Retirement
Latest news, explainers and analysis on Retirement. Tracking 2 stories on Arth Vani.
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Latest on Retirement
Invesco Appoints Marty Franc as Asia Pacific Head; Andrew Lo to Retire in March 2027
Global asset manager Invesco has announced that Andrew Lo, its Senior Managing Director and Head of Asia Pacific, will retire on March 31, 2027, after 32 years with the firm. Marty Franc will succeed him in the key regional leadership role, effective upon Lo's retirement.
US Retiree Wins $50,000 at Rodeos, IRS Questions Hobby vs. Business Income
A US retiree, after starting to receive Social Security benefits, won $50,000 (approximately ₹41.5 lakh) from rodeo competitions. This significant income led the US tax authority, the IRS, to investigate whether his rodeo activities should be classified as a hobby or a legitimate business for tax purposes, impacting how his winnings are taxed.
Tax figures shown are indicative estimates for education only and depend on your specific situation. Consult a qualified tax professional or the Income-Tax Department before acting.