35 Burst results for "IRA"

Irish general election: Who is Mary Lou McDonald?

Monocle 24: The Foreign Desk

01:21 min | Last week

Irish general election: Who is Mary Lou McDonald?

"It is easy to overlook. This past February, when citizens of the Republic of Ireland voted in a general election. They voted in unprecedented numbers fishing fine. The party long known as the political wing of the IRA from one, thousand, nine, hundred, three until two, thousand, Eighteen, Shin Feigns President was Gerry. Adams also a long serving senior. IRA commander notwithstanding his long maintained fiction that he was never even a member of the organization shouldn't find will lead into February's election by a new president. Mary. Lou McDonald. This week's guest on the foreign desk. Mary Lou McDonald is also a new kind of Xinfang president having had no involvement with the IRA and hailing from the Republic of Ireland rather than Northern Ireland or as she and other. Irish Republicans prefer to call it the north of Ireland while McDonald clearly represented enough of a break with the IRA to reassure Irish voters who gave Shin finey largest tally of first preference votes. It was not enough to reassure Ireland's of the political parties. The establishment rivals of fina foil and Finna Gale agreed an unprecedented coalition to keep Shin Fain out of government and thereby confine McDonald's ambitions for the moment at least two leading the

Lou Mcdonald Republic Of Ireland Mary Lou Mcdonald Northern Ireland Shin Fain President Trump Shin Finey Adams Shin Feigns Finna Gale Gerry Commander
beirut explosion latest news

Monocle 24: The Briefing

08:43 min | Last week

beirut explosion latest news

"Some exercises in perspective the IRA bomb which severely damaged Canary Wharf in London in Nineteen ninety-six was estimated at just over one ton of ammonium nitrate Timothy McVeigh's bomb which demolished a federal government building in Oklahoma City in nineteen ninety-five was just over two tons of the same material. The boss which erupted in Beirut's port on Tuesday was estimated at two. Thousand seven hundred and fifty tons of ammonium nitrate. One of the biggest peacetime non nuclear explosions in history as Bhai. Route begins the barely imaginable task of cleaning up and is understandably enough growing tear gas was fired yesterday at protesters near the parliament building I'm joined. Now by Lila Milana, Allen France twenty four's correspondent in Beirut Leyla. First of all, you have been visiting the port which was the epicenter of the explosion. I can't begin to imagine where you would even describe such scene but I'm going to ask you to have a crack at doing that the scene is as you say, almost indescribable does smoke still rising from the charred MBA's off. Destroyed packing crates destroyed shelving and it says every kind of. Utility things you'd expect to see in shops. Twisted. Washing machines on the floor items from pharmacies because this of course port, this is the one thirty functional in Lebanon imposed everything and everything was stored than in the center. You have the remains of these enormous grain silos that carried the grain for the majority of the country completely destroyed and parts of them. Still collapsing there you have a aid workers desperately trying to dig people of rubble that's thirty meters deep, and the conditions are horrific temperatures of thirty degrees baking hot sun. The air is thick and brown the smell acrid burning metal and plastic. It really is post-apocalyptic and this goes on for over a mile. Entire poor is just smoking twisted metal and daybreak. Nash. have. You got a clear sense of how widespread the damage across Beirutis. How far can you go from the blast without seeing broken windows? So it. was about nine kilometers where we're still doing things like breaking windows the impact of it and having people. That's it really has spread incredibly far, and it's an uneven spread as well because. What's happened is that the grain ciders positioned in a certain way which meant that it protected half of the city of West Beirut, which historically has in many disasters. Conflicts actually born the brunt of of problems in Beirut and actually deflected the majority of the blast towards the East and the south, which is why a famous areas like Gymnasium Ohio Asha fear completely The buildings there obliterated and one of the concerns now is a lot of. Buildings the older buildings in Beirut the few buildings left in the east of in pre-civil war, which were much loved already, quite delicate on the point of collapse yesterday as people were trying to clear the streets constantly civil defense volunteers trying to pull people back away from these buildings with balconies hanging down stone starting to crumble because of course, that's a huge dangerous. People are still sifting through rubble trying to find loved ones that buildings could. New Buildings that had not yet collapsed could collapse on top of the other issue is that the new builds a lot of them are concrete and speaking to an engineer what can happen with concrete is that with a shockwave blast like this concrete cracks easily under pressure and so that can be in tunnel cracks there that you don't know about in can't be seen from the outside, but the make the building unstable and because there's really been. Very, little help from the government with people trying to go back into their homes, clear up and see what they can retrieve and whether their homes are still livable. Many people going back into very unstable buildings and some living there because they have no other former shelter. So a real risk of further injury as buildings might potentially collapse over the next few days very similar to the aftermath of an earthquake, which is what this is compared to. A among the people who was serving the damage in Beirut yesterday was of course, President Emmanuel Macron of France undertaking a extraordinary spontaneous visit. How is that being received? I mean, it's it's understandable enough that Lebanese politicians don't want to interact at a personal level with the public at the not only for their own safety but is it being regarded as strange that the first high profile politician to to take a walkabout should be the president of an entirely different country? Well, it is strange, but it's not being regarded as strange. I was down on the street yesterday when McCone was was walking through glad-handing the crowd I mean, he really was you know playing up to it and was supposed to be going to Baabda Palace, the Presidential Palace to meet with politicians and delayed that for an extra hour on the schedule to stay with Lebanese people in the streets of course, playing up very much. The fact that he was there to see them he'd said before the visit my main priorities to go and be with the people of Lebanon. And extend, solidarity's to them, and then after that I will be dealing with the political varieties speaking to them. So in the streets, he was absolutely mobbed by people he's hugging people shaking hands with them people coming up tim saying, please don't give those politicians any money that corrupt criminals we don't trust them and he responded to one woman I know you don't trust them graffiti everywhere saying don't give one. Euro. To those Michael help us. So he really did make himself as I say a man of the people yesterday I spoke to a couple of young women afterwards. WHO said to me? That man was more of a leader to us in fifteen minutes than any of our politicians have been where all day no one has come to see us where are they wears the help and later in the day after a lot of commentary that. The. Obviously. Lebanese politicians feeding quite shamefaced one. The justice minister did come down to the streets to try and speak to people clearing up and she had water thrown in her face and chanting protest. Immediately, they're not welcome and that people absolutely fading that the government has no interest in safety in their health in their wellbeing and their ability to rebuild hiding away from them as everybody marshals together to try and get things. Back to nothing like normal but something livable at least just to follow that up finally, regular listeners may recall that you and I were speaking on Monday talking about the resignation of Lebanon's foreign minister and that seemed like a pretty big story at the time He's probably ruin his timing at this point but have you seen or heard anything in terms of actual messaging attempts to help or anything from the alleged government of Lebanon or d you kind of assume that they've all got to the point where they just realized the games up nobody really wants to hear from them anymore. It's quite extraordinary. There is honesty nothing happening in terms of that what the government is doing a lot of finger pointing at each other and previous administrations about who's to blame for this they've put everybody associated with the report under house arrest and saying that they're going to find the perpetrators. But of course, everybody's saying somebody else's the perpetrator on what we know so far it seems that for six years has been ongoing negligence at the highest. Level where a several reports were were built up by the head of the port and have customs sent to the government center the Prime Minister's Office the judiciary about the fact that this was a ticking time bomb and something has to be done completely ignored. So the government is going on about this investigation saying they'll find responsible meanwhile three hundred, thousand people in Beirut homeless, five, thousand injured hundreds still missing, and honestly all you can see on the streets is volunteers. The. Lebanese. breath volunteers, obviously with their ambulances civil defence wanting tears, young people armed with spades and rooms marching down the street just going into people's homes into buildings and sweeping up what they can and moving onto the next one cleaning up themselves. They all said to me of course not here we wouldn't expect anything else from them with the only people who can help ourselves and today international aid. Groups coming in different countries, sending their own firefighters medical support in, and still a complete absence of the Lebanese government anywhere except the poor area learn Milana Allen in Beirut thank you very much for joining us.

West Beirut Lebanon Government Beirut Leyla Lebanese Government New Buildings Canary Wharf Lila Milana Timothy Mcveigh Oklahoma City London Prime Minister's Office Baabda Palace Beirutis Allen France Milana Allen Nash. Gymnasium Ohio Asha
New York attorney general sues to dissolve NRA

KCBS Radio Overnight News

00:33 sec | Last week

New York attorney general sues to dissolve NRA

"The NRA says it's ready to fight a fraud lawsuit filed by New York State officials here. CBS's Michael George, New York's attorney general, wants to dissolve the National Rifle Association, the organization went unchecked. For decades. While top executives funneled millions into Their own pockets. In a lawsuit filed Thursday, New York State alleges for Honora leaders, including executive Vice President Wayne LaPierre, failed to manage an IRA funds and failed to follow state and federal

New York New York State National Rifle Association Wayne Lapierre Executive Vice President CBS Michael George Fraud Attorney
New York attorney general seeks to put the NRA out of business

WTOP 24 Hour News

00:45 sec | Last week

New York attorney general seeks to put the NRA out of business

"New Today. New York's attorney general is suing the NRA, the National Rifle Association trying to put the powerful gun advocacy group out of business over allegations that high ranking executives there diverted millions of dollars for personal benefit. The lawsuit from the attorney general in New York, Letitia James, follows an 18 month investigation into the Honore, a nonprofit originally chartered in New York. She accuses it stopped leaders of using an array funds for lavish personal trips, contracts for associates and other questionable expenditures. The lawsuit calls for the IRA to be dissolved in the removal of the CEO Wayne LaPierre. The suit says the group's leaders have drained $64 million from the nonprofit in just three

New York Honore Attorney National Rifle Association Wayne Lapierre Letitia James CEO
John Hume, who won Nobel Peace Prize for work to end violence in Northern Ireland, has died at 83

WCCO Morning News

00:37 sec | Last week

John Hume, who won Nobel Peace Prize for work to end violence in Northern Ireland, has died at 83

"Who won the Nobel Peace Prize for work to end violence in his date of Northern Island, has died at the age of 83. His family says he has suffered ill health for a number of years. BBC News Ireland correspondent Emma very has more here in Northern Ireland. He's very much thought off as a hero of the peace process somebody without whom that good Friday agreement just may no have come together in the way that it did. He was always a continual advocate of peace. He always criticized the violence of the IRA. Right through the darkest days of Northern Ireland and managed him incredible achievements to bring people together. Under the most difficult of circumstances, global chairs are

Northern Ireland Northern Island Ireland IRA Emma BBC
Aria Pinot Noir Brut Cava

The CheapWineFinder Podcast

04:43 min | Last week

Aria Pinot Noir Brut Cava

"Hey. From sheep wind finder again. With another wine review just posted on the sheep. WIND FINDER DOT COM website. And the area. You don't know why brutes. Are the freshman at groups of of. I think to. SLOW LARGEST ABBA makers in the world. And this one. Brought my I because. I think my favorite. Wine in the world, you say you can only drink one. I'm thinking they're expensive one. I WOULD WANNA punitive while this sham. and Taba. Is. made the exact same way that champagnes. Now, it's five, six, hundred miles farther south on the Mediterranean Ocean and. You know in Champagnes on the north side of the Burgundy area up in northern France. They're not the same growing regions, but they do make wine the same way. And they actually went out of their way to get new are. So, there is a little bit of a comparison because this actually As you know. Like, for Sakho is in made a second fermentation, that's the The bubbles come in. In large pressurize that and and by large I mean. Pressurize that. And can go anywhere from a couple of weeks a couple of months pressure. After the after the you know it's up to sugar and Co two comes out. The pressure puts it back down into the one after a few months it's incorporated in the wind you get bubbling. Its nineteenth century technology. Up and Champagne or Fifteen. Technology. For each and every bottle. Pat Some sugar and some. Covered up. It every day or two, just a quarter return. And come back a year and a half two years for years later, and there you go. Now you got. Older way of doing it. Kava. The same way for Sakho. Now, the Sharm at the tank affirmative action. So I saw Pinot Noir from Tabah which was cavs always a little bit. Not always a little bit. You can get. All sorts of really good Pavlos for less than twenty, twenty, five dollars. This was. Ninety nine. And it was directly kind of going one on one with shopping using Pinot noir grapes. Champagne, Chardonnay th-they new are a couple other grips to. And the minimum second fermentation has eighteen months, champagne. And here they want eighteen months with the staff of the IRA. In why? Roots Daba. Disip. Really, going I, want you really get. An expense. Oh, champagne of thirty, five, forty dollars. Twelve dollars. It's six hundred miles south of the grapes are grown differently blah blah blah. Clear stylistic difference between Kaaba and Champagne. They're not be the same thing. They set themselves up on this case to be the same, but it's not. And while. You Newark Bay Champagne is my very favorite in whole wide world and this doesn't quite meet that. It takes for eleven ninety nine it does well, it's a great. It's interesting Scott all sorts of. Flavors. It's smoother. It's brute. which is dry. It's got some good fruit flavors to. The city I just took second slip. That's when I know I like the senators when it gets, you drank in like sitting in a bar drinking beer if I reaching for the thing approaches. Spending wine of the same thing too.

