17 Burst results for "Charlotte Hall"

"charlotte hall" Discussed on WTOP

WTOP

01:47 min | 2 months ago

"charlotte hall" Discussed on WTOP

"At barracks motors dot com. It's a busy Wednesday afternoon before Christmas at 3 28 traffic and weather on the eighth. Stateville died in the W T o p traffic center. You can say that again, it's probably one of the busiest afternoons of the year. Volume delays are intense around the Beltway. We've got plenty of crashes, but because speeds are much lower than you do. Visual. The crashes that are happening are a little bit more minor, and so they're ending up on shoulders Quicker, yes, and car parts and bits of debris. But all the crashes and mishaps on the Beltway and on 95, as far as we know, are on shoulders, Really the driving force behind the angst, and the first frustration right now are the higher highway volumes that we're experiencing very heavy traffic toward the Legion Bridge on both loops of the Beltway. Early volume delays North out on 2 73 Frederick County, There's a crash on I 70 westbound before 97 Westminster. Cooksville. It's blocking the right side car to the guard Rail. We've got weekend volume delays on a Wednesday for the getaway through Frederick on 70 westbound toward Braddock Heights. 95 New Crash reported near 1 95 B W Parkway be Wi Marshall Exit B W Parkway. Volume delays both ways between Fort Meade and the Capital Beltway. No delays on 50 of the Bay Bridge if you're going that way, serious crashed Charlotte Hall South bound on Route five routes, Sex under police direction in Virginia, Long volume delays up and down I 95 East and West. Tonight. 66 in downtown 3 95 with work songs of the 14th Street Bridge and on the Southwest Freeway, still tying up the left Travel lane, Dave Don't nine w t o P. Traffic. Let's get the forecast now from Lauren Rickets calm before the storm today more clowns through the afternoon temperatures in the forties. Overnight. We stay in the forties Weather alert tomorrow. Flash Flood watch in effect for everybody starting at one PM tomorrow. Rain.

14th Street Bridge Legion Bridge Bay Bridge Frederick County Frederick Lauren Rickets Fort Meade Stateville Charlotte Hall Wi Virginia Dave
"charlotte hall" Discussed on WTOP

WTOP

01:46 min | 2 months ago

"charlotte hall" Discussed on WTOP

"Golden Beach Road is diverting into the Charlotte Hall Service road at the shopping center with the crash, you'll be following police direction. Married to pump a w T o p traffic. 17 4 meteorologist Brianna Berman solo last day of fall here. Yes, Winter officially starts tomorrow, but hey, even ahead of this winter solstice. We've been feeling like winter all weekend. This morning. Much of the same with that cold air really filtering in here, and we do have a low chance of passing snow showers. Thirties to start upper thirties, so low forties this afternoon overnight patchy fog for your Monday morning and it looks like we're mostly drive Monday afternoon with highs in the low to mid forties. Monday night through Tuesday morning. We may see a few more passing showers Tuesday afternoon. It's partly sunny and breezy with highs in the upper forties, and it looks like Wednesday will be on the scene and very quiet day. Mostly sunny skies mid to upper forties with rain on the way for Christmas Eve Thursday. I'm Storm Team four. Meteorologist for government solo right now, 36 degrees in buoy had 30 36 in old town, Alexandria, 33 in Ashburn. We have 36 degrees here at W t o p this'll His w T o P. Your resource for today's top news, traffic and weather, always connected and constantly updated. W T O p never miss a moment w T O P s top news has brought to you by long fence 20% off savings on fences, Tax and papers. Go toe long fence dot com. Good Sunday morning. I'm John Doman. Luke Luke. It is our producer and coming up. There's a reported agreement on a coronavirus relief package as a government shutdown looms. Shipment. So he's second.

