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 […]
Trump budget: GOP discovers new significant holiday deadline amid Medicaid and IRA disagreement
Republicans Aim for July 4th Bill Passage Some Republican leaders are pushing to get a significant piece of legislation that enshrines President Donald Trump’s agenda into law by July 4th. This timing aligns with the 250th anniversary of the United States, and there’s hope that the bill could arrive at Trump’s desk for his signature […]
How should investors handle their 401(k) or IRA during market volatility?
“Claman Countdown” panelists Jack Janasivic and Keith Fitz Gerard discuss how to deal with market volatility in their tariff policy. Financial markets have experienced historic volatility amid rising uncertainty from President Donald Trump's trade war with China and other countries, with experts saying investors should stick to long-term plans and resist the urge to make […]
Disgruntled police in Northern Ireland responsible for IRA leaks after Good Friday agreement | Good Friday agreement
Newly released Irish Government Archives claims that members of the Royal Ulster Police, disgruntled with members of the British government, committed a series of large-scale attacks during and after the enactment of the 1998 Good Friday Agreement in Northern Ireland. was responsible for the leak. Irish Foreign Office officials specializing in justice and security prepared […]
Ira Rennert who owns $425M Hamptons estate ordered to stand trial in lead-poisoning case
Ira Renato, the reclusive billionaire who is one of the Hamptons' largest real estate owners, may soon find himself in the spotlight over allegations of lead poisoning at a mine in Peru — a case he has been fighting for nearly 20 years. I've been trying to do that. The 90-year-old founder of New York-based […]
An ex-Meta employee and FIRE blogger explains how he used the 'mega backdoor Roth' strategy that allows high-earners to bypass Roth IRA income limits and contribute up to $69,000 in a 401(k) – Business Insider
Andre Nader built a seven-figure portfolio by saving and investing in index funds. He leveraged his technology career and dual income household to maximize his savings and investments. One of the strategies he used to make the most of his tax-advantaged accounts is known as the “mega backdoor loss.” Andre Nader saved a portion of […]
Op-ed: Your kids need a Roth IRA. It's the 'golden egg' savings vehicle for young people – CNBC
Jason Doy | E+ | Getty Images As a financial advisor and mother of three children, I know the power of compound interest and the value of early work experience and learning to save and invest for yourself. My kids (ages 15, 12, and 11) have been tutoring, filing, shredding, cleaning, and even doing info […]
Johnson: GOP could keep some IRA credits
TerraPower's announcement came as House Speaker Mike Johnson (R-Louisiana) called for the repeal of “wasteful Green New Deal tax credits,” but also said Republicans could keep some of the Inflation Reduction Act (IRA) tax credits intact. {beacon} Energy and Environment Energy and Environment Full text 12 Democratic lawmakers seek fast approval of new gas […]