Cavs Sakho Newark Bay Champagne Mediterranean Ocean France Taba Sharm Scott Tabah IRA
July Mailbag with Jason Moser

Motley Fool Answers

44:21 min | 2 weeks ago

July Mailbag with Jason Moser

"The. Multiple answers I'm out Southwick and I'm joined, is always by broke camp. Personal Finance expert here at the Motley Fool. Hey, BRO, well! Hello Alison. It's the July mailbag where we answer your questions and this month it's with the help of multiple analyst Jason Moser. Should you buy a house now? What is modern portfolio theory and also here Jason's thoughts on a lot of stocks all that and more on this week's episode of Molly fully answers. Jason thanks coming back. you know I mean i. told you you invite me. I'M GONNA. Be here every single time. Thanks for having me back. I mean we appreciate it because we know you're a busy man, and so we do appreciate that you carve out time for us in our little show, don't. Always always make time for those important people in my life rule number one make time for allison and Bro I love. It sounds like a good one to me. Everybody wins. All right well, I guess we should just get into it, so the first question comes from Darren I've subscribed to the full for over a year and I'm really pleased with the service. I would like to know your thoughts about my holdings in Shop Affi- I've bought several times over the last three years, and it's now over thirty five percent of my portfolio and I. Don't know if I should continue holding or trimmed down. What would you advise a good problem to have I was gonna say that exact same thing? That's a good problem have? In a very glad, you have subscribed to our services in your really pleased. That's that's what we aim to to do. We aim to please help you make money and so yeah. This is one of those situations that we will find ourselves in from time to time as investors. A nice problem to have but something you do need to address at some point because it is going to be a little bit different for everybody. In so coming from the perspective of I, also own shop, a Fi stock in it's it's a wonderful investment. It certainly is taking up a bigger. Part of my portfolio a not at thirty five percent where you are. I think for me. It really does boil down to. That sleeping at night test in other words, you need to be able to go to sleep at night without worrying about this kind of stuff, and if you feel like shop, a Fi represents too much. Of your portfolio if you feel like you're overly allocated their, then, you may need to consider pulling it back a little, but now I mean it's. It's I think it's always important. Note you know. It's a big difference between building up a position buying a position to make this size to make this type of allocation in your portfolio. It's another thing entirely to have position grow into beat into becoming that size i. mean that that is that is in a little bit of a different dynamic there, so people all the different ways, some sometimes folks will, they will just sort of looking at it from the house money, concept or you. You just sell enough shares to recoup your initial investment, and then you let the rest of it go. Some people are perfectly fine with thirty five percent. Some people are not. They want a pair back so i. do think you need to kind of figure out what helps you sleep at night I do think that shop by a great business. I think the biggest risk in only shop, if I right now is valuation, just because it's dominating, it's space, but it's not making any money yet, and it's probably going to be a little while until they do so that valuation risk is there, but ultimately yeah I think determine. Where you feel most comfortable with it, and if you feel like you need to put a little bit of that money off the table, and he thirty five percents a lot, certainly very understandable. If they've said something you need to do if you do decide to pair it back a little bit. You've made multiple purchases, so you can identify the shares to sell to manage the tax consequence if this isn't a brokerage account and not an IRA. All right next question comes from Steven. If you are forced into unemployment, you are paying federal income taxes on unemployment payments are not contributing to social security nor to Medicare. How does this affect your future calculation of social security benefits and can one contribute to the social security fund during unemployment to mitigate any adverse effects on benefits, it is a little bit adding insult to injury, but you do owe federal income taxes on your unemployment benefits, and if your state charges has a state income tax, you probably have to pay state tax on that, although there are a handful of states that exempt unemployment benefits, so that's good news. And by the way you, you could have taxes withheld from your unemployment benefits you file. This form called form w four V. if you want, they withhold ten percent, or you can do quarterly estimated payments if you wanNA avoid that big tax bill at the end of the year, but if you're strapped for cash is probably just better to get the money now worried about your taxes later Eh. Stephen notes out. You do not pay payroll taxes. Those are the things that go into social security and Medicare so. So. It could result in a lower social security benefit, however, keep in mind that social security is based on your thirty five highest earning years, so if you enter the workforce at say twenty two and you work until you're mid to late sixties. That's more than forty years where the working so hopefully. If you miss out, if this year is not so good somewhere among those other forty, five or so years, you've had thirty five really good year so that this year won't be that big of a deal. So it probably will be okay. And then to address the last question. Unfortunately, no, you cannot make voluntary contributions to social security. There is at least one academic working paper out there. That suggested that people could buy into social security by like extra credits as opposed to contributing to your 401k, but so far that has not been passed by Congress I had an ex. Question comes from Sam. I heard to stocks discussed on another full podcast. When I read articles about them, it mentions they are thinly traded. I have two questions one I'm sure my position would still be quite small so I think I'd still be able to get in and out, but are there other things I should think about when it's a thinly traded stock and question number two. Is there a certain amount of? Daily volume you like to look for when considering a stock foreign investment. What volume do you want to see to not be? Quote thinly traded stock. Yes very good question in thinly traded stock just refers to the either the amount of shares or the dollar volume of shares that would trade on any given. Market Day and so. The. Thinly traded stock. The the problem is that you may not necessarily able to buy and or sell at the prices. You necessarily think you might be able to in other words when you look at a stock's price and you're looking through the. What what's going on throughout the day on the market, you'll see that did ask spread, which is essentially the bid. Ask spread is it's what someone's willing to pay for the stock versus what someone is asking to be paid for the stock? Because you know you have a buyer and a seller on on in every transaction they're. Normally most cases, these business business bread is very tiny, the couple of pennies maybe for most stocks because they're. They're heavily traded right there. There are plenty of dollar volume. But there are a lot of smaller companies small caps in particular in in you know a micro cap, specifically that don't necessarily meet these kinds of thresholds, and so you definitely have to be aware of that now I'll go back in time just a little bit, too. When we were running the service here at the fool called million dollar portfolios Roman Romani portfolio that we help manage members, and it was never really a problem, but we did have a condition in there. We were always looking for at least ten million dollars in average. Trading volume total daily volume now understand I'm not saying the number of shares saying the amount of money so basically shares times price, but we're always looking for at least ten million dollars. That wasn't set in stone it. It was an idea for us. It wasn't ever really a problem because we had a very diversified portfolio with a number of different types of companies, but when you're looking for smaller companies, you would've just keep that in mind that did ask. Spread is is something that just because it says the stock is twenty dollars. That doesn't necessarily mean you'll pay twenty dollars if there is a a big spread there between the bid, and the ask in so I think whenever you're considering stocks that have any lighter trading volume or thinly traded stock. Just be sure to use limit orders. Limit Orders of let us stipulate the price that you are willing to pay for or that you're willing to. To accept a if you're selling a limit, order is just a really good way to protect yourself from any unwanted surprise thinly traded stocks. You might not always necessarily get them when you want them, so you might have to lead that limited are in there for a little while, but but a limit order is a great way to protect you from any unwanted surprises. Next question comes from Randall. I'm in my late thirties now, but earlier in my life. I was very very bad with my money. Collection Calls Welfare and bankruptcy or not strangers to me. I've been at the bottom then I met the love of my life, and she convinced me to turn things around ten, and a half years later and I have done a complete one eighty, I took control of our finances rebuilt my credit and started investing and listening to all you find folks all. I opened it investing account with the goal of saving and building enough a down payment on a home. I'm happy to say we've now reached that goal. I recently sold at a profit because I didn't want that. Money tied up in the market. If we are close to needing it for a house, but now that we're here, I'm not sure what to do. We currently rent a basement apartment and our neighbors general living situation are less than ideal to put it mildly. So, we're champing at the bit to jump into the housing market that being said the experts have been calling for a drop in the housing market for a while, and that was before the pandemic hit now I'm worried that if we buy right away a year or two or three from now, interest rates will spike, and we could be put in a difficult situation. I live near Toronto. Canada or the housing market is already highly inflated in relation to the rest of the country should I be worried? While Randall first of all congrats on turning your financial life around love hearing success stories like that so good job on that. So I'll start with my standard answer with the rent versus buy decision, and that is just pull up spreadsheet and compare the all in cost of renting, including what you could earn on the money that use for down payment versus the all in cost of buying including the opportunity cost of putting down payment as opposed to having invested as well as insurance and taxes and maintenance, and all that stuff and project, where you might be in five to ten years based on various scenarios on what happens to stocks, if you. Rent an invest the down payment versus what happens to? What you'd look like depending on where home prices go. Generally speaking. If mortgage rates go up, that could way down on real estate prices we did see mortgage rates. Go Up for a bit a few years ago, but the housing market did find, but you could certainly envision a scenario where rates went much much higher, making houses, much less affordable and prices would have to adjust. But I don't expect that to happen anytime soon. I think we're. GonNa have low rates for awhile, but beyond that I don't know I've given up trying to predict where interest rates are going or even paying attention to people who try to predict where interest rates are going, so who knows? That said since you live in Canada. I thought I'd check. In where rates are these days and I and I got a brief reminder that things are actually different in Canada so I did a little bit of research. And then realize I had reach out to someone who knows, I reached out to Canadian Motley fool analysts Jim Gillies, and he had some thoughts so first of all just for you non-canadians out there. It is really different so in America. We get this thirty year mortgage than we have the same payment for thirty years. It's fixed. They don't have that in Canada. What's the most common is a twenty five year? But only the first few years or fixed. And then adjusts so in that context you can understand why Randall is worried about interest rates going up because over the next depending on which alone he gets the most popular is a five year fixed, and then you basically have to go get a new loan probably. So that put that in context, a little more, but also Toronto, really is crazy expensive. Vs from the end of last year that put it as the most overvalued real estate market in the world behind Munich. As Jim pointed out in our call here in the US we had our housing peak in two, thousand, six, two, thousand seven, and then we had what he called a reset, which is basically prices came down significantly candidate and have that slight downturn at home prices, but then they just kept on going up, so it really is different there, so when Jim explain all this to me, the difference in mortgages and the difference in home prices. Frankly he was inclined to say to this guy. You Might WanNa rent for while more and see what happens, but he also had the good advice of okay. What if you buy in prices? Come Down Fifteen percent twenty percent. What if they come down to a point where he upside down? You owe more than the home is worth. Are you okay with that? If. You're okay with that. Maybe it's okay to do that. But it certainly sounds like dicey situation than if someone were telling me like I'm thinking of do this in Dubuque Iowa or something like that. couple of other differences. In case you're curious about Canada in the US. Your mortgage is portable in Canada south. You Buy A. Get the five year mortgage, but then move get to take the mortgage with you for the next house and interest is not tax deductible. US Look at you, Robert, broke? Camp Can Canadian real estate experts there you go. Next! Question comes from Chris. I was on twitter the other day and saw that one of your contributors Brian Feroldi tweeted that he doesn't believe in a long list of technical trading terms and then modern portfolio theory. Can you help me understand what not believing an MP? T with mean this? He believed that diversification doesn't reduce risk. Also every financial adviser I've ever talked to his preached empty, so I would love to hear the counterargument. Jason you're