39 Burst results for "Roth"
Fresh update on "roth" discussed on They Walk Among Us
"The trial plan for the start of two thousand eighteen. This episode is sponsored by best. Thing's a mobile gaming experience unlike any other puzzle game out. There is the repetition of daily lockdown in england continues. During my downtime. i've been watching reruns of forensic falls. I must have seen every episode one hundred times and it is certainly a guilty pleasure. Be you know water. I feel exactly zero guilt about how much i love. Playing best things best fiends gives me an endless source of fun. Talk access any time roy. Tone my phone. Taft to lug around a cumbersome come so let free entertainment can be easily carried around in my pocket. Best fiends is a match three puzzle. Game like none other. There were literally thousands of levels to play an counting on currently competing with my friends. And it's fantastic to have something great to share as we count. Meet face to face if you never get todd of solving puzzles. Good news with best fans. The fun never ends plus there are tons of cute characters to collect and you can play best feigns when and way you want. Download best fiends free today on the apple app store or google play. That's friends without the best things. When legal proceedings began against. Georgina wendy hinshaw. The crown argued that she stabbed philip roth to death and she'll was now not denying. She ended his life admitting that she killed him but she felt her actions only amounted to manslaughter and shore off at a guilty plea to a lesser charge now. This was not accepted by the crown and they saw prosecution for mud. According to bbc news the daily mail and the birmingham mail. Philip brophy had reportedly told henschel thirty years his junior t lofta and wanted a physical relationship. He'd been supporting financially and asked her to marry him. Row frequently pudgy. Cigarettes and board han. Shore alcoho- the more whenever. She was behind on her rent payments which was not uncommon. He would cover. Horr- is you'll say gave money so she could refurbish flat. In the philip brophy gave henschel was in the region of three thousand pounds however in the weeks leading up to his death row slowly realized he was being taken advantage of crutchley being.
Fresh update on "roth" discussed on WCBM Programming
"Investor radio and now was floodlight on Mike Annette. As long as that money's safe of securing coming in, Then we can start talking about how we're gonna have extra. What are we gonna do with the extra money? And do we want to maximize the value to the next generation that we wanted? Just whatever's left overs to the next generation funniest conversation I ever had with my older boy. Was 18 years old was sitting around the pool. One day my wife said to him, you know, you know if you start putting money into a Roth Ira right now, Mom and Dad will match you $300 you put in. We'll put $100 in it will match you. And it's a great opportunity. Start putting money away. Now you're not making a whole lot. You're in school, and we could save a lot of money to Roth Ira, and it's gonna be incredible for you for your future, and my son looked at my wife and said, Well, I'm not really worried about that, too. All too much right now. And of course, he's a man. He's not thinking like that. And he said, Besides, when you and dad pass along, I figure I'm gonna inherit all this. And my wife, right? I mean, anything bad about it was just listen to think about it right? Because these 18 What? What is he thinking about? But my wife without even skipping a beat, she said. I don't know that night. Our retirement plan. We are bouncing our last check the day we die. Surprise. Yeah. So it doesn't matter what your legacy plan is right? And some people don't want to die broke some people. I want to leave a big, old specific numbers. Some people I want to leave whatever's left over, but it takes a plan. You just It just doesn't happen. You just don't wind up dead one day and said everything goes to my kids. You know, you want to look at the tax efficiency of it. Is going to be coming from higher raises it going to be coming from Ross. Is it going to be coming from life insurance as they're gonna be coming from after tax dollars? How's the house? Get into them? How are the cars getting to them How our assets being transferred? From us to the next generation. You know all that is part and parcel of having a plan and getting there The day of doesn't make sense and just absolute disaster. Stay tuned for more of a savvy investor radio. Next Wcbm traffic check is sponsored by Merrill. Still some delays on the inner loop. You are beauties between 95 Fredrik owed and between 70 and Liberty Road also delays on the outer loop between 95 in the parent parkway in between Liberty Road and secure. Boulevard. Also watch out for slow going traffic right now traveling on 95 south and approaching the car rest area with an accident on the shoulder Traffic Still very slow from the 100 North Bend slow from 2 16 headed towards route 30 to 97 South found jams up between 3 32 and generals Highway. If Meryl guided investing, you have the option to work with an advisor to low cost a minimum. Get started with Merrill edge. Com slash investing goals Merrill Lynch Pierce Fenner instant incorporated both the registered broker, dealer and investment adviser members s I. P. C on Beth Winters to.
