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Trump announces one-year 10% cap on credit card interest rates The GuardianTrump says he will temporarily cap credit card rates PoliticoTrump urges credit card companies to slash interest rates to 10% for one year CBS NewsTrump calls for a 10% cap on credit card rates in his latest appeal to affordability concerns CNN
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Trump says Venezuela "starting process" of releasing political prisoners CBS NewsWhat the Big Oil executives told Trump about investing in Venezuela CNBCColombian president says Venezuela "will implode" if U.S. runs country for years, as Trump suggested CBS News
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Service door of Crans-Montana bar where 40 died in fire was locked from inside, owner says The GuardianOwner of Swiss bar where deadly New Year's fire killed 40 detained by prosecutors: Officials abcnews.go.comChurch to join day of mourning for Switzerland fire victims Church News
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"I really, really hate my job. I do work from home, but I'm very burned out."
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Mother and stepfather arrested for alleged child abuse amid search for missing Oklahoma boy abcnews.go.comParents of missing 12-year-old Oklahoma boy at center of 'suspicious disappearance' charged KOCOCommunity gathers in Chickasha as search continues for missing 12-year-old RJ Davis KFOR
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Certain AI-proof jobs are likely to earn higher compansation this year, but technology's influence on the job market is unmistakable.
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Growth equity firm Integrity Growth Partners has raised $220m for its debut fundraise, after eight years of deal-by-deal investing.
The post Long-time deal-by-deal investor Integrity Growth Partners seals $220m debut fundraise appeared first on AltAssets Private Equity News.
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Editor's note: This is the final part of a seven-part series. It dives more deeply into the third strategy for defusing a retirement tax bomb, which is Roth conversions. If you missed the introductory article, you may find it helpful to start here.
Because they offer tax-free qualified withdrawals, Roth IRAs and Roth conversions can be a critical strategy for defusing the retirement tax bomb that traditional IRAs, 401(k)s and other pre-tax savings accounts can set you up for in retirement.
A Roth conversion is when you transfer money out of a pre-tax retirement account into an after-tax Roth. Typically, every dollar you convert is taxed as ordinary income, unless the pre-tax account was also funded with after-tax dollars.
SEE MORE Don't Move to Another State Just to Reduce Your Taxes
Here's the problem though: Most people who are facing a retirement tax bomb and are still working probably have high incomes and are in a high marginal tax bracket. The last thing they want is a Roth conversion, which adds to their income and would be taxed at high tax rates.
Instead, this is a good strategy to consider in low-income years, especially for people who retire early in their 50s and early 60s who may have several years to do conversions before Medicare means testing surcharges, Social Security income and RMDs kick in. Many of my clients do several years of annual Roth conversions starting early in retirement.
Three Windows for Roth Conversions
The first window for Roth conversions is the years before enrolling in Medicare, but recal
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