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IDF captures Hezbollah drone factory and launch site hidden inside south Lebanon mountain The Times of IsraelIsrael directs its military to limit its actions in Lebanon, though tensions persist. The New York TimesIsraeli strikes kill at least 20 in Lebanon hours after ceasefire Reuters
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Middle East live: US-Iran peace talks underway as strait of Hormuz remains closed The GuardianTrump threatens Iran on Lebanon amid nuclear talks The HillTrump says US will resume attacks if Iran does not restrain Hezbollah allies ReutersTrump: If Tehran doesn't stop Hezbollah making trouble, ‘we'll hit Iran
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Mideast Live Updates: New Round of U.S.-Iran Talks Set to Start in Switzerland The New York TimesVance arrives in Switzerland as fighting in Lebanon threatens to derail talks CNNIranian, US negotiators in Switzerland to sort out details to end the war Australian Broadcasting CorporationIran war live: US, Tehran set to hold high-level talks in Switzerland Al Jazeera
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Oil prices had already fallen quite dramatically on Thursday and Friday, in anticipation of an imminent deal. President Trump has posted online that the Strait of Hormuz will reopen after the deal is signed on Friday.
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If you're like most Americans nearing retirement, you're worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they've saved enough to retire comfortably.
At a time when the stock market is down, inflation is rising and Americans are living longer than ever, concerns over the sustainability of retirement savings are no surprise. What you may not realize is that there are approaches that can stretch the savings you do have to position yourself more favorably in retirement.
SEE MORE Even the Experts Can't Figure Out How to Plan for Retirement Income
One such strategy is Roth IRA conversions. Essentially, when you make a Roth conversion, you pay the taxes that would otherwise be due during retirement at the time you convert. Then, when you retire, you've already paid the tax that you would otherwise pay during retirement on required minimum withdrawals (RMDs) from traditional IRAs. As tax laws currently stand, those withdrawals must begin at age 72.
By engaging in Roth conversions, you gain freedom from at least some of your RMD requirements, while also positioning yourself to ultimately pay lower taxes in retirement. In this article, I'll walk you through the four-step process you can follow to lower your taxes and stretch your savings dollars further in retirement.
Step #1: Assess Your Retirement Savings
The first step in this process is to analyze your retirement savings. By
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