Fresh update on "roth" discussed on WCBM Programming
"Well, it is tax time again, and we're all looking for ways to save one of those is contributing to a Roth IRA. A. But if you learn too much And you still do that? Well, Morningstar's Christine Benz says that you can't still do. What's known has a back door. Roth inversion is basically means that if you earn too much to make a direct Roth IRA contribution, you can still make that traditional IRA contribution. It's not deductible. Then you convert to a Roth IRA get some tax advice here because there are some things you can run into. Specifically, if you have other roll over traditional IRA assets, you want to be careful. The idea of doing that conversion is that you can get some money into a Roth IRA A. Even if you earn too much to make direct Roth IRA contributions any time you can get money in Roth IRAs, whether it's through Contributions. Regular conversions are doing these backdoor Ross. It's a great idea, in my opinion, and that's simply because I think the taxes are going to go up in the future. We know at a bare minimum at the end of 2025 these trump tax cuts. Expire, and we go back to the bush level tax cuts, which is not a huge increase, as far as percentages go, but it does shrink back those income brackets and what Christine is talking about when she's saying You have to be careful because of this, and because of that, what she's talking about his tax planning, and I think the true differences when you're having your taxes done this year. And you're going to see your tax Prepare whether it's one of the big box stores or you're going to see a C P A. Or, you know the person has been doing your taxes for years and years, and you only see this person wants a year. You'll only hear from this person once a year. And you ask them should I do a back door? Roth on their answers. Yeah, sure. That's a good idea. Yes, you can do that. You know, they're not thinking about all the other implications that really kind of go along with this where Christine was talking about. If you have money in another rollover IRA, there's basis issues. There's all kinds of things It kind of go into this where you want to be working with somebody who's a tax planner. That's what Mike and I do for all of our investment clients all of our financial planning classes. We do tax planning a big part of that tax planning. Yes, is tax preparation. It's actually doing the taxes, but it's Mike and I sitting down with our clients, Maura than just this one time a year. We're sitting down in the march to April. The taxis and period we're doing. The taxes were talking about what happens. And then we're saying, OK, here is the plan going forward for the rest of the year in May in June, August October, this is what you need to be doing. And then we're sitting down again in the fall and said, OK, here was your homework here with the things that we wanted to do. Did you do any of those things? No, You didn't. Okay. Now we have some extra time before the end of the year To get these things done. Whether we're doing a certain amount of terrible contributions were using other Tax planning strategies were using Roth I raise were given IRA contributions. You know everything that can kind of go with tax plan strategies. You want to be sitting down with somebody who's meeting with you more. And just once a year. You don't want somebody who's just putting numbers on a page because that is a tax prepare, not a tax planner. Mike and I have been talking for years and years and years about the importance of doing Roth. IRA conversions taking money out of your traditional For one case, your traditional retirement, plans your traditional IRAs and paying the tax on the money now and putting it over into that Roth conversion and what Christine was talking about. Is there's income limitations for contributions, meaning writing a check. To your Roth IRA and putting money in their our income limitations on how much you can put in if you can put any money in it all based upon how much you make, But when it comes to Roth conversions, there is no income limitation and you can make a million dollars a year or you can make $10,000 a year. And you could do these rough conversions. The only limitation really is your tolerance of pain. How much money do you want to pay in taxes every single year, And that's what that tax planning aspect comes into play where Mike and I are adjusting your tax return. We're trying to layer your income. We know how much income you have coming in from working, or if you're already retired. We know how much your pension and your so security are. What we're trying to figure out is if we look at your dividends and interest. We're looking at IRA distributions. We're looking at capital gains any self employment income. We're looking at all these sources of income and figuring out how much money We can add on to your tax return without jumping you up in the next tax bracket. Ah, big part of the retirement planning aspect for Mike and I was trying to figure out okay, You've saved all of this money in your IRA. You've saved all this money in your 41 k or 43 beer TSP over the years. The government owns part of your money because you have to pay tax on that money. Let's try And figure out a way to get as much money as we can out of those traditional plans and pay tax on it now, so that when you are retired, all of the income that's coming out of those plans are tax free. I mean, Mike and I do these Roth conversions on a daily basis with our investment class. It's part of these retirement plans, and it's such a big part. We're getting our clients that would normally be paying anywhere from 20 to 28% taxes. Down to less than 10% taxes. I mean, if you think about it, we have clients. They're making 110 $120,000 a year and paying 3% taxes. It's such a small number and it all it takes is just tax planning. Tax money is a huge part of retirement planning. And if you're working with a financial advisor who's not talking to you about taxes about tax plan, you really need to sit down.
