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Shares of asset managers fell due to worries over a private-credit fund managed by Blue Owl Capital, triggering broader anxiety about spillover effects.
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A major winter storm on Sunday and Monday is expected to bring delays and cancellations across much of the Northeast.
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 Topic: RobocarsTags: forbes
Tesla is "cheap and everywhere first, they hope for safe." Waymo is "Safe first, then expand and lower costs." MobilEye thinks there is a zig-zag through the middle
Read more at Forbes.com in Intel s MobilEye Plans A Third Path To Robotaxi, Unlike Tesla, Waymo
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When professional baseball player Austin Barnes extended his contract with the Los Angeles Dodgers for another two years, he specifically included in the agreement a commitment on his part to make charitable donations.
That was a generous move and a financially savvy one all at the same time. He can put his money to work helping causes he believes in, while also enjoying tax advantages.
SEE MORE Which Type of Donor-Advised Fund Is Right for You?
Most of us don't have multimillion-dollar professional sports contracts like Barnes, but there are ways to increase your own donations and, at the same time, reduce your tax bill.
After all, you probably have a cherished cause — a church, an animal rescue organization, a homeless shelter or some other nonprofit — that you want to help. With charitable donations, you can choose specifically how your money is put to use, which isn't the case with your tax dollars, which just go into the big tax pot in Washington.
Think of it this way: If you were told that you aren't going to be able to keep $10,000 anyway, wouldn't you prefer to have a say in exactly how it is spent?
With that in mind, here are five ways to make charitable giving a key part of your financial plan:
1. Set up a donor-advised fund (DAF)
This is a strategy that isn't put into play often enough, in part because many people don't know about it. A donor-advised fund allows you to make a sizable charitable donation that you can claim immediately as a tax deduction. The money isn't donated immediately, though. Inste
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Editor's note: This is part five of a seven-part series. It dives more deeply into the first strategy for mitigating a retirement tax bomb, which is to shift retirement savings from pre-tax to after-tax accounts, including Roths and HSAs. If you missed the introductory article, you may find it helpful to start here.
If you're facing a retirement tax bomb, there are three main strategies to defuse it: shifting retirement savings from pre-tax accounts to Roth and HSA accounts, implementing asset location, and executing Roth conversions.
I consider shifting your savings to be the first line of defense, because it's the easiest solution to implement. However, to really get the job done, you'll likely need to implement all three strategies.
There are two flavors to shifting savings, one uses Roth retirement accounts, while the other uses health savings accounts (HSAs).
Shift Retirement Plan Contributions from Pre-Tax to Roth
Perhaps the easiest solution to implement is simply changing your retirement plan contributions from pre-tax to Roth. You'll lose the tax deduction in the current year, and you may have to explain to your accountant why you made the change. However, any company match is tax-deferred, so even if you switch to 100% Roth, the employer match and your investment return means the tax-deferred account will still grow.
SEE MORE Find Out in 5 Minutes If You Have Enough to Retire
Many of my clients aren't aware they have a Roth option in their 401(k)/403(b), or they mistakenly think they can't contribute to one because of i
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