not Brian for all the. Question I am not Brian for all the do get the talk of Brian Pretty good bit though. I I must admit I. Don't know what he said here in regard to modern portfolio theory and all of these technical trading arms. But I think I can take a guess. Generally speaking I agree with them, and I think you could sit there and look up the portfolio theory in you know read about it as much as you want. Just go to google modern portfolio theory, and you can dig right in there, but in a nutshell ultimately, what modern portfolio theory is the intention behind it? It's meant to reduce risk while maximizing returns. It assumes that investors don't like risk. They prefer less risky portfolios to riskier ones in order to achieve a certain level of return so right there. I kind of kind of lost me right there because I don't believe that every ever investors risk averse I think some investors have a very. Healthy, appetite for risk, and frankly I would say I got a pretty high tolerance for risk when it comes to investing, made it just because of what I do for a living but I. You know to me I like having that trade off least unhappy. Happy to take some risks there. If I feel like that upside, it's going to be potentially worth. So with modern portfolio theory, it introduces a lot of fancy math in the form of variances and correlations in order to come up with this. Quantifiable, investing strategy that ultimately helps reduce risk while allowing the investor to achieve. Certain returns in. Maybe it works for some not I'm not dismissing it personally I. Don't use it, I don't personally subscribe to it I. Don't need it. I think honestly for us. In a really believe it's extends to to most people in our full universe is that is individual investors I think a more meaningful way to reduce risk. is to just extend your timeline like invest longer. So like Tom Gardner said a number of years back when we were. Working on Motley, fool one basically take your take the time line that you think you want to own any individual stocks you buy shares of starbucks and I plan on owning it for you know five years. Okay, we'll just double it. Cloning it for ten in all of a sudden right there. You've given yourself more time. Time is one of the big advantages we have is individual investors. Money managers don't have that advantage, Wall Street done generally handed abandoned, either, but if you can be patient and just invest in good businesses. That risk really starts to come down over time. There are plenty of studies out there. That show that risk comes down the longer you hold onto those stocks, which into me, just renders modern portfolio, theory, more or less not useful mean on things, not useful for everybody, but it's not useful for me and based on Chris. Question It sounds like a agree with what Brian was saying there. We think I'll add to. That is I agree that risk is really not that much of a consideration if you are saving for retirement. But once you are in retirement man, and just say like you know what the market's not I'm going to extend my time highs in ten years. Because you need to spend money in that situation, I think diversification is important. It's important to have assets that don't always move the same direction at the same time. For some fools. That's just as simple as keeping any money need the next five years in cash, so you're right out any ups and downs, and that can be fine. But I. do think it makes sense to have. A mix of investment so that right now, technology stocks are doing very well, and we hope that continues to do well, but we remember was that happened in two thousand from two thousand to two, and there were down for quite a while anyone who retired in one, thousand, nine, hundred nine, or so it was very happy to have some small caps value maybe a. A little international, some reits to ride out the storm Yeah I think we talk about that often like recognizing where you are as an investor in life, are you in the grow your wealth stage, or are you in the protector stage, because they are two very different strategies, and we're all hopefully going to be in both of them at one point or another right? I personally and still on the grow your wealth stage I. Think we all probably are, but you will at some point get to where you need to focus on protecting the wealth that you've made so that you can then have that money to spend, and that definitely will dictate your investment strategy things that you're invested in and whatnot. Generally speaking I do like the idea for people who are just risk averse and have this notion that investing is just too risky. I mean the fact of the matter is not investing as far away greater risk like not investing. You will never grow your money if you don't the best, so if if if risk is a problem, I think generally speaking. Along the lines of diversification idea that that bros. talking about him, he just invest in invest in SNP index fund is something that just follows the progress and p. you know you're going to be participating in and if you look at that over the over the stretch of time, their five ten twenty thirty years, I mean that trend does go one way. It, but clearly the older you get, the more you need to start focusing on protecting your wealth, and that will change the way you view things. Right next question comes from Alex from Alexandria if I buy Muny bonds from another state in my IRA. Is it still taxable and Alexander with who we have a bond on and we do have a bunch. I know Alex up super excited about having a bunch on in Alexandria to I can't believe I haven't been there. It's like two miles from my house, but we still haven't been oh i. know because there's a global pandemic going on and we. saw. Alyx if we buy me bonds from another state in my IRA is still taxable. Bro, help him out or her or so Muny Barnes. People Invest Immunity bonds because they're free of federal taxes and in many cases. If you're buying bonds issued by the place you live, they might be free of state and local taxes, so that can be doubly triply tax free. That's why people buy 'em. There are some times, however that if you own immune, abound outside of an IRA. Pay Taxes and this surprises some people. There's something called the minimum tax. If you buy immunity bond at a discount, and then it matures at par. If you buy a distress, Muny bond for like you put an eight thousand dollars, and you sell it later for ten thousand dollars as a capital gain. You'll be taxed on that. So, there are some times when you would pay taxes on media. Now, Alex is asking what if it's an IRA? Do I have to worry about paying tax interest. If it comes from another state and the answer is no, you won't have to worry about that. The only thing I would say is. Generally speaking immune bond already has built in tax advantages, so you wouldn't keep it in an IRA, unless there's the example of the stuff I was saying previously like for. It's one of those exceptions when him UNIBOND would result in taxes than you might WanNa keep it an IRA, but generally speaking. If you're going to buy Muny Bond, keep it out of an IRA. Next question comes from Boone. I just did my first. Roth conversion and looked at that old account for the first time in. There was the expected dividend producing fund I remembered, but there was a stock chesapeake energy that I had completely forgotten about since I purchased the stock in two thousand, six fifteen. It's down way down like eight point five percent off the purchase price. What should I do with it now? It's in a tax deferred accounts so I. Don't think the loss is realized until I. Start to pull money out of the account and that might not. Not Be for fifteen years current value of all my shares will be about one percent of the value of the account after the conversion. Do I sell in the very little value? I had left and depend on E. Trade to keep up with lost for me or should I hold on based on the slim chance. The stock will be worth more in the next ten years. Oil Stocks do act unusually on occasion, only oil stocks. Stock everything else makes that usually. Chesapeake has been really. Interesting Story to follow and frankly. I don't I. Don't know that I would look at it today. As a business that I'd WANNA own so typically if I. You know I think it was yet idea. Didn't sound like a position are actively building united investment didn't work out. I mean that that happens to all of us. We don't get them all right. We have a philosophy here at the full. A lot of do we like to? Water flowers and pull the weeds, and that's just a nice way of saying. Add to our winners in to get rid of losers in. This I think is more than likely slated to continue being a loser I mean. Chesapeake has lost a lot of value. In it does sound like based on when you purchased this, these is absolutely busted I mean. There there are all sorts of reasons to sell one of them is if you thesis busted and the reason why you invest in the company is is no longer the case, and I would he probably is the case with Chesapeake so to me like you know, you could sit there and let it go, but but what's the goal trying to get back to even, or are you trying to get back a couple of bucks for me a lot of times? I'll I'll take a little opportunity here and there to just go ahead and pull those weeds sell it. Be Done with it. In even though it's just unique out a little bit value there, you can still take that money and do something more productive with it. So. Yeah T to me. I can't tell you to buy or sell obviously, but I can certainly understand. Selling in this case, but I you know. As as oil and natural gas energy can can turn around. This is going to be one that has a lot of headwinds in in. You might be waiting a very long time to to get any of this money back. I point out here that I it seems that maybe boone has a slight misunderstanding of how taxes in aries work because he talked about realizing the loss when he takes the money out and trade keeping track of the loss for him, it sounds to me that he thinks that he can write the loss off whence he takes the money out. That may not be the case, but just to be clear. One of the great benefits of an IRA is you don't pay taxes on the gains, interest and dividends from year to year. But. One of the drawbacks is. You can't take a capital loss on that as well so there's really no no way to benefit on your tax return from this loss. Next question comes from Benjamin. You recommend seeing a fee. Only financial adviser for check in every so often I know there is the Garrett planning network and others to help find an advisor. But what questions do you ask? And what answers do you listen for when trying to find one that is worth his or her one hundred fifty to two hundred fifty per hour. So I would say start first with asking yourself some questions. What are you looking for? You could go for the whole launch. Lada where someone is managing your money analyzing retirement plan helping new save and a five twenty nine. Maybe even doing your taxes with some financial planners do help with the state planning, or are you looking for something more targeted? You just want advice about am I saving enough for retirement, or are you close to retirement? You're like I just WanNa make sure that I'm doing right when terms like choosing my Medicare plan and claiming social security at the right time, so first of all just be very clear of what you're looking for. Then if it involves investments in any way, you WanNa, make sure that you find someone who is at least in the general same area philosophically and I say this, because many financial planners are hardcore index. And if you come to them as a motley fool, listener member with a lot of individual stocks. They may say okay. I'll give you some general asset allocation guidance, or they'll say I don't care if you like to pick. Stocks are not my advises, sell the stocks and go to index funds, so you want to make sure that if you're gonNA, ask for any sort of investment. Advice that you wanna find someone who's someone somewhat at least aligned for what you're looking for. Once, you've got that then. Just asked some of the typical stuff. You might expect so credentials certified financial planner. Are they a CPA either their personal financial specialist. How long they've been in the business. There are lots of people who. have not been in the business very long. Even though they're not young people, a lot of people choose financial planning as a second career, which I think is great, but just because someone may be look like they're in their forties or fifties. Sixties doesn't mean they've been in the business that long, and you WANNA. See if they've worked with someone like you right so if you have. Maybe. You have a large amount of wealth large income huge portfolio. You WanNa make sure that they have experienced with dealing with those issues, but on the flip side to if if you have, are you know middle income, decent size portfolio, but nothing too complicated. You don't WanNa. Go to someone who's used to dealing with someone who's wealthier partially because those people charge a lot more. You want to find someone who's kind of a little more lined up with what you're doing. Then make appointments with three folks. All of them will do get do free. Get acquainted means, and you're just looking for someone who you feel comfortable with. Since, you mentioned Garrett Big Fan of the Gary Planning Network and other is is not for the National Association of Personal Financial Advisers. But Garrett on their website has a how to choose an adviser section. Just Google attitude visor Garrett Planet Network has a great chapter from a dummies book that they wrote about how to choose adviser, and they have a good questionnaire that you can print out in US asking lots of good questions of financial planner. It's tough. Choosing a financial planner like my mom just went through that Bro! Is You know and she didn't really have a lot of options in Boise Idaho. Maybe two and one of them, she I never called her back, and never got back her, and the other one was just so busy just so busy, and just she just never. It's it can be rough. Finding a financial planner can be I. Think what we'll see is one of the consequences of this. Of the coronavirus pandemic. Just, like we are all used to working from home, many financial advisors and financial planners an now working from home. So in what they're doing is they're becoming licensed in more states. So, if you are more comfortable, working with someone over zoom remotely I think you don't have to stick with someone in your area. You can go beyond your locations, but you know some people don't feel comfortable that if if they're going to have someone managing their life savings, they want to be able to meet them in person. That's just a personal choice. All right next question comes from twitter. Is that right from sully what I hear? Okay? I just listened to the episode mentioning