By Patrick Kuster, AIFWhen deciding to convert traditional IRA funds to a Roth IRA, we generally start by thinking in terms of taxes. I mean, if it wasn’t for taxes, why would we consider converting in the first place? But we don’t want to convert too much in any given year, as we don’t want to put ourselves in too high of a tax bracket or pay more taxes than we can stomach. … [Read more...] about Converting? Don’t Forget Medicare – Retirement Daily on TheStreet: Finance and Retirement Advice, Analysis, and More
How Do Mega Backdoor Roths Work? – The Madison Leader Gazette
A mega backdoor Roth is a unique 401(k) rollover strategy that’s designed for people whose incomes would ordinarily keep them from saving in a Roth Individual Retirement Account. The advantage of using a Roth IRA to save for retirement is being able to make tax-free qualified withdrawals. But not everyone can contribute to these accounts; higher-income earners are excluded. … [Read more...] about How Do Mega Backdoor Roths Work? – The Madison Leader Gazette
Average 401(k) Continued Hot Streak in July
While it slipped a bit at the end, July turned out to be another good month for the equity markets—and those average 401(k) balances? Well, it turned out to be a good month for them as well, extending the gains that they’ve experienced in recent months. The S&P 500 notched its sixth consecutive month of gains, rising 2.3% in July, while the Dow gained another 1.3%, just … [Read more...] about Average 401(k) Continued Hot Streak in July
Owner seeks appeal of dangerous dog designation after 2-year-old attacked
August 06, 2021 LUMBERTON — The Robeson County Sheriff’s Office, with the assistance of the U.S. Marshals Service Carolinas Fugitive Task Force and Federal Bureau of Alcohol, Tobacco, Firearms and Explosives, has arrested more than 30 people since Thursday, including a man who threatened a judge. Multiple warrants throughout Robeson and surrounding counties were served … [Read more...] about Owner seeks appeal of dangerous dog designation after 2-year-old attacked
Sen. Young withdraws support for $1 trillion infrastructure bill
U.S. Sen. Todd Young of Indiana. (IBJ file photo) While most of the bipartisan coalition seeking to push a $1 trillion infrastructure package through the U.S. Senate appears to be holding together, Republican Sen. Todd Young of Indiana withdrew his support Sunday for the pending legislation. “While I’m eager for a bill that … [Read more...] about Sen. Young withdraws support for $1 trillion infrastructure bill