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People Inc., the home of Food & Wine and Southern Living, publishes more food content than anyone else. It's pushing back against the bots with recipes from its culinary hub.
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Administration Is Engaging in Backdoor Student Debt Cancellation Committee for a Responsible Federal BudgetRates on New Student Loans Will Rise on July 1 The New York TimesStudent-loan borrowers can act now to become eligible for a new repayment benefit Business InsiderUS student debt repayment system is being overhauled - here's what to know The GuardianThe Trump administration says it is cutting student loan
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USA vs. Australia takeaways: Winners of Group D, USMNT is redefining World Cup expectations — 'There's something about this one that feels different' Yahoo SportsPulisic sits, but U.S. finds a way vs. Australia to reach World Cup KO rounds ESPNU.S. are (unofficial) world champions, and will we see a new World Cup winner? Day 9 Recap The New York TimesFrom Marshawn Lynch to Paris Hilton: Celebrities pack Seattle Stadium for USA's World Cup win MyNorthwest.com
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AI receptionists can catch missed bookings, answer questions, and free up employees to focus on customers.
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Where Massachusetts wants to take its Scottish love affair next PoliticoThe Scots and World Cup tourists drank Boston bars dry. But what do they think of American craft beer? The Boston GlobeFull hearts, empty kegs, can't lose: Scotland's Tartan Army takes over World Cup ESPN‘The cops bought me an egg and cheese muffin': Boston's love affair with Tartan Army goes on The Guardian
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Editor's note: This is the final part of a seven-part series. It dives more deeply into the third strategy for defusing a retirement tax bomb, which is Roth conversions. If you missed the introductory article, you may find it helpful to start here.
Because they offer tax-free qualified withdrawals, Roth IRAs and Roth conversions can be a critical strategy for defusing the retirement tax bomb that traditional IRAs, 401(k)s and other pre-tax savings accounts can set you up for in retirement.
A Roth conversion is when you transfer money out of a pre-tax retirement account into an after-tax Roth. Typically, every dollar you convert is taxed as ordinary income, unless the pre-tax account was also funded with after-tax dollars.
SEE MORE Don't Move to Another State Just to Reduce Your Taxes
Here's the problem though: Most people who are facing a retirement tax bomb and are still working probably have high incomes and are in a high marginal tax bracket. The last thing they want is a Roth conversion, which adds to their income and would be taxed at high tax rates.
Instead, this is a good strategy to consider in low-income years, especially for people who retire early in their 50s and early 60s who may have several years to do conversions before Medicare means testing surcharges, Social Security income and RMDs kick in. Many of my clients do several years of annual Roth conversions starting early in retirement.
Three Windows for Roth Conversions
The first window for Roth conversions is the years before enrolling in Medicare, but recal
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