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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
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Trump says Venezuela "starting process" of releasing political prisoners CBS NewsWhat the Big Oil executives told Trump about investing in Venezuela CNBCColombian president says Venezuela "will implode" if U.S. runs country for years, as Trump suggested CBS News
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Service door of Crans-Montana bar where 40 died in fire was locked from inside, owner says The GuardianOwner of Swiss bar where deadly New Year's fire killed 40 detained by prosecutors: Officials abcnews.go.comChurch to join day of mourning for Switzerland fire victims Church News
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Trump declares national emergency to shield Venezuelan oil cash AxiosTrump says Venezuela is now 'rich and safe' but on the ground uncertainty remains NBC NewsTrump's Oil Grab Is a Big Problem for the OPEC Cartel The Wall Street Journal‘It's uninvestible': Trump's Venezuela pitch met with skepticism from oil executives CNN
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It's similar to proposals from Democrats Bernie Sanders and Alexandria Ocasio-Cortez.
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Gen Z and social media are helping men's makeup go mainstream. The beauty industry is trying to capitalize CNBCCrowned Skin: Hydrating Body Oils & Butters WGN-TVThe men's skincare revolution: Why Filipino professionals are finally investing in their skin Inquirer.net
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Iran Death Toll Rises as Crackdown Toughens The Wall Street JournalIran protests rage for another night and deaths mount as Trump renews warning of possible U.S. intervention CBS NewsTrump says U.S. is ready to help Iranians get freedom AxiosProtesters in Tehran describe seeing ‘bodies piled up' in hospitals after crackdown by authorities CNN
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Beef Tallow Rises to the Top of the U.S. Food Pyramid The New York TimesWill you notice any change at the grocery store because of RFK Jr.'s new food guidelines? You already have CNNRFK Jr.'s advice on sweets would upend American childhood PoliticoOpinion | The problem with national dietary guidelines The Washington PostThe chaos and confusion of RFK Jr.'s new alcohol policy USA Today
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What's happening with a generation feeling burned out by the "broken promise" of the American dream.
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Certain AI-proof jobs are likely to earn higher compansation this year, but technology's influence on the job market is unmistakable.
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Topic: MediaIn the young Olympic event of "speed climbing," Sam Watson (USA) set two new world records, breaking his own previous world record. For that, he got the Bronze medal. The reason he did relates to some concepts I have been mulling over about what makes a good spectator event. The Olympics are the rare time when a whole bunch of sports that are generally relatively obscure become big-audience, big-advertising events. Spectator sports are sports as entertainment, but they are also still athletic.
Watson got the bronze because speed climbing is run in the "pyramid" or "playoff" style where two climbers "race" and the winner of the race advances or gets a point. This is a common style used in lots of sports, and in most of the "mega" spectator sports that get 90% of the audiences and money (Football, Baseball, Basketball, Hockey, American Football, Cricket etc.) Watson set one new WR in the early rounds, but he had a minor stumble in the semi-finals so he missed the gold medal "round" and in his bronze metal match set a new WR that was not matched in the official goal medal match.
The problem is this -- there's really no "match" aspect to this particular sport. The two climbers are really just racing against a clock, and the fastest time wins. They rarely glance at their opponent, and while they may have some peripheral perception, in a good run they are racing only the clock. (If an opponent has a very poor run, and falls or stumbles majorly, a climber might notice that and slow down and be more careful, now that a win is assured for them if they
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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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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 ...
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