Luke Luke Brianna Berman Charlotte Hall John Doman producer Alexandria Ashburn
"charlotte hall" Discussed on WTOP

WTOP

03:05 min | 7 months ago

"charlotte hall" Discussed on WTOP

"Double d T o p. Traffic Senate. Art In general again, the roads around the immediate D C metro area are without incident and carrying less traffic than usual outer loop of the Beltway. Near Exit nine. Allentown Road report of one broken down could cause a sudden slowdown. But in general again, Beltway traffic and interstates beyond are in good working order, Route 50 of the Bay Bridge. No delays. No restrictions both spans air open but in southern Maryland Jesus was a big deal. There are dozens of road closures from small streets to state highways. In some cases, it's for high water that's just slow to recede. In other cases, it's because of flood damage that will take a while to repair. And in Charlotte Hall. It was a serious accident involving a tree that came down. It's under investigation. South bound Route 53 notch road remains closed at a point north of Route six. Maryland, six east of Charlotte Hall is still impassable Bayside Road north of Ponds would road is still closed, and the flooding closures list is very lengthy, Chaptico and other portions of Maryland to 34 Budd's Creek Road. You're Chaptico Creek, Newport Run ST Clements Creek are closed. Many portions of Route five point lookout. Roads are closed. Also. Near waterways likes ST Clements Creek like Macintosh, run late, like the ST Mary's River, Brandywine Road is still closed at Swanson Creek at the Charles County line. There were several water rescues earlier today at the height of the storm. Huntingtown Plum Point Road east of Route Four is still closed and root for north and it was a crash After Talbot you were getting by single file. Under police direction. Try craft P three portable protein packs up to 13 grams of protein from meat, cheese and nuts and with convenient on the go packaging P three. Is there for your commute or wherever, wherever you need a boost of energy. Dave Tilden w T o p. Traffic. Let's find out what's going on with the weather. Now after the tropical storm move through storm team for Samara Theodore Tropical Storm Easy is has cleared the region. However, we're still dealing with a lot of the impacts left behind, including flooding that was a primary concern. This morning. So many roads are flooded out. Be careful as we head through the afternoon and two tomorrow afternoon. We have a coastal flood advisory in place for those living along the coast. Keep that in mind some water still rising along streams and rivers. As we headed through your Tuesday evening, a chance for a stray shower storm can't be ruled out moving in from the West. Temperatures will be in the mid eighties. This afternoon. Overnight. We're clearing and drying, quieting down after sunset mostly clear tonight temperatures around 70 degrees tomorrow. High temperatures will be in the mid eighties and a chance for evening storms both Thursday and Friday. Also look wet, with showers and center storms likely and highs in the low eighties. I'm starting for meteorologists, Samara Theodore Temperature's starting to move up toward the 80 degree mark and beyond. After a cool morning we're sitting at 82 degrees in Northwest. CIA to 30 Thiss is w t O p Your resource for today's top news, traffic and weather always.

Clements Creek Maryland Samara Theodore Tropical Storm Charlotte Hall Chaptico Creek Samara Theodore Temperature Senate Swanson Creek Bay Bridge Chaptico Dave Tilden CIA Talbot Charles County
"charlotte hall" Discussed on KFI AM 640

KFI AM 640

02:23 min | 2 years ago

"charlotte hall" Discussed on KFI AM 640

"Information about contests on this station. Go to kfiam640.com slash rules. Jennifer Jones, legal theory and Shannon in cash. Tim Conway junior who will survive, and what will be left of them. Find out weekdays. As on KFI, an iheartradio station. We're taking telephone calls here on the Rick Edelman show off to Charlotte hall, Maryland chats on the phone welcome to the program Chet. How are you? I am great Rick. Thank you very much. How can I help bridge? Several yearbooks. In watched listening to your show for years. I guess my question is now that I'm seventy three and have been taken this RND requirement. How should I take that? I've been taking an annual basis in December. Should it be taken it monthly yearly a percentage I kind of like a thought of reverse dollar cost averaging method? That's exactly what you're doing. That's exactly right. So let me back up and let everybody know what we're talking about here. If you have a retirement account such as an IRA or retirement account at work like a 4._0._1._K or four three bay or the thrift savings plan is a federal employee. If you have any kind of these retirement accounts starting at age, seventy and a half you have to begin making withdrawals out of the account. Now, the rules are very complicated and technical in terms of when you have to start and how much you have to withdraw and which account you must make withdrawals from if you don't follow the rules, very carefully. You could not only. Kerr taxes, but you'll also incur penalties of as much as fifty percent of what you were supposed to have withdrawn. But didn't. So you've gotta make sure you get it. Right. But here's the point. Once you do start to make these withdrawals. These are called required. Minimum. Distributions the IRS tells you how much you must withdraw. There's a minimum amount you must withdraw and it's required. Hence the name. Our MD required minimum distribution when you begin to do it. You have choice. You can take the money is a single lump sum once a year or you can take the money during the year whenever you feel like it or you can do it systematically such as taking the same amount of money every month like clockwork..

