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Iran fires missiles toward US-UK base in Indian ocean, Iran's Mehr says ReutersMiddle East crisis live: Trump considering ‘winding down' war; Iran reportedly fired two missiles at Diego Garcia military base The GuardianIran targeted but did not hit Diego Garcia base with missiles, WSJ reports CNBCIran Target
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Bad news for anyone sliding into the DM's—Instagram will no longer support encrypted messaging.
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US prosecutors allege two employees and a contractor conspired to illegally ship servers through south-east Asia
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President says US ‘very close' to meeting military objectives, though Pentagon orders more troops to Middle East
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I replaced five tools and saved 20-plus hours a week.
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Some weapons used in Gulf would be crucial in early phases of any conflict with China
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Bond markets across the globe are under pressure, but the U.K. government bond market is under attack like no other.
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Another DHS funding vote coming to House floor PoliticoD.C. Memo: DHS funding still stalled as Dems insist on ICE reforms MinnPostSenate rejects DHS funding bill a fifth time PoliticoGOP senator suggests 2-step move to break DHS funding deadlock The Hill
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Weaver names pair of tax partners; RubinBrown appoints assistant managing partner; and more news from across the profession.
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Driver who killed family of 4 in West Portal crash sentenced to probation by San Francisco judge ABC7 San FranciscoWoman, 80, receives probation and no jail time over San Francisco crash that killed four The GuardianSan Francisco Driver Gets Probation After Killing a Family of 4 The New York Times
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Striking Down Pentagon Press Limits, Judge Vindicates Independent Journalism The New York TimesJudge Rules Pentagon Restrictions on Press Are Unconstitutional The New York TimesJudge sides with New York Times in challenge to policy limiting reporters' access to Pentagon YahooPentagon policy limiting independent press access is unlawful, judge rules CNNThe Pentagon's New Press Rules Violate
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Why the US wants to protect Iran's oil and gas VoxExclusive: Qatar's energy boss says he had warned of dangers of provoking Iran ReutersTrump's Complaint About Israeli Strike on Gas Field Exposes Divergent Strategies The New York TimesIran hits Gulf energy sites, escalating war, as U.S. mulls sanctions rollback The Washington Post
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Oil prices settled higher Friday, with global benchmark Brent crude posting a fifth straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East.
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A Look at the Escalating Battle for the Strait of Hormuz The New York Times‘Cowards': Trump slams NATO over lack of support in US-Israel war on Iran Al JazeeraSeven U.S. allies back potential Strait of Hormuz coalition AxiosTrump says the "fight is militarily won" and calls allies "cowards" over Strait of Hormuz CNN
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White House revises its DHS offer as talks to end shutdown pick up PoliticoTalks intensify in Washington to end DHS shutdown as airport delays mount nationwide CNNDHS shutdown urgency grows as negotiators hold more funding talks NBC NewsRead the White House Letter to Senate Republicans The New York Times
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Graphics show the scale of extreme heat hitting the US AP NewsView Full Coverage on Google News
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The unit will now be renamed Threadline Wealth, backed by investment from the Cynosure Group, and have $5.8 billion in client assets under management
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Arm increasingly benefits from central processing units that are becoming "indispensable" in AI data centers.
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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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Star manager's flagship fund has fallen by a quarter this year as investors ditch tech stocks
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