Can we revisit how to contribute IRA funds to eligible charities?
Dear Liz: Please address recent inquiries regarding how to make a qualified charity distribution from an IRA using a debit card. Some large mutual fund companies inform their customers that checks drawn from IRA accounts for charitable donations qualify as QCDs. So, whether you use a check or a debit card, it seems like they […]
Roth IRA and Roth 401(k) contributions: ‘It’s strength versus choice,’ advisor says
laylabird | E+ | Getty Images Contributing to a Roth 401(k) or a Roth IRA can be a strong strategy for accumulating wealth for retirement. However, there isn’t a tax-free upfront payment for these contributions, which means you won’t avoid taxes when withdrawing in retirement. Additionally, the original account holder isn’t required to withdraw funds. […]
Well-known newspaper leader and writer Ira Ellenthal has passed away at 88: ‘Unique in every way’
Ira Elenthal, a notable figure in the newspaper industry, known for his leadership at the New York Daily News and the Atlantic, passed away peacefully in 1988 at his Old Greenwich, Connecticut home. A native of Queens, Elenthal was deeply rooted in the newspaper realm, with a father who worked in the business. He took […]
Irish Woman Sues Disney for Series Depicting Her as IRA Assassin
Ireland’s Marian Price is suing Disney over her depiction in a series set in 1970s Belfast, amid significant conflict between Ulster Protestants and Catholics during that time. The show, I Won’t Say Anything, centers around the disappearance and murder of Jean McConville, a mother of ten who went missing in 1972. This true story follows […]
Authorities act to remove 82-year-old convicted IRA terrorist
Potential Deportation of Former IRA Members from the US Long-time residents in North America, including convicted IRA members, may be facing action from U.S. authorities. Gabriel Megahee, 82, has been living in New York for decades, but a letter from the Department of Homeland Security on June 20 indicated that his “parole” has ended after […]
Where should I invest my money after taking it out of my IRA?
Financial Questions and Insights In collaboration with WBEZ, we’re collecting your inquiries regarding money and finance, offering insights weekly from trusted sources. Seventy-year-old Linda, hailing from Oak Forest, expressed concern over managing her retirement fund. She mentioned: “In October 2025, I can withdraw from my IRA without facing penalties. I invested $50,000 over the last […]
At 66 and retired with $1.9M in an IRA, should he buy a vacation home outright or finance it?
The 66-year-old retiree is facing a classic dilemma that many encounter when considering how to add some excitement to their retirement years. He detailed his situation in a post at the R/Resignation Forum. Recently retired and living quite comfortably on Social Security and pensions, he has no mortgages and around $1.9 million in savings. Now, […]
Avoid Double Taxation: Learn Ways to Save Thousands on IRA Withdrawals
An audit of Susan’s IRA transactions showed she had paid $50,000 in income tax, despite being eligible for a tax exemption. She thought her IRA custodian would inform her about the taxable and non-taxable portions of her distributions, but that assumption was incorrect. As someone managing her IRA, it was her duty to understand how […]
New report reveals 3 IRA and 401K errors that might lead to significant losses.
Concerns Over Retirement Savings Do you have at least $200,000 saved through your IRA and 401(k)? If so, do you count on that for your retirement expenses? If you ever worry it might not be enough, you’re definitely not alone. A recent study from Allianz Life found that 64% of Americans fear running out of […]
Trump’s initial 100 days show the poorest results since 1974. What impact will that have on your IRA?
Market Reactions in Trump’s First 100 Days In the early days of President Trump’s administration, the stock market has felt quite the jolt. The S&P 500 index experienced an approximate 8% drop during his first 100 days, marking the worst performance for this period since Gerald Ford’s presidency back in 1974. This downturn was largely […]