Rick Edelman Tim Conway Jennifer Jones KFI Shannon Charlotte hall Maryland IRS fifty percent
"charlotte hall" Discussed on KTRH

KTRH

03:26 min | 2 years ago

"charlotte hall" Discussed on KTRH

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS rules as I. Mentioned if you don't do it correctly, you could pay a fifty percents penalty. And what do I need by doing a correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA maybe his name another IRA in her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the accounts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people often make. Especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on when you withdraw the money they based the calculation on the value of the account on the prior December thirty one so based on that you might accidentally withdraw too little based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules or cumbersome and the penalties for error are usually not only severe, but they are yielding. Meaning if you try to complain to the tax court, you're most likely going to lose that case. So we strongly encourage you to work with a financial advisor and a tax advisor, not only to make sure the calculations are, correct. But so that if they're. It is a mistake. Your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or omissions. And reputable advisor will certainly stand behind their advice to say, oh, we told you to do it. We were wrong. We will make you whole not for the taxes. You have to pay those, but for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account. Well, that sounds good. And we do only have two accounts, and I do coordinate with my accountant, so good. We make sure that the amount is right. I always take out an extra two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was too. So thanks very much for your call. You're welcome. Have a great day you too that was Chet from Charlotte hall, Maryland, if you have concerns or questions or.

IRS advisor Maryland Chet Charlotte hall accountant Chad two dollars
"charlotte hall" Discussed on WTVN

WTVN

03:27 min | 2 years ago

"charlotte hall" Discussed on WTVN

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS rules. As I mentioned, if you don't do it correctly, you could pay a fifty percents penalty. And what do I need by doing a correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA maybe his name another IRA in her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the accounts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people. Often make especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on. When you withdraw the money. They based the calculation on the value of the account on the prior December thirty one. So based on that you might accidentally withdraw too little based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules or cumbersome and the penalties for error are usually not only severe, but they are UN yielding. Meaning if you try to complain to the tax court, your blood most likely going to lose that case. So we strongly encourage you to work with a financial advisor and tax advisor. Not only to make sure the calculations are, correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or missions. And a reputable advisor will certainly stand behind their advice to say oh. We told you to do it. We were wrong. We will make you whole map for the taxes. You have to pay those, but for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account for that. Sounds good. Rick, and we do only have two accounts, and I do coordinate with my accountant, so good. We make sure that the amount is right. I always take out an extra two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was to. Thank you very much for your call. Well, you're welcome. Have a great day you too that was Chet from Charlotte hall, Maryland, if you have concerns or questions or confusion about.

IRS advisor Chad UN Maryland Chet Charlotte hall Rick accountant two dollars
"charlotte hall" Discussed on WRVA

WRVA

03:26 min | 2 years ago

"charlotte hall" Discussed on WRVA

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS rules as I. Mentioned if you don't do it correctly, you could pay a fifty percent penalty. And what do I mean by doing correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA maybe his name and other IRA in her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the accounts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people often. Make especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on when you withdraw the money. They base the calculation on the value of the account on the prior December thirty one. So based on that you might accidentally withdraw too little based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules are cumbersome and the penalties for error are usually not only severe, but they are under yielding. Meaning if you try to complain to the tax court, you're most likely going to lose that case. So we strongly encourage you to work with a financial advisor and attacks visor, not only to make sure the calculations are, correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or omissions. And a reputable advisor will certainly stand behind their advice to say oh. We told you to do it. We were wrong. We will make you whole not for the taxes. You have to pay those. But for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account. That sounds good Rick. And and we do only have two accounts, and I do coordinate with my accountant, so good. We make sure that the amount is right. Always take out an extra two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was too. So thanks very much for your call. You're welcome. Have a great day you too that was Chet from Charlotte hall, Maryland, if you have concerns or questions or.