Fresh update on "roth" discussed on The Dave Ramsey Show
"Me at chris hogan three sixty or the ramsey show As well so you got ways you can reach out. And we'd love to hear from him all right. let's talk somebody else will keep it rolling john from tennessee. How are you brother somewhat focus but not finished all right. I'll take that what's on your mind. I need a little Focus help around. So i landed a new job last year and Moved from washington state to loving country of tennessee. Okay and The company through a lot of benefits for this move or they helped sell the house by the house here With my income level as well and all these benefits my combined income ended up putting this up about a quarter of a mill for the year Surprise surprise we were contributing to a loss to the whole time so my investment professional and said we had to pull those funds out of the roth and send it back to you because we can't make those contributions because i made too much money apparently last year to do the raw. Well now the question is is since they pulled all those funds and send them back to me Where do we put it. Well here's the thing you could have done all they had to do utilize it and do what's called a backdoor roth. Were you. Open up the traditional. Yeah go ahead and pay the taxes on it converting it back over I already have a ira. that's open. I already have a traditional one right absolutely so but you have a he. It's go ahead the way he explained it to me was we would have to Bigger out exactly the percentages and everything else that'd be able to roll it out of the the Traditional right to put it into the back door roth and It got to the point where we're like. We're really confused on. How do we do if. I have an existing. Ira okay so it's two separate things. My friend You need to reach out with a smartvestor pro a go over to to to daveramsey dot com And we're going to get you connected with a smartvestor pro your traditional ira that you already had open. That's fine that one is there. What i'm saying is is the money you putting in for the roth that they're now paying income level. You can't do. You can do a back door. Roth which means you're opening up a nother traditional ira and going ahead and paying the taxes on it which converts it to a roth. So you you guys you still have options buddy We gotta get you at sunday can walk you through this and show you the process. Higher income earners Y you know if you're making over one hundred and fifty thousand or over two hundred thousand if you're married you still have opportunities to use investment tools and it's so important to get with the right people john so thank you for calling in Go over to daveramsey dot com. We're gonna get you connected with one of our smartvestor pros That'll be able to walk you and guide you through this. You know the the crazy thing is as your income increases. So does the government's hand in your wallet. It's called taxes. I'm still searching for vica to this day. I don't i don't like them. I don't like them but we gotta deal with it and we got to be on the ball and make sure things already and speaking of this. It's time for taxes my friends we got to get these things situated And i know you got a lot of irons in the fire. You got a lot of life happening but what you don't want to do is put this off so if you're taxes aren't complicated you can file online. We've got a thing called ramsey smart tax. So.
