Tag Archives: withdrawal

New retirement rules in legislation signed by President Biden in December contain a handful of changes to required withdrawals from retirement accounts that score big brownie points with well-heeled seniors. The new law ramps up the age you must start withdrawing required minimum distributions, or RMDs, from individual retirement accounts (IRAs), 401(k)s, and 403 (b) plans, to 73 this year, up from 72. That requirement will leap to age 75 in 2033. Another provision eliminates RMDs from Roth… Source link

A new law increasing the age you must withdraw from your retirement accounts may come with some unexpected and expensive consequences. President Biden inked in December pushes the age that retirees must start taking required minimum distributions, or RMDs, from IRAs, 401(k)s, and 403(b) plans, to 73 this year, up from 72. That will bump up higher to age 75 in 2033. The delay allows investments to grow tax-free even longer and offers a window to sock more tax-deferred dollars away. But… Source link

The U.S. withdrawal from Afghanistan could make terrorist attacks inside the U.S. and abroad more likely, according to an intelligence report distributed yesterday to government and law enforcement agencies. “We assess domestic and foreign violent extremists probably are attempting to exploit the US withdrawal from and deteriorating security situation in Afghanistan to inspire attacks and recruit like-minded extremists online,” reads the Department of Homeland Security report, dated Aug…. Source link

Images of unrest and desperation at the international airport in Kabul spread across the world on Monday as the Taliban took the city and thousands of Afghans sought to flee.  The chaos brought widespread criticism of the U.S. withdrawal, but President Joe Biden said on Monday afternoon that he stood “squarely behind my decision” to begin formally pulling out troops in May. Still, the U.S. exit poses a “real chance” of destroying the Biden presidency, Eurasia Group founder and political… Source link

US President Joe Biden speaks about the Taliban’s takeover of Afghanistan from the East Room of the White House August 16, 2021, in Washington, DC. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) President Biden undoubtedly craves a do-over. While there’s ample justification for withdrawing U.S. troops from Afghanistan after 20 years, nobody would deliberately trigger the disastrous collapse of the U.S.-backed Afghan government that occurred in 10 days. The hasty withdrawal was obviously… Source link

A meditation app is making the most of the the Naomi Osaka/French Open controversy.  Calm vowed on Wednesday to make a $15,000 donation to youth sports charity Laureus Sport for Good in Osaka’s name, citing her “decision to prioritize her mental health.” The app also pledged to pay the fines of any player citing mental health issues who skips a news conference during the 2021 Grand Slam season. For each fine that it pays, it pledged an additional $15,000 to Laureus.  Osaka’s French Open… Source link

European Union Competition Commissioner Margrethe Vestager warned of potential antitrust action against Google or other U.S. technology giants if they threaten to pull out of markets. Vestager told the European Parliament’s economy committee on Tuesday that there could be scope for “investigating if it’s actually legal for a dominant provider to stop supplying” services, adding that the EU “would have a number of tools to use.” Also Read | Bitter home truths for… Source link