|
Anti-ICE Protests Spread Nationwide After Minneapolis Shooting The New York TimesWhistles, then gunfire: How the deadly ICE shooting unfolded in Minneapolis CNNTrump news at a glance: Death of Renee Good at hands of ICE sparks nationwide protests The GuardianDozens arrested and one police officer injured in Minneapolis protests BBCMarch in Minneapolis calling for ICE to leave Minnesota draws thousands 5 EYEWITNESS NEWS
|
|
"I really, really hate my job. I do work from home, but I'm very burned out."
|
|
Town cashing-in on China's billion-dollar appetite for luxury durian BBCFirst sea-shipment of Indonesian frozen durian arrives in China, opening new trade route XinhuaDurian growers scent opportunity as Chinese demand spikes The Star | MalaysiaThe ‘Hermès of durian': How Malaysia's Musang King became China's most wanted fruit Yahoo News MalaysiaDirect China-Indonesia sea route for fruit exports opens with durian shipment
|
|
xAI, OpenAI and Anthropic have been rapidly raising more money, adding to the notion of "aspirational" valuations across the AI startup scene.
|
|
Software investor Expedition Growth Capital has reached a $375m final close for its third fund, well up on the roughly $270m it collected for its sophomore vehicle.
The post Expedition Growth Capital continues significant fund size increases with $375m Fund III close appeared first on AltAssets Private Equity News.
|
|
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
|
RELATED ARTICLES | | |
|
Print section
Print Rubric:
How America does, and does not, redistribute income
Print Headline:
For richer, for poorer
Print Fly Title:
Redistribution
UK Only Article:
standard article
Issue:
A hated tax but a fair one
Fly Title:
For richer, for poorer
Location:
WASHINGTON, DC
Main image:
20171125_USD001_0.jpg
AMERICANS are not known for their love of income redistribution. Asked to rank, on a scale of one to ten, how important it is for democracies to reduce inequality, they say only six; Europeans say eight. Yet the country is hardly indifferent to who gets which slice of the economic pie. Three in five Americans say that income and wealth should be spread around more. The most potent charge laid against the unpopular Republican tax plan making its way through Congress is that it is a ...
|
|