U.S. Cyber Weapons Were Leaked — And Are Now Being Used Against Us, Reporter Says
"The precipice of cyber catastrophe and everything is vulnerable, including our government. Our nuclear power plants. Elections power grid. Hospitals and our cell phones. How we went from having the world's strongest cyber arsenal to becoming so vulnerable to cyber attack is the subject of my guest. Nicole Pearl Roth New book. This is how they tell me. The world ends the cyber weapons arms race. She's a cyber security reporter from The New York Times who has broken many stories. Her book describes how U. S cyber weapons were hacked and used against US. In ways we were unprepared for Lately, she's been covering the latest massive cyber breach in which an adversary assumed to be Russia hacked into federal agencies, private corporations and the U. S infrastructure. Attack was launched in 2019 and went undetected until the fall and what was described in her reporting as among the greatest intelligence failures of modern times. Corporal Roth. Welcome to fresh air. Let's start with the recent massive data breach that was discovered in the fall that is still being investigated, described the extent of it. Well, The biggest problem is, we really don't know the extent of it. We know that it came in through software that's used by some 18,000 agencies. Corporations on guy that actually, they did not hack all 18,000. They sort of picked and chose their targets. But in the United States so far, what we know is That this thing has hit the Department of Homeland Security, the very agency charged with keeping a safe the Treasury, the State Department, the Justice Department, the Department of Energy, some of the nuclear labs, the Centers for Disease Control, and the problem is that they were inside these systems for so long. That the chances are very likely, if not guaranteed that they planted back doors. And so it right now we're just understanding that they were inside for this long. We're still trying to figure out where those back doors are. And that could take months. If not years to get to the bottom of for listeners not familiar with the term backdoors. What are they? Backdoors. They're just code that in this case, we assume Russian hackers planted that just allow them a foothold to come back at another time, and they can be in the network. They could be stealing an administrator's password. They could have planted code in software and another application that lets them come in at a later date. They may have had black start. Which is the program for how the U. S plans to restore power in the event of a catastrophic blackout. So that means if they did hack that that if Russia causes a black and they could also prevent us from restoring the power grid. Um, I don't have that right? Yes. Oh, Originally, when this hack was discovered, one of the bright spots was that they believed that the hackers had not made their way into classified systems. But what I kept hearing from security researchers and people who worked at these agencies was just how much vulnerable data was in outside these classified systems, and one of those things was black starts. So black starts just a very technical document that it's essentially a to do list if we were able to have a major power failure, it says. You know, we're going to go turn on the power here first. Then we're gonna move out over here and do this. And with that document in hand, that could be very valuable for an adversary because it would essentially give them the perfect hit list to make sure that the power stayed off. This story that you're describing about how many places were hacked by by Russia? Um, this is very dangerous. This is this'll leaves us really vulnerable. It shows how vulnerable we are, and they could have done so much more. The story's been reported. You've been reporting on it. Should we be a lot more upset and worried than we are as a nation? Well, one of the things that people have said to sort of caveat the extent of this breaches. Well, you know, this was designed for espionage. It really looks like they were after emails and documents. They weren't looking to exact some kind of sabotage. The problem with that argument is they can use the same exact access they have right now for other purposes, and they have done that again. And Ukraine. Ukraine has sort of been Russian hackers test kitchen for a lot of these attacks. And you know the last time they pulled off a similar attack to this, where they came in through legitimate software. They used it to pull off an attack that essentially decimated all of the data in Ukraine on government networks, but also kept people from taking money out of 80 ends kept people from going to gas stations kept shipments. I'm from reaching their recipients kept paychecks from getting to their recipients and even at one point got into Chernobyl, Theo old nuclear sites radiation monitoring system, So we know what they're capable of with this kind of access. And that is the worst case scenario, but
Hacker attempted to poison water supply of Florida city
"On friday afternoon somebody tempered with the drinking water in the city of oldsmar florida Before the water leaves the oldsmar treatment facility. They've got a town water treatment facility before it leaves their inflows into people's taps certain chemicals and additives get added to drinking water to make it safe for people to drink and at one thirty pm on this past friday. An employee at the oldsmar water treatment. Plant notice that the cursor on his computer screen it started moving around on its own the cursor pulled up the control for chemical called sodium hydroxide. So i'm hydroxide is better known by the common name lie l. y. Lies used to help regulate the acidity of the drinking water. It's added to potable water and very small amounts to regulate the ph of the water but in high doses live course can be dangerous profoundly so it's the same chemical that used in liquid drain cleaners typically oldsmar ads lie into its water in the amount of one hundred parts per million or less but on friday morning that water treatment employees watched that phantom cursor move the controls in the water treatment software to increase the amount of li- added into old mars water from less than one hundred parts per million to over eleven thousand parts per million. It was obvious to this employee right away that his computer was being hacked he immediately took control of the machine Undid