Your Weakness Two. Shopping carts and Tj, Maxx that me or you Jason. Accused me. Thoughts on the stock. If I had a war on Amazon, basket would be Costco TJ maxx Home Depot tractor supply. What would be your basket against online retail? That's funny. Well okay, listen I wouldn't have basket against online retail, because online retails where it's at. The whole idea. The whole idea behind the basket approaches to find a long term trend that you feel like the world is headed toward and so the war on cash basket, for example that was always one about people using cash war, traffic payments now with that said I get the spirit of the question some going to answer it because I do like some of these ideas. And I I would definitely include Costco in their in Home Depot's well. Home Depot gets a lot of my money. Doesn't, but they have a very loyal fan base of customers that just are happy to renew year in year out. So I love those membership models there, so costco and a Home Depot for sure you know I'm going to give a little shout at my wife Robin I. Know that she would approve of my adding target to the mixer. She hasn't been raving about targets APP and ordering on the APP the able to go to the store. Just pick it up right there I've talked with Ron Gross on more than one occasion about target and how this really has. Become a twenty first century resale right they're doing. They're doing everything online and in physical stores. What they call Alma Channel and then my fourth and I'm GONNA. Take this. You probably aren't expecting this when Alison. I'm GonNa Shock and all you. I'm ready. I'm ready Alta. We're going. Make up my I know my daughter's love. It ugly ugly Mug like this. What do I know about makeup? Tell you what. Get! A House with two daughters and a wife. That's what I know about make. There's a lot of it in an Ulta is a really really good business. They actually have a very nice diversified revenue stream. They've got the salon a`dynamic of the business which encourages people to go there they do have an online business. They have an augmented reality function there at where you can actually like. Try things on makeup to see how it looks. Mary Dillon just a phenomenal other adults of that's my fourth, their Ulta but they I appreciate the spirit of the question I like the idea I'm not saying this is the basket. I'm not tracking this basket in a not a not backing this basket, but in the spirit of the question if I had to develop. A basket, such as this one I think it'd go with those four. Yeah, I mean I guess you just have to think about what retail out there is something that you would still physically go to. Because the actual retail experience is being in the space is the experience and what you're there for? And I know I mean before Corona virus we I would go to target and just just couldn't believe how much money I had spent from walking through a few of the aisles. TJ Max is just a phenomenal business I mean what they've done through the years. Is really capitalized on the nature of the business, the advantage they have in that treasure hunt kind of nature like you go to TJ Max, maybe not necessarily looking for something, and then you end up finding a lot of things, and it can be a little bit lumping at times, but but generally speaking like management's a very good job of running that business, and they know how to exploit the advantage of experience. I think they're online game. Though I think they could probably get something going with online, and they just have not have not yet and so I. Haven't since Corona Virus for example. I haven't spent a single dollar there, but I continue to still shop at. Home Depot I. Think Yeah! We still shopping at home depot because we're doing. You know you gotta buy lumber somewhere. And I know my grandparents out in my my inlaws out in rural Virginia. They love tractor supply store, but that's not. That's not in where we live, but. Still New deck at the house there allison. I mean you, can you see? A big exposed beam behind me and some drywall work that needs to happen. Have lots of drywall work that needs to happen now though. Yeah Anyway get to that. All right next question comes from Matthew. I got married to my amazing wife nine days ago in a small Kobe nineteen wedding in our front yard after we postponed it from its original date in April all. It was definitely different, but still very special. My question is in relation to this wonderful event. My salary has been at a level that has allowed me to fund a roth. Ira I love the optionality of it, but after marrying my bad ass, wife are combined. Salaries are now over the limit that would allow me to fund the Roth. IRA does this affect occur immediately? Do I need to now open up a traditional. IRA and begin funding it or do I have until the end of the year. Matthew wants a Roth Bachelor party one last. Well Matthew I have bad news. When it comes to most things in taxes, your status and your age and things like that depends on where you are on the last day of the year, said if you're married on the last day of the year, you were considered married for the whole year. So that means if you contributed started contributing to a Roth IRA for twenty twenty. You need to call up your brokerage. Firm and re characterize that as a traditional. Now don't have any other traditional IRA, as it's very easy to do the back door, Ross which we've talked about before you can just google it or even when you call the brokerage, just say I want to do the backdoor. Roth and they'll tell you what to do. If, you have other traditional IRA as you can still do. It just becomes more complicated and you'll probably pay more taxes. So you, but you may not be totally out of luck and I should say that's only if you have a traditional IRA doesn't matter if your wife has traditional areas. One exception by the way of of what I just said. In terms of tax status and last day of the year is distributions from retirement accounts before it's age fifty nine and a half, you actually have to be age fifty nine and a half to avoid that ten percent early distribution penalty, unless some of the many exceptions that are out there exist. Right next question comes from Warren Warren Buffett. Maybe I don't know that's why I was thinking. He's asking about coq, so maybe maybe. Once James Opinion on coke. By? Or hold? Wants to now. I'd give buffet night give. Kiesel Warren of the same advice and I would say. For some I'm not buying it. Not Buying it I'm not holding it if I own it. I guess that means sell it. Even Atlanta Georgia person like you i. feel like it's almost sacrilege. I am pretty close to probably not being ever even invited back. But the facts are the facts. Okay, I mean you do have to look at the stock itself has been ain't bad stockton for the last five years. I mean I do understand why when you look at it what they do, I mean they have. Four hundred master brands, and less than fifty percent of them are the big global brands that are actually responsible for almost all of their revenue when I say almost only ninety eight percent, so it's a business. It's very reliant on on. You know a small portfolio of really successful grants. The problem is now. We've always talked about cocoa beans such a great distribution story and that's true. They've got a distribution network. It's just phenomenal, but the problem is now. They're what they're distributing is is being seen as not so good for you in so you're seeing them. Have it into to essentially pivot away from what you know brought them all of the success for all these years. Years in soda and that that's not going to change I. Mean you're always GonNa have people to drink soda? People are not to drinking as much soda going forward in the numbers of just kind of the kind of shown that through that through the quarters in the years of Coca, Cola and Pepsi Pepsi. Has the salty snacks division, which I've always been very. Impressed by I, mean I love a good Cheeto, and so I mean anytime you can throw a bag of those cheetos in my Patriot Amok GonNa, turn it their coq. Interrupting, but I think this is also very important point. You tried the Jalapeno White Cheddar crunchy cheetos. The White Shit or so. I've tried to Jalapeno ones but I've not seen the white Cheddar White Cheddar Jalapeno crunchy cheetos. Don't get the puffy. The poofy ones are not as good, but the crunchy white Cheddar Jalapeno Cheetahs. them by them. They're amazing. I have to back. Pain you. I'll get those next time. I promise I, mean Eh. One. crunchy wants the puffy ones, so that people won't you're not? You're not seeing poopie. Who using poofy Joe Copy? We'll be Coca doesn't have that dynamic of their business. They don't have that dynamic to their business, and they've suffered from that Pepsi's Pepsi's outperform coca-cola over the last several years. It's not safe. Pepsi or coke get it back. I'm sure they probably can. But what I am saying is I think there are a lot of better ideas out there, and so I wouldn't be putting new money into Coca Cola and frankly if I did own it. I probably would look at selling it and you know if you've got a beverage company, maybe own starbucks. It seems like the science coming out in support of coffee, right? It's coming and telling you that these sodas. They're gonNA. Make you fat. Coffee, it could extend your life. It could help you live longer. SMART Mexican looking this a starbucks as well is. That sounds like study from the copy roasters of America. Do! Something that Chris Hill sent me the other day. that. We sleep at night. I'm glad I've been drinking coffee as long as I have God knows what I would look like otherwise. You're a good looking man. Rick. good-looking next question comes from. A. I'm trying to save money for my kid's College. Fund while the five nine is a great option. I'm limited to investing in mutual funds, which means at best I'm going to get what the market gets assuming I do some sort of low cost index fund and I be a capital F. Fool investor have been doing much better than the market in the last three years of being a member of. Of Stock Advisor Enroll breakers, even during this pandemic mess by listening to every full podcast and following David and Tom's and yours and every one else's in the full universe. My portfolio of about one hundred stocks is up here today. Thirty percent to the market's down five percent as of day as of today weighed down by three sluggish five to nine plants that are also down five percent each. I feel like throwing away money by using the five to nine, and not being allowed to select my own great companies in which to invest. What's more, my understanding is that the five to nine does not count as an asset for the kid when applying for student aid, but the coverdale does. So I come to you with a simple question. Can I have my cake and eat it, too? What if I wanted to use the coverdell to buy individual stocks? Until the child is nearing college? At which point I then converted to a five to nine. This allows me to get better returns and avoid it being an asset for financial aid and get the favorable tax benefit. So, chose this question, because first of all Dune does a good job explaining the benefits of the coverdell over the five twenty nine, you can buy individual stocks. You can buy and sell them all day long. We recommend that, but you can. Whereas with the five twenty nine, you can only make two changes to the investments a year, and it's all mutual funds. So. That's you did a good job of explaining that. I will point out with the coverdell. It's gotta low contribution limit of only two thousand dollars a year, so for some people save more for college, but they can max out to cover it out, but then put the rest in a five twenty nine. One thing that doomed does not have quite right. Is The financial aid treatment the financial aid treatment? Coverdale's and five twenty nine is identical. They're treated as assets of the parent, not the kid that is favourable from a financial aid perspective. It's not negligible doesn't mean it doesn't have any effect on financial aid, but it's better than an asset that is owned. By the kid. He can. Transfer money from the Coverdell to the five twenty nine. If for some reason, he decides to do that, but you can't transfer it. The other way around so were convinced to try out the covered. You have money in a five twenty nine. You can't move it from the five twenty nine. To the coverdale. What other interesting thing that he pointed out is that he is doing very well with his investments, and he owns about one hundred stocks. We get this question a lot. Either on the show, or on the full live that we run every day for members of full services, and that is how many stocks should I own, and if I owned too many are not just owning index fund watering down my returns, but here's an example if someone owns a one hundred stocks is still crushing the market. Idol last question comes from Cameron thoughts on the valuation of Stone Co in light of the corona virus for a fragile country like Brazil. This could be the tipping point after so many other headwinds. But how does that affect stone? coz Business Jason I. Don't even know what Stone Co is. What is still business? Yes, don't Coz a payments company that's focused on Latin American markets in Brazil and particular in so I guess it could be. Draw you can draw a parallel to to a with square through pay pal at, but generally speaking I mean it's payments. Company focused on Latin America. Primarily Brazil. Is the big money making market kind of like Marco Libra, they're. In I, I, it's a it's. A NEAT opportunity, gained a lot of headline recently, when and it was, it was seen that Berkshire hathaway. Warren Buffett's company Berkshire hathaway taken a five percent position in the company, which is pretty considerable i. Think in the near term. You have to acknowledge the fact that. They're gonNA, be some real headwinds in in Brazil particularly because of the pandemic I mean. The flip side of that is role in same boat kind of in that regard. The entire world is dealing with it, so it's not specifically you know it's. It's not particular to one economy or one country some. To get hit harder than others I, do feel like Brazil. Be at a place where they can recover from this given You know some of the other businesses in the area. I mean that that that I think is. Who knows ultimately how? That's GONNA shake, but generally speaking. I think the move away from cash towards cashless. Transactions in and financial software that's not stopping if anything, this hastens that which which is what I think, Cameron's talking about there and for a company like stone. Co, neither are other companies in the space pags bureau in roquetas libra to but you know moving money around is a big big market opportunity, and there's nothing that says they won't be able to expand well beyond the Latin American markets, too, so I I'd say cautiously optimistic I mean I

