European Commission President Ursula von der Leyen on Sunday said the European Union must act to address “distortions” created by the Biden administration’s Inflation Reduction Act (IRA)—part of Biden’s “Made in America” push. The EU and United States are treading precariously close to a major trans-Atlantic trade dispute at a time when the two Western…
EU Will Respond to ‘Distortions’ in Biden’s Inflation Reduction Act: Von der Leyen
December 4, 2022
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A Few Tips to Help You Start Investing in Gold
Everyone is feeling the pain of inflation. It’s hitting us hard in the pocketbook. And although the definition of recession has been put into question, it seems as if more analysts are coming to a consensus that the worst of the economy has yet to emerge. Naturally, American households are worried about their financial future….
The Savings Game: IRS Guidance on Inherited IRAs, and Other Reader Questions
By Elliot Raphaelson Q: I recently inherited a traditional IRA from my deceased mother, who was 76 and had been taking RMDs each year. Based on everything I had read, I thought that I did not have to take any required distributions (RMDs) in years one through nine, but I would be required under the 10-year…
Alleged New IRA Members Accused of Terrorist Offences After Covert MI5 Recordings
Two men accused of being members of the New IRA terrorist group have been remanded in custody by a court in Northern Ireland. The pair were among four men arrested in west Belfast earlier this week as part of an investigation by MI5 and the Police Service of Northern Ireland, which dates back to 2020….
Washington’s Flawed New Law: Part 2
August 26, 2022
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Commentary This article is the second of a three-part series on the problems with the recently passed Inflation Reduction Act (IRA). The first in this series introduced the act and took up its focus on Washington’s preferred green initiatives. This second part will take up the revenue sources that the law dubiously claims will more than…
7 Roth IRA Secrets You Have To Know
Pop quiz. What’s the greatest wealth-building tool? Dave Ramsey says it’s income, while Daniel Mollat wrote a book entitled, “Stock Options: The Greatest Wealth Building Tool Ever Invented.” For my money, it’s the Roth IRA. What’s a Roth IRA (And Why You Need it In Your Life) Roth IRAs were first introduced in 1997 and are…
Retirement Savings: 401(k), Individual Retirement Account (IRA), and Roth IRA
Social Security benefits were designed to supplement our income needs in retirement by providing about 40 percent of what a retiree might need for a comfortable life based upon pre-retirement income. Beyond Social Security, financial planners suggest we plan to depend upon 80 percent of what we were earning in the years leading up to…
Can You Save for Retirement Without a 401(K)?
Here’s a pop quiz for you. When you hear the word retirement, what immediately comes to mind? Some of you might have visions of traveling the world, playing golf, or hanging out with your grandkids. But, for most of you, you’re probably thinking about your 401(k). Since first introduced in the early 1980s, defined contribution…
How an IRA Works
A 401(k) plan gives participants little choice. The company will have selected the fund manager. The fund manager will decide how to invest the employees’ money—and the employees can watch it grow. Funding an IRA requires initiative from the participant. You can obtain an IRA from a bank or a brokerage or a financial investment…
What Is an RMD and How Will It Help You Retire?
When it comes to your retirement, you did everything right to be ready. You developed a retirement plan that took into account your lifestyle, health care, and potential bumps in the road. And, you went ahead and created a budget to ensure that your retirement plan would come to fruition. Do you have everything ready…
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