IRS advisor Chad Maryland Chet Charlotte hall accountant Rick fifty percent two dollars
"charlotte hall" Discussed on WLS-AM 890

WLS-AM 890

03:28 min | 2 years ago

"charlotte hall" Discussed on WLS-AM 890

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS rules as I mentioned if you don't do it correctly, you could pay a fifty percent penalty. And what do I mean by doing a correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA maybe his name another IRA in her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the. Counts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people often make especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on. When you withdraw the money. They based the calculation on the value of the account on the prior December thirty one. So based on that you might accidentally withdraw too little based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules or cumbersome and the penalties for error are usually not only severe, but they are under yielding. Meaning if you try to complain to the tax court, you're most likely going to lose that case. So we strongly encourage you to work with a financial advisor and a tax advisor, not only to make sure the calculations are, correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or omissions. And a reputable advisor will certainly stand behind their advice to say oh. We told you to do it. We were wrong. We will make you whole not for the taxes. You have to pay those. But for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account. That sounds good Rick. And and we do only have two accounts, and I do coordinate with my accountant, so good. We make sure that the amount is right. I always take out an extra two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was to thanks very much for your call. Well, you're welcome. Have a great day you too that was Chet from Charlotte hall, Maryland, if you have concerns or questions or confusion about your.

IRS advisor Chet Chad Maryland Charlotte hall accountant Rick fifty percent two dollars
"charlotte hall" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

03:27 min | 2 years ago

"charlotte hall" Discussed on WBZ NewsRadio 1030

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS. Rules, as I mentioned if you don't do it correctly, you could pay a fifty percent penalty. And what do I need by doing it correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA, maybe his name, another IRA and her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the accounts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big. Mistake that people often make especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on. When you withdraw the money. They based the calculation on the value of the account on the prior December thirty one so based on that you might accidentally withdraw too little based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules or cumbersome and the penalties for error are usually not only severe, but they are under yielding. Meaning if you try to complain to the tax court, your blood most likely going to lose that case. So we strongly encourage you to work with a financial advisor and a tax advisor, not only to make sure the calculus. Nations are correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or omissions. And a reputable advisor will certainly stand behind their advice to say, oh, we told you to do it. We were wrong. We will make you whole Matt for the taxes you have to pay those, but for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account. That sounds good. Rick. And and we do only have two accounts, and I do coordinate with my accountant, so good. We make sure not the amount is right. I always take out an extra two dollars. Very clever so chat. I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was too. So thanks very much for your call. You're welcome. Have a great day you too that was Chet from Charlotte hall, Maryland, if you have concerns or questions or.

IRS advisor Maryland Chet Charlotte hall accountant Matt Rick fifty percent two dollars
"charlotte hall" Discussed on WCBS Newsradio 880

WCBS Newsradio 880

03:30 min | 2 years ago

"charlotte hall" Discussed on WCBS Newsradio 880

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS. Rules, as I mentioned if you don't do it correctly, you could pay a fifty percents penalty. And what do I mean by doing a correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA maybe his name another IRA in her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the accounts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people often make especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on when you withdraw the money. They base the calculation on the value of the account on the prior December thirty one so based on that you might accidentally withdraw too little. Based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules or cumbersome and the penalties for error are usually not only severe, but they are. Yielding. Meaning if you try to complain to the tax court, you're most likely going to lose that case. So we strongly encourage you to work with a financial advisor and a tax advisor, not only to make sure the calculations are, correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or omissions. And a reputable advisor will certainly stand behind their advice to say, oh, we told you to do it. We were wrong. We will make you whole Matt for the taxes you have to pay those, but for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account. That sounds good Rick. And and we do only have two accounts, and I do coordinate with my accountant, so good. We make sure that the amount is right. I always take out an extra. Two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was too. So thanks very much for your call. Well, you're welcome. Have a great day you too that was Chet from Charlotte hall, Maryland, if you have concerns or questions or confusion about your retirement.