IRA Jason Moser Google Chris Hill Brian Feroldi Canada Starbucks Warren Warren Buffett Twitter Toronto Alison United States Muny Bond Brazil Alex
Before You Invest, Do This by Derick Van Ness

Optimal Finance Daily

04:19 min | 2 weeks ago

Before You Invest, Do This by Derick Van Ness

"Before you invest do this by Derek. Van Ness of big life financial dot com. I don't need to tell you that you're constantly being bombarded by advertisers. Each of them is trying to get you to believe their product service or cause is worthy of your hard earned pennies as they try to influence you. Many advertisers strategically attack your mind's natural tendencies. They tell you that you need to look a certain way. Take particular action or join a particular group in order to be happier and more successful. Most of us, know these images and false promises our garbage, but it doesn't mean that we aren't susceptible to the ideas. Advertisers are putting in our heads I. could talk all day about the false ideas that are being pushed in the media, and how they are making people less happy and more frustrated, but that's a topic for a different day in a different post, however I believe that one of the most harmful ideas being perpetuated in the marketplace today that you need to invest as much of your money as possible, and you need to do it as soon as possible, or you are missing out. Of course the advertisers motivation is for you to invest with them, so they can get paid in have access to your money to make even more prophets for themselves, so they're message serves their interests, but is it truly in your best interest? The short answer is no. Investing has its place, but it should not be the first thing you do when you begin earning money. This is especially important for people who are newly out of school and developing their financial habits. So, what should you do, I? You need to learn to systematically save money because if you can't ever save any money, how will you ever be able to do any meaningful investing? I know that isn't as sexy thing to say, but it is absolutely essential. Having money in a savings account will actually be worth more to you than any other investment you make. How is that possible? It's because having money saved works for you in many unseen ways, and here are three of the most important. One having money saved, gives you peace of mind and confidence. Both of these allow you to sleep better at night. Be a better spouse, parent or friend, and be powerful in your career or business. Your state of mind is your number one asset, because when you are confident and abundant, you are far more effective than when you are operating out of a fearful or scarcity mindset, the importance of mindset cannot be overstated. It is often the difference between a successful business or marriage, and a failed business or divorce caused by financial stress, financial peace and confidence is. Definitely vital. To money in your account helps you save on interest. Savings helps you to avoid taking loans all together, but also allows you to get better interest rates on the loans you do take whether it's having money for a down payment on your car or showing the bank that you have money saved. When you get a mortgage. Having money set aside will help you save on unnecessarily high loan rates. Three most importantly, your savings account will allow you to minimize losses incurred in Difficult Financial Times and maximize your opportunities when they come along. If you have money invested, but no savings, he may be forced to cash out of your investments at the wrong time leading to surrender fees or losses because you needed the money for an emergency. Conversely, a strong savings account will allow you to jump on the right opportunities when they present themselves, note saving money into a 401k or IRA does not have these advantages accessing so-called qualified money can be difficult and almost always comes with penalties or fees. So stopped to consider how much you'll potentially miss out on by having your money tied up until you are fifty nine and a half years old I've seen many people unable to start their own business or capitalize on a great opportunity because they couldn't access their money through the years I've worked with enough people to know that most of us get a few curveballs in life and a few key homerun opportunities being in the financial position to deal with the curve balls without losing everything and the ability. Ability to take advantage of those homerun opportunities can often be the difference between living prosperously and barely getting by so before you rush into investing your money, take the necessary time to build a financial foundation I

Van Ness Difficult Financial Times Derek IRA
The History Of Jazz in Classical Music

Classics for Kids

03:58 min | 3 weeks ago

The History Of Jazz in Classical Music

"Welcome to classics for Kids I'm Naomi Lewin. RHAPSODY in blue. The name that IRA Gershwin suggested to his brother. George is perfect for a piece of classical music. That uses Jazz George. Gershwin wrote a lot of classical music that uses jazz. Jazz the word blue refers to changing some of the notes of musical scale to blur the lines between major. And Minor. George Gershwin wasn't the only classical composer to put jazz his music. He wasn't even the first. French composer Darius Milhaud Love Jazz. He used different kinds of in different pieces. Neo wrote leboeuf's your Twat French. For the Hawks on the roof under the influence of a trip to Brazil then he studied American jazz and started using it to a lot of European composers were intrigued by American jazz, Maurice rebel, but composer who wouldn't let Gershwin study with him because he didn't want to corrupt, his music wrote a piano concerto. That sounded a lot like Gershwin. Russian composers got into the to when the Soviet Union held an official competition to raise the level of jazz in the country. Dmitri Shostakovich wrote his first jazz. After they organized an official. Soviet state jazz orchestra. Shostakovich wrote another jazz suite Russian composer eager. Stravinsky love jazz to his Ebony. Concerto is for clarinet and jazz band. Stravinsky wrote it for Woody Herman and his thundering herd. The clarinet soloist on that recording is Benny. Goodman and American musician, who back and forth between popular and classical music, just like George Gershwin another American. Who did that was Leonard Bernstein. This is from his ballet fancy free. In addition to classical composers who put jazz into their music, there are jazz composers who wrote for the Symphony Orchestra one of the greatest jazz musicians ever was Edward Kennedy Ellington better known as Duke.

George Gershwin Dmitri Shostakovich Naomi Lewin Darius Milhaud Soviet Union Edward Kennedy Ellington Leonard Bernstein Official Stravinsky Symphony Orchestra Ebony Goodman Maurice Rebel Woody Herman Benny NEO Hawks Brazil Leboeuf
Train Your Brain To Find Opportunities During A Crisis

The Model Health Show

04:54 min | 3 weeks ago

Train Your Brain To Find Opportunities During A Crisis

"Welcome to the Mater Hell, show this fitness nutrition expert, Shawn Stevenson and I'm so grateful to you today. We've got a very popular episode nine up today with him. Talking about how we can make the most of the situation that we find our society and right now you know with twenty twenty. It seems like twenty twenty came along and through our lives into a blender, but today we're GonNa talk about how we can make it into a delicious smoothie. You know what I mean and right now here in the state of California that just moved to. We haven't even been here full year yet. Society is re shut down there and just shut it down, opened it little bit open the crack and they shut it back down and right now for the upcoming semester children are you back to school we've got millions of people who are unemployed. Countless businesses are closed and this is a very trying time and I truly want everybody to understand that we have not seen the fallout. Fallout yet. The true fallout and I WANNA help to make sure that as many people as possible are in a position to overcome this, because our mental health is going to be stressed, our financial health physical health are relationships, but we can come out better Albert Einstein said that in the middle of every difficulty lies opportunity, and we have to shift our mindset to that, though because when things are going bad, we're faced with. especially uncertainty, we tend to go to the dark side. Are This is how? An CONSI- Walker you know went down the wrong path it was it was presented with You know those those trying times and trying opportunities you know so shout out to Darth vader shadow to space balls IRA out. They get credit. one of the greatest movie parodies of all time all right instead of Chewbacca, the wookey. They had BARF play by John. Candy. Alright a big shot to them. But again in the middle of every difficulty lies opportunity. We have to shift our mindset there and this has been a trying time for many. But I believe that we are strong I believe that we are capable and I believe that this is a time in history that is offering a great reset. It's offering an opportunity for humanity elevate. It makes me think of you know the original Nintendo the original Nintendo. The game console itself had two buttons. One was a power button in one was a reset button. First of all, why don't if I want to reset? Push the power button often. Turn it back on again. They're like no. You're going to need this reset button. The reset says. I'm playing the game. Maybe I made a mistake maybe i. was exposed to clinch. May. Be I WANNA do something different, but the reset says I'm going to keep playing. is going to tap this real. Quick I'm GONNA keep playing. And I think their life right now is a big reset button that is getting pushed whether we like it or not, and so we need to embrace it because it's happening, you know fighting against what is is what leads to allow to suffering. But the thing is we don't have to. We don't have to be content about it. We need to accept it realize what's happening. Realize what is and then put in place an intelligent. Plan of action which starts from the inside. Truly, all changes in inside game and really getting our mindset right and taking control of our own personal. Economy inside of our minds are personal health and wellness inside of our minds, so we can take that and spread that out to our family and our communities so very excited about this episode in as I mentioned. This is my first full summer here in California I grew up the Mid West S. T.. L.! Right in here in California is, it's amazing. The consistency in the weather, but something that I've noticed is very different from the Midwest Summers. Is that here in California you got the heat he might be to say is nine hundred ninety five outside. And If, there's a piece of shea going. Get into the shade in this cooler cycle is nice shadier. In Saint, Louis, it doesn't work that way. Would you say if it's ninety ninety five and Saint Louis? And you see a little piece of shade going. Get some of their shade, but. He's like what do you think you're going? We have this little extended arm, cold humidity, and it'll grab your by your collar. I make your holiday dollar humidity. It doesn't feel good. You know so. It's like I've got a true experience now of going into the shade and me like Oh. This is nice, nice shade. But Saint Louis doesn't work that way shot to all my friends and family in Saint Louis, everybody listening in Saint Louis I love you guys so much.

Saint Louis California Twenty Twenty Shawn Stevenson Albert Einstein Nintendo Darth Vader IRA Midwest Summers John Shea
Federal government executes Wesley Ira Purkey, 2nd man put to death this week after 17-year hiatus

Terry Meiners and Company

00:49 sec | Last month

Federal government executes Wesley Ira Purkey, 2nd man put to death this week after 17-year hiatus

"The federal government has carried out its second execution this week will clock reports 68 year old Wesley perky, violently raped and murdered 16 year old Jennifer long before dismembering, burning and dumping her body in a septic pond. In Kansas. He'd been on federal death row for 17 years and had argued he shouldn't be executed via lethal injection because he was suffering from dementia. In his final statement, however, he was of sound enough mind to remember his victim's name apologizing to the family, saying he deeply regrets the pain and suffering he had caused them. Before going on to call his execution. A sanitized murder. The long family reacted. He's not very genuine. He's He's a very manipulative individual

Federal Government Wesley Jennifer Long Kansas Murder
Wesley Ira Purkey executed by lethal injection, the second federal execution this week

On Point with Juandolyn Stokes

00:24 sec | Last month

Wesley Ira Purkey executed by lethal injection, the second federal execution this week

"Government has carried out its second execution This week, Wesley Perky, was put to death at a federal prison in Terre Haute, Indiana. This morning. The 68 year old perky was convicted. In 2003 for the rape and murder of a 16 year old girl in Missouri. He's the second federal inmate executed this week. Daniel Lewis Lee was put to death on Tuesday, the first federal inmate to be executed in 17 years.

Wesley Perky Terre Haute Daniel Lewis Lee Rape Indiana Murder Missouri
What To Do When Stocks Go Down by The Finance Twins

Optimal Finance Daily

04:07 min | Last month

What To Do When Stocks Go Down by The Finance Twins

"Twins dot com. If you're wondering what to do, when stocks go down, you're not alone. This is a question. We've started to get asked more and more. The stock market has been dropping and everyone is afraid that the incredible market performance is going to slow down and their 401K's will lose a lot of value. So what should you do with your investments? When stocks go down, the short answer is nothing. Don't change a thing. When the stock market drops, and the prices of your stocks go down. The problem with doing nothing is that it's hard. It goes against our natural instinct and desire to be proactive so that we aren't the last to move. Buy High and sell low is the mantra of investing right. Everyone wants to react when they see their investments lose value. When the stock market drops on the other hand. They want to invest more. When the stock market is shooting up, the problem here is that it's impossible to accurately time the market consistently. Don't be fooled by randomness. The research shows that this emotional desire to try to time the market by trying to buy low and sell high actually hurts investors, according to renowned Princeton economists and CIO of wealth, front the behavior. Behavior gap between the S. and P. Five hundred and the average investor returns may be as large as five percent annually over a twenty year period. What the data shows is that most investors will follow recent returns so when the stock market is going up, more money flows into stocks, but when the stock market drops, money will flow out of the market by reacting to performance. Investors are actually selling low and buying high the opposite of what they're trying to do. Won't I be protecting my investments by selling when they are high before their value drops. The problem with this train of thought is that no one knows when a stock has hit rock bottom or has truly peaked. If you knew exactly when to buy or sell, you'd already be a billionaire and would be on a private jet on the way to Paradise. Right now at least what we'd be doing. In an article by Hoffman at all, it is reported that investor risk tolerance decreased during the worst months of the two thousand eight recession. This highlights the emotional reactions taken by investors and the importance of sticking to your investing strategy. If you felt confident investing ninety percent of your 401k or Roth, IRA in stocks and ten percent in bonds when the market was strong, you should stick to your plan when the stock market drops. If you panic can sell, you will only hurt your investments more. So if my portfolio is losing most of its value, I should sit back and watch it drop without changing anything. For the long term investor, this is the perfect strategy. You want to minimize your emotional impact on your returns. If you are investing for the long term, which is what you should be doing know that your portfolio will recover with the markets. If you sell your investments, you will not have as much in the stock market when the prices pick up and you'll be kicking yourself. According to Dalbar is twenty fifteen report, the average mutual fund investor was outperformed by the S. and P. Five hundred by over three percent in two thousand fifteen. But how can you be outperformed by the S. and P. Five hundred, when you invest in a total stock market index fund that tracks the S. and p. five hundred, the answer is because people buy and sell throughout the year in hopes of timing the market, buying and selling based on what the market is doing prevents you from fully capturing the total market return. When should I invest? Should I wait to invest my money when stocks go down or we go into a recession?

