President Joe Biden’s 2022 Inflation Reduction Act (IRA) is igniting a growing demand for new and used electric vehicles (EVs). It also incentivizes manufacturers across the entire EV supply chain with credits when they build new or retool existing facilities for EV manufacturing inside the United States. Taiwan’s Foxconn, the global leader in smart manufacturing,…
The US Inflation Reduction Act of 2022 Boosts EV Demand and Supply-Chain Manufacturing
Monetary Gold: Five-Part Informational Series
Why Wealthy Americans Choose to Buy Gold Part 1: Economic Turmoil Joe and Jamie Smith have $100,000 saved for their retirement. They also distrust an economy with the Democratic Party in power. Under the Biden administration, the United States faces unprecedented economic turmoil. The national debt hit the historically high ceiling of $31 trillion. The…
LIVE NOW: NTD News Today (March 13): Biden: US Banking System is Safe; Federal Government Limits Oil Drilling in 16M Alaskan Acres
President Biden said the U.S. banking system is safe at a speech in the Roosevelt Room of the White House on Monday. Silicon Valley Bank and New York-based Signature Bank both folded last week, prompting concern among workers and depositors. These are the largest U.S. bank failures since the 2008 financial crisis. The Biden administration…
NTD News Today (March 13): Biden: US Banking System is Safe; Federal Government Limits Oil Drilling in 16M Alaskan Acres
President Biden said the U.S. banking system is safe at a speech in the Roosevelt Room of the White House on Monday. Silicon Valley Bank and New York-based Signature Bank both folded last week, prompting concern among workers and depositors. These are the largest U.S. bank failures since the 2008 financial crisis. The Biden administration…
IRS Reminds Many Retirees They Must Withdraw Money from IRAs by Special Deadline or Face Penalties
March 10, 2023
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The Internal Revenue Service (IRS) has issued a reminder to retirees who turned 72 last year that, in most cases, they face a deadline on April 1, 2023, to take their first payment from their workplace retirements plans or face penalties. Americans can’t keep their retirement funds in their accounts indefinitely. When they turn 72,…
Northern Ireland Police Review Alleged New IRA’s Claim of Responsibility in Caldwell Shooting
Police in Northern Ireland are reviewing what seems to be a claim of responsibility by the New Irish Republican Army (IRA) in the attempted murder of off-duty inspector John Caldwell. Caldwell, detective chief inspector (DCI) at the Police Service of Northern Ireland (PSNI), was gunned down in front of his teenage son at a sports complex in…
Roll With It
Dear Dave, The other day, my wife and I discovered a Thrift Savings Plan (TSP) we’d forgotten about for over 10 years from my time in the Army. There’s a little over $3,200 in there. We’re both in our 30s, and we’re trying to save up our starter emergency fund in Baby Step 1 of…
The Savings Game: Timing Regular and Charitable IRA Distributions
By Elliot Raphaelson From Tribune Content Agency Question: I recently read that in order to take a qualified charitable distribution from your IRA, you had to take it first before any other withdrawals. Is that correct? Answer: No. It is not necessary to take a qualified charitable distribution (QCD) as your first Individual Retirement Account (IRA)…
Transferring a 401(k) to an IRA While Still Employed
December 27, 2022
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Many employees only consider what to do with their 401(k) plans after leaving an employer, but you may have the option to roll over your retirement savings into an IRA while still working at your current job. Deciding whether or not to transfer a 401(k) to an IRA while still employed depends on your employer’s…
Impact of the SECURE Act on Beneficiaries
By Elliot Raphaelson From Tribune Content Agency IRA (Individual Retirement Account) expert Ed Slott (IRAhelp.com) recently summarized in a recent newsletter the significant impact the SECURE Act of 2019 had on IRA beneficiaries. In this column I will discuss some of the major changes. The first thing to understand about the changes wrought by the SECURE Act is…
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