IRS advisor Maryland Chet Charlotte hall accountant Matt Rick Chad Two dollars
"charlotte hall" Discussed on KMOX News Radio 1120

KMOX News Radio 1120

03:29 min | 2 years ago

"charlotte hall" Discussed on KMOX News Radio 1120

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals. Based on the values of the account of the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS rules as I mentioned, if you don't do it correctly, you could pay a fifty percents penalty. And what do I mean by doing it correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA maybe his name another IRA in her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the. Counts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people often make especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on when you withdraw the money. They base the calculation on the value of the account on the prior December thirty one. So based on that you might accidentally withdraw too little based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules or cumbersome and the penalties for error are usually not only severe, but they are yielding. Meaning if you try to complain to the tax court, your blood most likely going to lose that case. So we strongly encourage you to work with a financial advisor and attack adviser, not only to make sure the calculations are, correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or omissions. And a reputable advisor will certainly stand behind their advice to say oh. We told you to do it. We were wrong. We will make you whole not for the taxes. You have to pay those. But for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account. That sounds good Rick. And and we do only have two accounts, and I do coordinate with my accountant, so good. We make sure that the amount is right. I always take out an extra two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was too. So thanks very much for your call. Well, you're welcome. Have a great day you too that was Chet from Charlotte hall, Maryland, if you have concerns or questions or confusion about your retirement.

IRS advisor Chad Maryland Chet Charlotte hall accountant Rick two dollars
"charlotte hall" Discussed on KGO 810

KGO 810

03:26 min | 2 years ago

"charlotte hall" Discussed on KGO 810

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS rules. As I mentioned, if you don't do it correctly, you could pay a fifty percents penalty. And what do I need by doing correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA, maybe his name, another IRA her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the accounts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people. Will often make especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on. When you withdraw the money. They based the calculation on the value of the account on the prior December thirty one. So based on that you might accidentally withdraw too little based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules are cumbersome and the penalties for error are usually not only severe, but they are UN yielding. Meaning if you try to complain to the tax court, your blood most likely going to lose that case. So we strongly encourage you to work with a financial advisor and a tax advisor, not only to make sure the calculations are, correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or omissions. And a reputable advisor will certainly stand behind their advice to say oh. We told you to do it. We were wrong. We will make you whole not for the taxes. You have to pay those. But for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account. That sounds good Rick. And and we do only have two accounts, and I do coordinate with my accountant, so good. We make sure that the amount is right. I always take out an extra two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was too. So thanks very much for your call. You're welcome. Have a great day you too. That was Jeff from Charlotte hall, Maryland, if you have concerns or questions or.

IRS advisor UN Maryland Charlotte hall accountant Jeff Chad Rick two dollars
"charlotte hall" Discussed on KSFO-AM

KSFO-AM

02:01 min | 2 years ago

"charlotte hall" Discussed on KSFO-AM

"Telephone calls here on the Rick Edelman show off to Charlotte hall, Maryland chats on the phone welcome to the program. Chad. How are you? I am great Rick. Thank you very much. How can I help several yearbooks in watch? Listen to your show for years. I guess my question is now then seventy three and have been taken this RND requirement. How should I take that? I've been taking an annual basis in December. Should it be taken it monthly yearly a percentage I kind of like a thought of reverse dollar cost averaging method? That's exactly what you're doing. That's exactly right. So let me back up and let everybody know what we're talking about here. If you have a retirement account such as an IRA or retirement account at work like a 4._0._1._K or four three bay or the thrift savings plan is a federal employee. If you have any kind of these retirement accounts starting at age, seventy and a half you have to begin making withdrawals out of the account. Now, the rules are very complicated and technical in terms of when you have to start and how much you have to withdraw and which account you must make withdrawals from if you don't follow the rules, very carefully. You could not only. Encou- taxes, but you'll also incur penalties of as much as fifty percent of what you were supposed to have withdrawn. But didn't. So you've gotta make sure you get it. Right. But here's the point. Once you do start to make these withdrawals. These are called required. Minimum. Distributions the IRS tells you how much you must withdraw. There's a minimum amount you must withdraw and it's required. Hence the name. Our MD required. Minimum distribution. When you begin to do it. You have a choice, you can take the money is a single lump sum once a year or you can take the money during the year whenever you feel like it or you can do it systematically such as taking the same amount of money every month like clockwork..

