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
Roth IRA
Buncombe, Asheville property transfers for July 14-17-2021
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
Should you convert retirement assets to a Roth?
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?
What you don’t know about retirement accounts and taxes will cost you
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
What Peter Thiel’s roth IRA means for yours
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