do! But if your friend feels overwhelmed (about her brother or anything else) and asks to cancel a plan, that seems like a legitimate request to me. Now, you can certainly tell her you prefer truthful excuses. And she may have burned through your generosity by now. But sitting in judgment of your friend is the last thing either of you needs.Miguel PorlanMinivans or Museums? Let’s Get Married First.Our 27-year-old son got engaged recently and plans to marry next year. We are thrilled for the couple! They currently live in a small rental apartment in Manhattan. Our son tells us it’s very important for him to raise his future children in the suburbs, but his fiancée is equivocating: She was raised in the city and loves it there. As parents, should we press our son to resolve this issue before they marry or let it play out?We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More