Rick Edelman Charlotte hall Chad Maryland fifty percent IRS
"charlotte hall" Discussed on WCBM 680 AM

WCBM 680 AM

03:26 min | 2 years ago

"charlotte hall" Discussed on WCBM 680 AM

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month, I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS rules as I mentioned, if you don't do it correctly, you could pay a fifty percents penalty. And what do I mean by doing a correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA maybe his name another IRA in her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the. Counts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people often make especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on. When you withdraw the money. They based the calculation on the value of the account on the prior December thirty one. So based on that you might accidentally withdraw too little based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules or cumbersome and the penalties for error are usually not only severe, but they are yielding. Meaning if you try to complain to the tax court, your blood most likely going to lose that case. So we strongly encourage you to work with a financial advisor and a tax advisor, not only to make sure the calculations are, correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or hours or emissions. And a reputable advisor will certainly stand behind their advice to say oh. We told you to do it. We were wrong. We will make you whole not for the taxes. You have to pay those. But for any interest or penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account for that sounds good. And we do only have two accounts and. I do coordinate with my accountant, so good. We make sure that the amount is right. Always take out an extra two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball there. I wish everybody else was too. So thanks very much for your call. You're welcome. Have a great day you too that was Chet from Charlotte hall, Maryland, if you have concerns or questions or.

IRS advisor Chad Maryland Chet Charlotte hall accountant two dollars
"charlotte hall" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

03:26 min | 2 years ago

"charlotte hall" Discussed on NewsRadio 1080 KRLD

"A reverse dollar cost averaging perspective this way, you'll get the average cost of the withdrawals based on the values of the account at the time. What I'm more concerned about is not so much whether you do it once a year or once a month. I I'm really not worried about that so much the difference. Isn't that huge the bigger concern? I have is whether you're doing it in conformance with the IRS rules as I meant. Mentioned if you don't do it correctly, you could pay a fifty percents penalty. And what do I mean by doing it correctly? Well, if you have multiple retirement accounts, which most people do they've got an IRA maybe his name another IRA in her name. They've got retirement accounts from several multiple employers in the past the IRS generally says we only care about the total dollar value of the accounts. But we separately care if any of those accounts were 4._0._1._K's in other words, you can't take money from an IRA that was meant to be withdrawn from a 4._0._1._K, even though you might have taken the proper amount failing to take it from the proper account creates the penalty problem. Here's another concern. The IRS calculation is not based on the date of the withdrawal. This is a big mistake that people often make. Especially if you're withdrawing the money once every month, the IRS doesn't base the calculation on when you withdraw the money they based the calculation on the value of the account on the prior December thirty one so based on that you might accidentally withdraw too little. Based on last year's market values. Conversely, you could accidentally withdraw too much more than is necessary causing you to pay taxes. Unnecessarily? So the calculations are complicated the rules or cumbersome and the penalties for error are usually not only severe, but they are yielding. Meaning if you try to complain to the tax court, your blood most likely going to lose that case. So we strongly encourage you to work with a financial advisor and a tax advisor, not only to make sure the calculations are, correct. But so that if there is a mistake your adviser will own that liability instead of you because you can't hold your adviser responsible for negligence or errors or omissions. And a reputable advisor will certainly stand behind their advice to say, oh, we told you to do it. We were wrong. We will make you whole not for the taxes. You have to pay those but for any interest or. Penalties that you may incur. So be careful. Make sure you get it. Right. Don't mess around when it comes to withdrawals out of your account. That sounds good Rick in and we do only have two accounts, and I do coordinate with my accountant, so good. We make sure they're not the amount is right. Always take out an extra two dollars. Very clever. So Chad, I'm glad you got it on the money. I'm glad you're on the ball bear. I wish everybody else was too. So thanks very much for your call. Well, you're welcome have great day you too. That was Chet from Charlotte hall, Maryland, if you have concerns or questions or.

