|
We reached out to business owners who paid those Trump tariffs that have been struck down by the Supreme Court as unconstitutional. The question on their minds: will they get their money back? How will they get their money back?
|
|
Mario Barrios vs. Ryan Garcia results: 'King Ry' scores knockdown in one-sided win to claim welterweight title CBS SportsBoxing is better when Ryan Garcia is on top of his game ESPNRyan Garcia defeats Mario Barrios to win WBC welterweight title Al JazeeraMario Barrios vs. Ryan Garcia predictions: Will Garcia finally become a world champion?
|
|
Trump's response to Supreme Court tariff ruling opens new era of uncertainty The Washington PostSupreme Court gives Trump — and the rest of the GOP — a gift in disguise CNNTrump Says He Will Raise Global Tariff to 15 Percent The New York TimesIn Dallas, U.S. Treasury Secretary says Supreme Court ruling removes President Trump's ability to quickly leverage tariffs CBS NewsTrump ups tariffs to 15%. How much has Indiana paid so far? IndyS
|
|
Here's what an analyst says could end the AI panic that's gripped Wall Street AOL.comAI Agents and the Software Meltdown Barron'sIs the share market headed toward a ‘SaaS-pocalypse' - and what would that mean? The GuardianSoftware stocks are sliding. Is it time to 'buy the dip'? USA TodayThe software split: Road builders vs. toll booths (ADBE:NASDAQ) Seeking Alpha
|
|
DHS pausing TSA PreCheck, Global Entry programs amid funding lapse NBC NewsDHS will suspend TSA PreCheck and Global Entry as shutdown continues The Washington PostHomeland Security suspends TSA PreCheck and Global Entry airport security programs AP NewsNoem swipes at Democrats over DHS shutdown after DC emergency declaration for Potomac spill The HillUS DHS to
|
|
Governments and companies around the world scrambled Saturday to determine the impact of the U.S. Supreme Court ruling that struck down some of the Trump administration sweeping global tariffs.
|
|
This Ocean Is Losing Salt at Unprecedented Speed, And It Might Just Turn Our Climate Plans Upside Down The Daily GalaxyFreshwater surge threatens Southern Indian Ocean ‘conveyor belt' Oceanographic MagazineThe Indian Ocean is turning into freshwater very quickly, and this could change the climate of the entire planet. CPG Click Petróleo e GásThe Indian Ocean is rapidly losing salt content. Seawater becoming fresher and threatening marine life The Tanzania Times
|
|
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
|
|
The Kim Jong Un regime moves millions of dollars around the world despite sanctions and pressure on international banks to curtail its activities. The hidden system is central to the country's efforts to keep its economy afloat.
|
|