Dalbar CIO Hoffman Paradise Roth Princeton
Judge halts execution amid claims inmate isn’t mentally fit

AP News Radio

00:45 sec | Last month

Judge halts execution amid claims inmate isn’t mentally fit

"The federal bureau of prisons had been set to execute another inmate today but a judge has put that on hold mostly IRA perky was scheduled to die by lethal injection in what would have been the federal government's second this week but a judge in Washington DC imposed to injunctions halting the execution after perky's lawyers made the case that he suffers from dementia and can no longer grasp why he's slated to die he was convicted of a gruesome nineteen ninety eight kidnapping and killing in Kansas city Missouri the victim was a sixteen year old named Jennifer along one of the injunctions halts not only perky's execution but another scheduled for Friday and one in August the justice department is appealing both cases Ben Thomas Washington

Dementia Kidnapping Missouri Jennifer Ben Thomas Washington Federal Bureau Of Prisons Washington Kansas
Judge halts execution amid claims inmate isn’t mentally fit

AP News Radio

00:45 sec | Last month

Judge halts execution amid claims inmate isn’t mentally fit

"The federal bureau of prisons had been set to execute another inmate today but a judge has put that on hold mostly IRA perky was scheduled to die by lethal injection in what would have been the federal government's second this week but a judge in Washington DC imposed to injunctions halting the execution after perky's lawyers made the case that he suffers from dementia and can no longer grasp why he's slated to die he was convicted of a gruesome nineteen ninety eight kidnapping and killing in Kansas city Missouri the victim was a sixteen year old named Jennifer along one of the injunctions halts not only perky's execution but another scheduled for Friday and one in August the justice department is appealing both cases Ben Thomas Washington

Dementia Kidnapping Missouri Jennifer Ben Thomas Washington Federal Bureau Of Prisons Washington Kansas
Judge halts federal execution amid claims inmate isn't mentally fit

KYW 24 Hour News

00:24 sec | Last month

Judge halts federal execution amid claims inmate isn't mentally fit

"49 Now a federal judge has halted the execution of a federal death row inmate whose lawyers argue, suffers from dementia. Wesley Ira perky was slated to be the second inmate executed by the government after a nearly 20 year hiatus ended this week. But a judge in D C imposed to injunctions yesterday the Justice Department is appealing in both cases. Turkey's lawyers say could no longer grasp that why he is

Wesley Ira Justice Department Turkey
IRS Announces Taxpayers Can Make Checks Directly Payable To Any Corporation Or Billionaire They Want This Year

The Topical

02:48 min | Last month

IRS Announces Taxpayers Can Make Checks Directly Payable To Any Corporation Or Billionaire They Want This Year

"The onion and onion public radio. This is the topical I'm Leslie Price. Mother fucker and we'll be right back. Hey, does anyone know who I talk to about getting my w two? If there's one thing everyone hates. It's doing taxes. However, the Internal Revenue Service recently announced a major change that they're hoping will make it easier this year for taxpayers to file OPR's financial correspondent Marcy Hammond joins me now with more on this marcy. What can you tell us well as lead the? IRS is rolling out a new system that will cut out the middleman so to speak starting this year. Year tax payers are instructed to just make their checks payable to any billionaire they want. It certainly does get rid of a step or two, but what led to the IRS making this change well irs funding has been cut by twenty five percent in the last ten years leaving the agency understaffed and under resourced. It takes a large workforce to get all that money into the pockets of the. The wealthy so from the tax agencies point of view. This change kills two birds with one stone. I spoke with Iras agent Marcia Krieg. Who explained how it works? Sending money to us have become irrelevant wasteful step. The IRS would cash taxpayers checks only for the funds to then be transferred to billionaires in the form of corporate subsidies, tax breaks and money grants for the corporations, but having tax payers. Payers right there. Check directly to Mike Bloomberg. Bill Gates or anyone in the coke family really streamlines that process so tax payers choose which of the nation's richest CEO's. They send their money to to be honest. It doesn't matter any of the five hundred and forty billionaires in the United States will do because your cash is eventually going to end up going to them anyway. However Payments Jeff Bezos. The fastest interesting, and how has it been working out for those who have already filed their taxes this year? Well I spoke to a few taxpayers, and so far they seem to think this new rule just makes sense. It was really easy. I paid my billionaire online turbo tax offered me some suggestions to choose from Howard Schultz Jack. Dorsey I chose the Elon Musk option and with just a click I deposited the money right into one of his. His offshore accounts I went down to H. and R. Block and ended up owing two hundred dollars to mark. Zuckerberg. I thought about fudging the numbers a bit, but facebook probably House on my financial that already in I. Don't WanNa on it. That brings up an interesting point. What if you owe a lot of money and taxes and the time to pay off or to get an extension? Well Billionaires Larry. Page Jamie, Dimon and the Walton family of. Of already set up their own tax, departments offer payment plans to tax payers, but just a warning. The interest rates are very high. It might be your only choice if you can't afford to pay. Just don't try to duck out on paying unlike the IRS, these tycoons wield a lot of power, and they will ruin you. Good advice but marcy I have to ask. This information has been out for a while now and today is tax day it. It seems like all. This information would have been more helpful to our listeners a few weeks even months

Internal Revenue Service Marcy Hammond Jeff Bezos Leslie Price Mike Bloomberg Marcia Krieg Bill Gates Facebook United States Dorsey OPR Howard Schultz Jack CEO Zuckerberg R. Block Jamie H. Dimon
How to become a malware analyst

Cyber Work

05:44 min | Last month

How to become a malware analyst

"You started out in kind of this this you know sort of loose umbrella organization the security. Checkpoints and stuff? But obviously it was a big jump between what you were doing there and moving up to a CTO and infrastructure manager, and so forth says you started configuring networks for small businesses so like. What were some of the major sort of stepping stones where you went from? This area of knowledge, and then you've got you know this this much higher in this tire. What were some of the sort of transformative things in your career that got you to where you are now where you're starting on companies, and so forth yet so when I said twenty, three, twenty, four, twenty, five, remember the age now and one of the big challenges in the olden days I should was Maui mostly through email arms. It was a constant challenge seems we would buy foul would say that I would change it with. Would by Boris you stop with the answer virus, but. Announcing to be constantly constant challenge to the businesses How could we start now at Einstein, which was the best dog. Back then as well coming into the network and we kept buying Butson kept going on today to see asking for more money. And why? Why did you spend this much money in the digital and so? From that? I decided that I wanted to follow in the logical me was. I don't think there should be a business issue. Technology issue on if I was running a technology company. I have ends do whatever I wanted, and then the baton. We could change your bowl so I saw saw company. Hold at sleep. At which wasn't enough security today and the idea was was to. Move Email security teams. Kyle. which everyone looked to me like headset. Quarantine is selling. It's good to get quarantined in the cloud. That was the mentality that unto make it a Subscriber Solution I. I thought that company. As a see, I became Iras, we took investment. And We grew fast not completely I in Dot com date to the to the embezzles on not later became a think fuse mail, which is now by viper that still going somewhere. That's GONNA. Fifteen Years Eissa. Nice legacy! From that when I Got Very involved in some government stuff some some logic at the right I saw A. It was the time was inspired by security advisement. Advise up a full, many large companies and. I helped trying secure environments in addition a lot of recovery ransomware Congress opponent came after the next is. A lot of breach recovery's reach detection I'm cigarette. And one of the things, we always still route throughout my twenty s I guess ninety now getting more than twenty nine thousand eight is. It's a waste Maur so it's whether it's somebody opening an email attachment whether it's. Pushing out like wannacry into seventeen or glass. To Wasting Maui, that's the pain point, everybody. Okay. Well, let's let's jump right into. That did so. Our topic today, specifically ransomware, but malware in general, so we've. We've spoken about ransomware on on past episodes. We had a great episode of a while back. We might release it with a Christian beak of McAfee who else talked about the no more ransom organization, but certainly as you say Malcolm. Malware ransomware aren't going away anytime soon, and they're always sort of. Staying one step ahead of Cybersecurity, expert experts, and you know sort of counter, a malware methods, and so forth I've always. We're always putting new sort of Maur of the week up on our on our interest resources site, and all sorts of crazy things, things young gap jumping and all these new technologies that that. you know added to things so What is the state of ransomware at the moment? Do you think it's gone down? Stayed Up, stayed the same in the age of Covid nineteen people. You know being decentralized locations and working from home and things like that is that make people more or less susceptibility thinker it so I know. Unfortunately it's gone up till nine extreme level at Bobi the highest job we seem. In the last three years. It's happened in the last three months. Okay, I. That stems from various various things one is we've now. The premature is now gone where. Nitty gone, fall, but the people who are outside liver attendance, being more technical savvy sales guys us, not pulsing used to get with technology and the threats. Now we've taken coal centers outside of the rental. We've native. People who pay lowest salaries outside of the purposes of they've lost. A little bit permits security. We've seen massive amounts of increase in things coming through, but more money things executed. The other huge contributing bachelors. Nobody knows what the moments anymore nobody knows. Is it normal to get an email from my CIO estimates? You're Oakland Sunday because. Normally. They're Managing was sitting across the evangelist our when people are home, in Saudi the most tech savvy people get these emails. ACID mortal enables macaroni. Viljoen down his file. Oh, you need to die. Leagues get access to this site on making a diving. It's not actually diabate Moran. We'll sing Momo. People get tricked into doing things that they. Traditionally do.

Maui CTO Boris Butson Diabate Moran Mcafee Viljoen Viper Covid Kyle. CIO Oakland Malcolm
"ira" Discussed on Radical Personal Finance

Radical Personal Finance

02:18 min | 1 year ago

"ira" Discussed on Radical Personal Finance

"If they're available to you deferred comp plans used to be available in certain sectors of the economy, but they're they're less common. So I don't want to go to deep into that. Finally here be careful. When it comes to inherited IRA's and IRA distributions one of the biggest things that you would like to do with asset protection planning is you would like to not only protect your own assets. While they're under your control, but you would like to protect those assets and make sure that they're protected from the claims of other people for the people that you want him to go to. So if you you die, and you leave assets to your kids or your grandchildren. Then all of a sudden they're creditors. Come after their creditors. Come after the assets. Now, we've got a problem because now we didn't do the best thing. If you're in the situation, you should be careful with your beneficiary designations, one of the great benefits of IRA plans is that when you leave them to your beneficiaries, they can take those distributions out on a very stretched out basis, which allows them to defer the tax liability to allow the money to continue to grow tax deferred tax free and only take it out over very long period of time. This usually the benefit of leaving your. IRA's to an individual trouble is when you leave the IRA to an individual. They lose their asset protection perspectives. Of course, they can invade at themselves becomes an a an immediately inherited asset and a few years ago. There was a a court case which held that inherited IRA's do not have the same protection as regular IRA's do. So now, we have a problem. How do we leave the asset in a way that we can maintain those tax benefits, but also have some kinds of of asset protection planning standpoint? And in the past also if you just simply left it into a trust. Then you couldn't use the stretch out beneficiary designations what I'm starting to see attorneys work on is trust that are specifically designed to be the beneficiaries of an IRA where they're specifically designed to be listed as the beneficiary of the IRA into to maintain. Both the asset protection perspective of having a spendthrift trust where the trust assets are not available to your child or.