IRS advisor Maryland Chet Charlotte hall Chad Rick accountant two dollars
"charlotte hall" Discussed on News Radio 690 KTSM

News Radio 690 KTSM

01:38 min | 2 years ago

"charlotte hall" Discussed on News Radio 690 KTSM

"All right. So as fliers what kind of rights, do we have or what kind of muscle might we be able to flex? That's what you know. It's it's surprises a lot of people, but when an airline cancel the flight only thing that you are technically allowed to get in return is a refund now that that especially for situation like a tropical storm hurricane like arena. Have here in the Southeast Airlines are motivated to try to get you on your way. So what I would do is if you're flying through one right now Charlotte looks like it's going to be the up to see the biggest impact assuming that the tracks days the way they expect it to. So if you're flying safe from the northeast to LA or wherever Charlotte hall American they've just added a flexible revoking policy that will allow you to move your flight either to a different hub or or to a different day. You can avoid the worst of the storm. We've also heard from a lot of people were trying to get to North Carolina. So they can safeguard their property. So there are a lot of people were really trying to to change their travel sketch. I think if you're there on vacation this is a good time to to get out most of these flexible booking policies began on the thirteenth for the twelfth. So you could flight up, and maybe tried to get out a little bit earlier speak with Ben Matza from USA today airline reporter also writes, the today in the sky blog, we're talking about preparations for your flight plans ahead of hurricane Florence. It's possible to I guess that there just might not be enough seats on departing planes to get everybody out that wants to get out..

hurricane Florence Charlotte hall Charlotte Ben Matza North Carolina LA reporter USA
"charlotte hall" Discussed on WCBM 680 AM

WCBM 680 AM

04:13 min | 2 years ago

"charlotte hall" Discussed on WCBM 680 AM

"For sean of franken the morning talk radio six eighty wcbs thanks so much by the way out of charlotte hall a priest kicked a funeral out of the church and the family says he disrespected the deceased the before the funeral for a woman agnes hicks could begin at saint mary catholic church charlotte hall there's report that a guest knocked over damaging it and angering the reverend agnes hicks his daughters says that the reverend and ordered everybody out and disrespected her deceased mother saying get this out of my church apologized and letter to the editor of the enterprise local newspaper saying the anger was the most inappropriate response a cousin of hicks told the enterprise that the priest trying to explain this had nothing to do with race johnson said anything about a race we're just saying he was being disrespectful so there you have it it's important to note that you don't want to have fight breakout in the church where you're trying to bury the deceased is probably bad practice when that happens just as i for those view in the charlotte hall area who aren't aware of that that's just something that now you know didn't know before now you know it's just it's good to kind of keep track of that kind of stuff a little bit more than this rasmussen poll because the thing in portland that's not the only occasion up in philadelphia the city of brotherly love you've had a large group of anton various other protesters surrounding the building that houses of immigration and customs enforcement ice they won't let people enter they won't people leave the the basically you're there or you can't get there they police tried to carve a safe route to the secure entrance of the ice building yesterday and a riot broke out didn't hear anything about this well it's an emmy what do you figure but that is the case that you have the people protesting the existence of ice deciding they'll simply prevent anybody from going to work there and so it's not matter just of confronting them as you're eating it's now a matter of physically preventing them from doing their jobs now the people on that side of the argument will say well this is what the german people should have done with the nazis which then draws that immediate comparison what they're saying then is that this administration and ice are just the same as the nazis and ice i guess would be the s s or something that this is the comparison well first of all i try to avoid nazi comparisons because there until flow hanging fruit until this president decides to kill twelve million people because they they happen to be a mexican for example then you know don't don't try those comparisons exactly it doesn't work over that said i do see us and i've been saying for quite some time we are roughly where the way mar republic was in the early nineteen thirties right now in this country so this poll comes off rasmussen in the last three or four days you're have portland you have philadelphia more protests are scheduled around the country today to celebrate quote quote the fourth of july by going after members of the administration and going after ice and by that i mean verbal confrontations and some of those are going to break out into violent confrontations because that is the mindset there the mindset is that if we can't persuade you with our words will pummel you with our fists so it's the abandonment of logic it's pure tribalism as these things break out and this is the dissolution of the republican small steps so then you have this poll come of rasmussen and this kind of.

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