Roth IRA

Of course, there's risk involved in buying stocks in an IRA, but the good news is that if you have a savings window spanning multiple decades, you're likely to come out ahead in the long run, even if there are years during which your investments lose money or underperform. Furthermore, if you're really not comfortable hand-picking stocks, you can always revert to stock-focused … [Read more...] about 3 Ways to Make the Most of Your IRA | Smart Change: Personal Finance

Back in 1999, Peter Thiel was a Stanford graduate and entrepreneur who ran a small hedge fund with a relatively small stake in what would become the leader in online payments. As chairman and CEO of this fledgling startup, he made an annual salary of $73,263, well under the $110,000 maximum earnings allowable to contribute to one of the recently created Roth IRAs, which had a … [Read more...] about How valuable is a Roth IRA? Ask Peter Thiel – Lowell Sun

Buncombe, Asheville property transfers for July 14-17-2021Local Sports High School Huddle Scene Lifestyle Obituaries E-Edition Legals Staff reportsSales filed in Buncombe County for July 14-17:Asheville31 White Pine Drive, $781,000, Marcela Jackson and Earl Jackson to Mackenzie Kristen Deegan23 Utopia Road, $685,000, John Herbert Olson and Jean Marie Shortall to James L … [Read more...] about Buncombe, Asheville property transfers for July 14-17-2021

As more baby boomers enter retirement, many are thinking about how to manage their taxes once they start taking money from their 401(k) and other retirement plan assets. As a refresher, money you take out of your traditional retirement plans (401(k), IRA, etc.) is generally subject to ordinary income tax rates. Depending on your taxable income, those rates can be as low as 10% … [Read more...] about Should you convert retirement assets to a Roth?

Give yourself a big pat on the back if you have built up a nice retirement nest egg after years of scrimping and saving.Congratulations, you're halfway there.Many investors are so focused on accumulating wealth that they neglect the second part of the equation — pulling out money so that you don't deplete it unnecessarily from poor tax decisions."We spend years or decades … [Read more...] about What you don’t know about retirement accounts and taxes will cost you

Check out what's clicking on FoxBusiness.com. Large Roth IRAs owned by the superrich are in the tax spotlight now, and all savers should consider the implications for their own retirement accounts. Recently, the investigative site ProPublica published a new article in its series contending the wealthiest Americans don’t pay their fair share of taxes, based on IRS data it … [Read more...] about What Peter Thiel’s roth IRA means for yours

FILE - In this July 21, 2016, file photo, entrepreneur Peter Thiel speaks during the final day of the Republican National Convention in Cleveland. ProPublica recently uncovered that billionaire and PayPal co-founder Peter Thiel holds his PayPal shares in a Roth IRA, which could allow him to avoid taxes on the … [Read more...] about You too can reap the tax advantages of a Roth IRA | News, Sports, Jobs

The Blessed Sacrament Knights of Columbus met for its monthly meeting July 27 in the Parish Hall at the Knights of Columbus room. Grand Knight Clay Pfeifer called the meeting to order.It was reported the council will participate in the Honor Guard during the State Fair and wear the 3rd Degree shirts on Sept. 2. State Fair bingo was also discussed and workers will be asked to … [Read more...] about Blessed Sacrament Knights of Columbus | Lifestyles

Each year I receive a number of phone calls from clients who have been named as the beneficiary of a deceased loved one’s Roth IRA. A Roth IRA is a special type of IRA for retirement savings. Some benefits of a Roth IRA are that after 59 1/2 years of age, there are no withdrawal requirements and withdrawals are tax free, including the earnings on the Roth IRA asset.Various … [Read more...] about James Contini column on Roth IRAs.

Back in 1999, Peter Thiel was a Stanford graduate and entrepreneur who ran a small hedge fund with a relatively small stake in what would become the leader in online payments. As chairman and CEO of this fledgling startup, he made an annual salary of $73,263, well under the $110,000 maximum earnings allowable to contribute to one of the recently created Roth IRAs, which had a … [Read more...] about How valuable is a Roth IRA? Ask Peter Thiel – Lowell Sun