IRA
"ira" Discussed on KSFO-AM

KSFO-AM

01:36 min | 1 year ago

"ira" Discussed on KSFO-AM

"For those age, fifty or more, even if you have a non working spouse, you can open an IRA for the non working spouse as long as it's funded by your earnings, it has to be covered by earned income earned income. So that's another opportunity to put money aside. You can make a fully deductible traditional IRA contribution. If you qualify and. That's another way to get money working for the future. Now that way you get a deduction you get a fully deductible contribution to a traditional IRA. If you qualify, but you can also do a Roth IRA if you prefer if you qualify for that program amounts to the same fifty five hundred for those under fifty sixty five hundred fifty plus and there are income thresholds for Roth IRA eligibility. And these are all terrific ways. Outstanding ways for you to put money away for the future. Whether it be in the traditional IRA, the Roth IRA, the most important thing of all is that you take advantage to the max that you can afford and the other most important thing of all is to absolutely take advantage at an an a minimal take advantage of the full matching provision. If you have a matching provision is so many companies do and a 4._0._1._K some four zero three Bs. This is the definition of free money if anybody ever asked you what.

IRA
"ira" Discussed on News Talk KOKC 1520

News Talk KOKC 1520

02:19 min | 2 years ago

"ira" Discussed on News Talk KOKC 1520

"Seventy-five program does not stop the TSP. And it does not stop the agency match the account will continue until the employee retires and the additional accumulated balance can be transferred to an IRA of the employees. Choice. Why roll your TSP balanced to an IRA at the first possible opportunity? Well, let's take a look as I had mentioned earlier the TSP is great for accumulation. But when it comes time for distribution, it can be problematic. The IRA does not have the one time partial withdrawal limitation like the TSP with an IRA. You can take numerous partial with roles. You can also put money back in the IRA if need you cannot do this with the thrift savings plan, the IRA is fully multi generational. If the beneficiary is a spouse, the funds will pass to the spouse with no tax, the spouse can continue the current IRA or transfer it to their own IRA. They can make new contributions to the IRA which is not possible with the DSP IRA's have a provision that will save the contingent beneficiaries in most cases, the children tax dollars and diffuse the tax time bomb that we mentioned earlier it's called a stretch IRA. The stretch IRA will allow the children or any non spousal beneficiary to take the IRA through a series of smaller payments over their lifetime instead of being forced to take full distribution. Like, they would from a beneficiary TSP. This does not prevent the stretch IRA beneficiary from taking more money if they need to it gives them more control over their tax liability, the stretch IRA can skip a generation has an example. Let's say your daughter is the beneficiary of the IRA, and she decides that she wants the IRA to pass bypass her and Goto the granddaughter that is possible with the stretch IRA, no possibility with TSP, you can actually place a restriction on the IRA and require your non spousal beneficiary to take the inheritance via the stretch, thereby preventing them from receiving all of the funds in one lump sum. This is what I call controlling it from the grave. The TSP has no such provision. So let's review an example.

IRA
"ira" Discussed on The Tom Leykis Show

The Tom Leykis Show

01:52 min | 2 years ago

"ira" Discussed on The Tom Leykis Show

"And let me guess businesses really i'm sorry businesses really picking up business is good as long as people eat babies bulbul i'll be all right hi i to myself but i don't know where my money guys talking and i don't know which go roth ira you ever roth ira why not i mean i really don't have anybody in my circle that's that's like businessminded or investment minded outside of the only place you get information from your circle of friends i don't i don't take advice from my friends i take advice from people who know more than i do that's why i wanted to call in i have got to have an ira got two roth ira you're going to open one tomorrow doing the benefits of it i'll vice and i'll look up the benefits and having that i don't want to berry i'm looking out for you not just trying to beat you up i really want to see you succeed i wanna see you you know you work so hard don't you wanna have something to show for when it's all over okay the first thing i'm gonna tell you to do is yes you get yourself roth ira get that started whole life insurance policy.

ira
"ira" Discussed on BizTalk Radio

BizTalk Radio

01:58 min | 2 years ago

"ira" Discussed on BizTalk Radio

"If you get immediate tax relief today the future is going to be taxable if you don't get any immediate tax relief today the rough side of the house we have tax relief in the future so which one is more important the tax relief today for the tax relief in the future for some people the tax relief today is more important than the tax relief in the future others the other way around in other words earn a heights maybe in high tax bracket today so it would it would help them to get the deduction now when it comes to the traditional ira or let's just talk about the ira side of the equation some people may not have the ability to make that tax relief today they make too much money to have a deductible traditional ira so for them assuming they qualify on the agenda gross income limits the choice is very easy if i have a nondeductible traditional ira no tax relief today and a nondeductible roth ira no tax relief today the contribution is in the middle section is the same they're both tax deferred but at the end with a traditional ira all the earnings are gonna come out taxable even though i didn't get the tax relief at the beginning the earnings are still gonna be taxable the roth ira clearly better and obviously so that one is a no brainer if you don't have the ability to deduct traditional ira but you still have the ability to do a roth ira contributions and you're going to save money that's a no brainer the roth ira is better and i also believe the roth ira is better than just putting money in assuming we have time or is it into a personal account as well because a personal account if i put it into a stock bond or scaredy whatever that investment earns as it's going along whether its dividends capital gains that i've created capital gain distributions if it's a mutual club interest that'll be taxable to me as i go along or ultimately when i sell it if i need to spend it sometime in retirement.

ira
"ira" Discussed on Chris Hogan's Retire Inspired

Chris Hogan's Retire Inspired

02:00 min | 2 years ago

"ira" Discussed on Chris Hogan's Retire Inspired

"So vip's i talked to you about a not so secret secret weapon it's a weapon that you can use to help chase down your retirement dreams as we all chase down our dreams it's important very very important that we make sure we're using every tool that's available to us we need to make sure that we're aware of what tools are available how they work and how to make sure especially make sure that we're using them correctly you see the truth is roth iras are not as complicated as some people may think the truth is all it takes some knowledge and then action to set up and allow the roth ira to work for you and your dreams another truth is using the available tools like roth ira's can help you build something you can be proud of something you can be proud of like a plan for you and your financial legacy but listen we can't buy in the lies one lie is that it's too late for you to use a roth ira you know what that's not true no matter of your age or your stage all you need is earned income to be able to get started another lies that the whole raw thing well it's just too complicated no it's not it grows tax free it's something you have to set up it's something you contribute to that's not complicated that's called real and you know what a big lie is we ip's this is one that i hear people say i don't know what to do to get started all you have to do is go to chris hogan three sixty dot com click on the dream team button and find a smartvestor pro that i trust yes i have people in your area or near your area that can talk to you about this and walk you through how to do it they are pros and they will show you the right steps to take and there's no shame in reaching out to people to get more information we have more information these days at our fingertips than at any time ever in the world you have an opportunity to get online you've got an opportunity to reach out to somebody that i trust to be able to talk.

roth ira chris hogan
"ira" Discussed on Chris Hogan's Retire Inspired

Chris Hogan's Retire Inspired

01:58 min | 2 years ago

"ira" Discussed on Chris Hogan's Retire Inspired

"Iron and have taxable income you can both contribute to your own separate roth ira's now there are some limits that apply based on eligibility and income that we just talked about but let me give you an example let's say roberts thirty five years old and he makes a hundred and fifty thousand dollars a year and his wife gloria works at home with the kids robbing gloria can each contribute the maximum amount of fifty five hundred dollars for a total of two accounts however if robert only makes eight thousand a year and contributes the max of fifty five hundred his non working spouse non working outside the home that is can only contribute twenty five hundred dollars again you cannot contribute to a roth ira more than you make okay question number six is a roth ira and a roth four one k the same thing no but here's the deal vip's both accounts are taxed the same way you see adding the word raw to the name of either a savings plan or an investing plan means the money that you contribute will be taxed up front right you've already paid the taxes on it and it's going to grow tax free which also means that you get to withdraw the money tax free when you retire so a roth four one k r is a plan that sponsored by employers there you know there are some nuances with it so if you are receiving a match from your employer on your roth four one k the match portion of that is not tax favorite meaning the growth from your employers match will be taxed when you withdraw the money just like a regular four one k but that's only on the match portion the amount that you put into a roth 401k does continue to grow just like ross stu tax free so you can also contribute to both a roth ira and a roth four one k at the same time just remember contribution limits still apply according to the roth ira.

roberts gloria robert roth ira four one k twenty five hundred dollars fifty five hundred dollars fifty thousand dollars thirty five years 401k
"ira" Discussed on Chris Hogan's Retire Inspired

Chris Hogan's Retire Inspired

01:45 min | 2 years ago

"ira" Discussed on Chris Hogan's Retire Inspired

"To them now i'm serious talk about an amazing gift a gift that you're giving that can be tax free that's a good thing now another question i get is how is a roth ira different from a traditional ira that's a good question now here's the deal the main difference between a roth ira and a traditional ira is simply how they're treated for taxes i mean we can take a look and kind of talk through but there are some income requirements for example with traditional ira get this you have to make annual withdrawals from your ira after you turn age seventy and a half but with a roth ira there are no withdrawals required if you are the original owner traditional ira you have to take it at age seventy start taking out money with a roth ira you don't have to in any point in time now here's the deal with a traditional ira you've got to pay taxes on withdrawals in retirement but with the roth ira what's the answer what am i about to save the ip's if you've been listening you're tracking with me with a roth ira you're not taxed on any kind of withdrawal in retirement so again being able to see the difference now i just want to remind everyone for twenty eighteen the total amount that you can contribute to either a roth or a traditional ira can't be more than fifty five hundred dollars a year but it can be sixty five hundred a year if you're over the age of fifty question three are you eligible for roth ira well here's the deal did you earn income if you did then yes you're eligible however you can't contribute more than you make so let's say for example you have a nineteen year old son or daughter that earned an income of three thousand dollars while waiting tables over the summer so what does that mean if they only earn three thousand that means they can only contribute up to three thousand.

fifty five hundred dollars three thousand dollars nineteen year
"ira" Discussed on Chris Hogan's Retire Inspired

Chris Hogan's Retire Inspired

02:02 min | 2 years ago

"ira" Discussed on Chris Hogan's Retire Inspired

"Dive in here the seven questions about roth ira's and your number one the top question what is roth ira well it's an individual retirement arrangement now i know that's what fancy words but hear me all it is retirement savings account that allows you to pay taxes on the money that you put into it upfront now there are two big advantages of these after tax contributions i the money you invest in your roth ira grows tax free we've talked about that but tax free here that second you won't taxes when you would draw the money and retirement so if you're a count grows by hundreds of thousands of dollars over time which they do you own oh taxes when the time comes to use that money when you retire seriously think about that for a second that's what i call a serious win now here a few details all right roth ira accounts are savings accounts that you open and maintain outside of your employer retirement savings plan all that means is your roth ira is not like your 401k your 401k is done inside with an employer the roth ira is something you set up with your smartvestor pro on your own okay so you have to be able to do that now since roth ira withdrawals or tax free in retirement they can be a smart option for people who expect to be in a higher tax bracket when they retire now here's the point vip's no one knows what the government's gonna do no one has any idea i mean listen we just had a tax change here recently so we don't know what the future holds so why not put yourself in a position to be able to avoid whatever the government might do by doing something that's going to be tax free and regardless of the laws that are passed regardless of who's in office they can't impact your roth ira i'd like that now here's the deal did you know that you can choose beneficiaries to inherit your account now your beneficiary that's the person you designate to inherited right when you pass on but here's the beauty.

roth ira 401k
"ira" Discussed on Chris Hogan's Retire Inspired

Chris Hogan's Retire Inspired

02:03 min | 2 years ago

"ira" Discussed on Chris Hogan's Retire Inspired

"That money is going to be able to grow tax free and now here's the better part vip's when you withdraw that money in retirement you don't have to pay any taxes oh no taxation you better believe it and i'm gonna dig into more of that a little bit later but i need to answer this question as well because people say well hogan wash should i get one how does it help well i look at roth ira's and i think of immediately two words i think of the word options and flexibility you see roth ira's are rare investing opportunity to be able to give you tax free growth it gives you the option to never touch the money and to even be able to pass it on to your heirs now also unlike a traditional ira anyone with earned income can add to their roth regardless of age so that means if you have a job and you're being paid by an employer you have an opportunity to get into a roth now i'm gonna tell you more about that a little bit later but as i was doing my research i also ran across some stats about roth ira's and this is based on the irs database for ira investors of all ages but did you know that more than three and ten roth ira investors are younger than h forty did you know roth r e are most commonly opened with contributions now what that means is as that's people paying from their bank account into a roth now there are also ways other ways that can be opened it can be opened with a conversion of an account or rollover now there are certain limits and guidelines there so you'd have to definitely connect with your smartvestor pro to walk through that but listen did you know roth ira investors displayed persistence in their contribution activity meaning this thirty nine percent of those contributing to a roth ira did so at the limit in back to back years now remember the limit that you can do for this if you're under the age of fifty is fifty five hundred dollars a year that's the max you can do if you're over the age of fifty.

roth ira irs ira fifty five hundred dollars thirty nine percent
"ira" Discussed on Timesuck with Dan Cummins

Timesuck with Dan Cummins

02:04 min | 2 years ago

"ira" Discussed on Timesuck with Dan Cummins

"Driven from all soil and victories house exactly like that far fuck you didn't you just feel like you were in ireland for a second i did kind of on the 14th the december an ira column under a sean garland a detonated four bombs one of which blew in the front wall outside lynn lasko ruc station before raking it with gunfire further attacks on dare lien and rosli ah ruc barracks on the same day or or beaten off the ruc being the royal ulster constabulary successor to darisi a roughly nine thousand these police officers will be injured during the troubles another series of ira attacks that's it for years will we'll talk about ssim on the on the death thirty the december an ira force attacks heroin or ruc barracks again killing are you see constable john scally the first fatality of the campaign and then a 1950 seven the ira intensifies our efforts admit total of three hundred forty one attacks in northern ireland just in that year but then by 1958 the frequent capture ira members and waning public support people sick of the fucking bombings the move a begins to fade away in an attack ceased by 19 one although did petered out by the late 1950s the campaign was officially called off on february twenty six 1962 in a press release issued that day the ira army council stated the leadership of the resistance movement has all the termination of the campaign of resistance the british occupation launched on twelve december nineteen 56 instructions issued volunteers of the active service units in a vocal units in the occupied area had never been carry out all arms in other material had been dumped in our fulltime active service all taylor's have been released with ron foremost among the fact is motivating this course of action is we need attitude of the general public's mines had been deliberately distracted from the supreme issue facing the irish paypal the unity and freedom of allowed the irish resistance movement renewed his pledge of eternal hostility to the british forces of occupation an islet it called on the hours people von crease support it looks forward with confidence in cooperation with other branches of the republic move.

ireland sean garland ruc ira army council royal ulster constabulary ira heroin john scally taylor ron
"ira" Discussed on Timesuck with Dan Cummins

Timesuck with Dan Cummins

02:02 min | 2 years ago

"ira" Discussed on Timesuck with Dan Cummins

"Wartime restrictions may bombing even more difficult the campaign also generated a good deal of anti irish sentiment in england which increased britich public's spin of irish people in general it makes sense uh making sneak attacks even more difficult all these factors lead to the ira attack tapering off around early to mid nineteen forty by mid nineteen forty seven the ira will be down to about two hundred members in total and the 1949 odds 1949 ira convention the ira or is this members to join the political party xinfang which will now become the civilian wing of the ira while shen faint publicly denies association to this day they are still thought to be tied to the ira and have been a long thought to historically been tie very closely to the ira between 1950 wanted 1954 the ira began to a really rearm itself with armed raids on british military bases in northern ireland england steel and guns over the next few years the ira divided into various factions each carrying out occasional rate here a bombing there they also reorganize into a more or less cohesive militaire unified 1950 six planned what would be called operation harvest fighting what they called a border campaign on the twelve th of december nineteen 56 the campaign is launched with simultaneous attacks by around two hundred fifty ira members on targets on the irish north irish border in the middle of the night a bbc relay transmitters bonded dairy a courthouse houses burned end up mahara felt as was a b specials post near newbury and a half built army barracks at enniskillen was blown up a raid on a go a barracks in armagh is attempted as well the ira issued a statement announcing the start of the campaign sane spearheaded by orleans freedom fighters upheaval of carried the fight to the enemy eight of this national liberation struggle new ireland will merge upright and free in the new orleans we shabila contrary feet follow people to leave in that then is our aim at independence united's democratic ours for pollick from this was your fight under until the invaders.

england ira newbury army barracks enniskillen armagh ireland shen bbc
"ira" Discussed on BizTalk Radio

BizTalk Radio

01:37 min | 2 years ago

"ira" Discussed on BizTalk Radio

"A brand new contribution of cash to an ira because you do not have earned income but that does not mean that you cannot take existing ira money and convert it there's a difference between the conversion of existing ira to a roth ira and the contribution of new money to ira world there's a difference there so conversion yes contribution no doubt how old are you or your spouse i'm sixty seven he's seventy two okay so you can do any amount you walk up to the full amount it's just a matter of how much you're willing to pay taxes on your spouse must take their required minimum distribution out and leave it out of the of the ira world and then any amount in excess of that that he wants to do they can convert that even if we don't have an increasing around firing he was just open to create a new one and transfer the money over it's a chat with him can version not a contribution they are correct you cannot contribute unless you're working well i am about conversion well then get a new broker well i might have to okay well thank you so much for the clarity of the job and went to help you will help you out as you wide hold on if you if you'd likes to help with this is probably did i the i'm a little surprised that somebody at one of the big that's a fairly brand new person i wouldn't guests okay so you have two different ways to get money and to a roth ira into a roth.

ira
"ira" Discussed on Radical Personal Finance

Radical Personal Finance

01:35 min | 2 years ago

"ira" Discussed on Radical Personal Finance

"So they're tremendous benefits to this and it's simple you can open a roth ira with just about anybody so i hope these ideas give you an idea how valuable the roth ira is of course you're subject to potential danger of changing tax laws uh can they can the irs and can the us federal government change your tax laws absolutely will they absolutely what are they change it to who knows i dunno but it's a powerful powerful simple tool now back to the original question unfortunately for this retiree they can't really efficiently get the money from their traditional ira and to a roth ira because they don't have wages they don't have wages they can't do a roth yes they could convert it and that's worth considering for the reasons that i described but they should acknowledge the fact that it's not necessarily taxefficient to do that it may be useful but it's not necessarily taxefficient what i would do if i woke up or if i were giving advice to this particular seventy two year old person i wouldn't recommend that they convert the money unnecessarily what i would probably do is i would have them just take those required minimum distributions and if they're going to go for the kids are for the grandkids just write checks to the kids are the grandkids or figure out a way to make sure the kids in the grandkids get uh get income get way have their own wages and then go ahead and make an ira.

ira irs us seventy two year
"ira" Discussed on Radical Personal Finance

Radical Personal Finance

01:43 min | 2 years ago

"ira" Discussed on Radical Personal Finance

"To take it out were they need it or not the government doesn't allow them assessed as stay in the ira into productivity but they can take it out using a chart of calculation chart that goes over their life expectancy the use what the ira's calls their single life expectancy table which means that if somebody is very young they have they possibly have many years at which they can keep the money in the account only take out small amounts this allows an ira or roth ira to be uh to accumulate over time it more and more and more while still staying free of taxes really valuable the challenge of course is winding up at death with assets in the account and this is were roth ira really shines remember that at the age of seventy and a half about seventy you're going to be taking distributions from a traditional ira every year of your life now if you die early great you get to leave behind a big ira but if you died late you're going to have taken a lot of money out of the account whether you needed not not so with a roth ira without roth ira you can keep the money in there and in fact if you have wages as long as you have wages you can continue making contributions to the account so if you're working into your old age like i recommend at seventy and seventy five and eighty and eighty five and ninety ninety five and you're still working in earning wages that he probably should be and probably will want to be in that situation you can you could still fund that roth ira and never have to take the money out you diet age one hundred you can leave that behind to your spouse or you can leave that behind to your children or you could leave it behind your grandchildren now you just imagine for a moment.

ira roth ira
"ira" Discussed on Radical Personal Finance

Radical Personal Finance

02:00 min | 2 years ago

"ira" Discussed on Radical Personal Finance

"Why would they wanna do that we'll talk in a moment the that the most powerful reasons so they can start to build a stretch ira or four right now recognize that this allows him to buy more tax deferral on these roth ira contributions and this can be helpful because they can put the money in at seventy two and seventy three and continue putting in and they never have to take the money out of the roth ira the trick here is that they have to have wages and if they don't have wages than they can't make that contribution to the roth ira in order to contribute money to a roth ira you have to have wages and then fit in under the earning amounts now what i found out in the uh the discussion over this question was at this particular retiree that had our questions here uh this particular retiree doesn't have any wages and so that messes up this plan basically what it means is not going to be a tax efficient way for them to move the money from a traditional ira and to a roth ira they can't convert the money are they can't make contributions to a roth ira if they don't have an appropriate level of wages and that's the problem here now what could they do in order to get the money into a roth ira well they can't do anything with the required minimum distributions they have to take the required minimum distributions out and pay them pay the tax on them now they could convert money from a traditional ira in to a roth ira but that's now going to be a separate calculation from the required minimum minimum distributions they would have to go ahead and and pay the tax on the required minimum distributions and then separately make conversion of the ira traditional ira assets into the roth ira assets and pay the tax on that and now we start to pick up significant amount of tax is that in their best interests.

ira
"ira" Discussed on Radical Personal Finance

Radical Personal Finance

02:05 min | 2 years ago

"ira" Discussed on Radical Personal Finance

"However that's not the whole story one of the benefits of a roth ira is there are no required minimum distributions during the lifetime of the account holder so you can reach the age of seventy or seventy wanner seventy two or eighty or ninety and you can continue to keep those assets in the roth ira you don't have to force them out of the roth ira into the world of taxes for somebody who has other forms of income this can be a very valuable benefit especially if they have substantial amounts of money in the roth ira the longer you can deferred taxes the better and this can be a really powerful tax planning tool which is why it's reasonable for people to consider converting some of their traditional ira assets into roth ira assets and it's wise to do that before you have required minimum distributions because you can give the money in the ira longer which allows it to grow more and to ultimately be worth more the longer you can keep the grubby little hands of the government goons a collect the taxes off of your money the more you'll have the that just like with fees the fewer fees you can have on money all things being equal you'll have more money and so tax efficiency is very important very important when he comes to financial planning now back to the original question this particular client was thought that they had been told by their financial planner that they could convert the money from a traditional ira into a roth ira and that they would only pay taxes on the contributions of the account of the gains would just roll over into the roth ira taxfree now of course that is erroneous now my guess is not that the sea at the cfp probably gave this particular person the right advice but the individual a client of the cfp probably just misheard and misunderstood.

ira