what the hacker had just done before the water could be significantly contaminated today the county sheriff announced that the water treatment facility on friday was unlawfully hacked. He said the fbi and the us secret service are now involved in an ongoing investigation as of now there are known suspects. It's unknown whether the hacker was located overseas or here in the united states city officials made it clear today that even if that water treatment employee hadn't been so attentive on friday and hadn't seen the hack happen in real time it's still would've taken at least a full day before that contaminated water hit people's taps they say there are other safeguards in place that would have detected the strong change the contamination of water way before then. So they're saying that this kind of attack on the city's water supply would have been caught some other way if it wasn't caught the way that it was which i guess is comforting in a sense but until you know more about this hack including how hard it was to pull off it really does raise all sorts of questions about how secure all of those safeguards really were. If you could hack the computer that added the lives of the water. Could you have hacked the alarms that are supposed to alert people that the ph is wrong in the water as it's getting to people's taps an attack on our critical infrastructure on our electricity on our hospitals and the water we drink. That is the nightmare scenario for cyber warfare leading leaving the conceptual realm that most of us don't get into the terrorism realm that a lot of us think about all the time. That nightmare has never been fully realized in this country but in oldsmar florida on friday we got one big step closer nicole. Pro roth is a cybersecurity reporter for the new york times. she's really really good. She has reported on critical infrastructure attacks. All over the world This is what she had to say tonight. After hearing the news out of oldsmar she says quote. I always put water treatment plants. I in my stories in my lineup of remotely hackel infrastructure. Because this is the attack scenario that freaked me out the most to date. These attacks have been near misses yet. We continue to see determined hackers poking and probing these systems warned of cyber pearl harbor bombs but water. Contamination is a silent though no less deadly
Celtics' Marcus Smart only has Grade 1 calf strain
"As good news is, they could've possibly hoped for with Marcus Smart M R. I reportedly saying today a grade one calf strain as smart will miss about a week or two now. Luckily, the Celtics able to avoid any long term issue is injuries of mountain all season. Most of the Lakers was just the second time their entire starting five was together. This year was the Celtics Roth today five Game road trip out West that begins Tuesday night with Warriors for the
Millions of Americans Don't Think Biden Won the Election
"Course people are going to getting prepared for the inauguration of someone that millions of americans. Don't think actually won the election. which is problematic. Is it fair to say that. that's problematic. Is it fair to say that we can say that it's problematic and then be demonized thing that it's problematic. This is where we are in america because my parents have seen communism upfront raised me. I write about this in my upcoming book. Fish out of water. That's coming up in In two weeks or less. Actually it's coming out in vicente water. A search for the meaning of life talk about being raised by parents in the shadow of world war. Two all of their memories of growing up of my mother and father lost their fathers when they were ten years old. My dad did my mom. Did they grew up during the war. They saw communism up close They saw the evil of communism a closer. They raised me differently than most americans were raised. And i noticed this growing up when we moved to danbury connecticut. When i was nine we i noticed that all these american kids that i went to public school with because before that i was in a parochial school greek orthodox school where all the greek kids there was a similar sense of the evil Whether the ottoman turks Oppressing degree for four hundred years or whether it was the communist The civil war with the communists right after world war two they all had a sense of evil of communism and that there's evil in the world that we had to be vigilant about america and liberty. And when i moved to danbury connecticut which i write about in fish out of water i noticed that the the kids that had american parents. They didn't have a sense of this. And i kind of think that's kind of where we are why we are where we are now because many americans just don't realize how bad it can get. They've never experienced it now. If you grew up in cuba or your parents grew up in cuba or you came from the soviet union You you know how evil communism is and so. It's one of the reasons that i've gone out on a limb. Some people think perhaps rectal recklessly. But i think when you're facing the possibility of marxism whether it's cultural marxism cancel culture. That's of course how it starts. You have to be vigilant. This is really really. It's not worth hanging back This is this is very very dark stuff so it's one of the reasons that i've been so outspoken. Because i've lived this through my parents. I know what is possible. I know that things don't always turn out. Well
Taking Advantage of Mr. Bear by JL Collins on Tax Avoidance Investment Strategies
"I decided it was time to cuddle up to mr bear and let him help me. Avoid some capital gains taxes as regular readers. Here no for the past few years. We have been homeless and nomadic. It's a lifestyle that agrees with us and when we'd like to keep doing for some time however at some point age will force us to settle down. The trick is deciding when that is act too soon and we miss out on xtra wandering wait too long and i might not have the energy left to easily make the transition but sometime in the next five years. There's a better than even chance that will be buying a final years house to that end we've had money growing. In a taxable account invested in of course vitae ax as i track this against the eventual sale to fund the house. I realized that we be on the hook. For a twenty percent capital gains tax until at least this new market selloff suddenly that capital gain was disappearing indeed with an eight percent drop today it would be completely gone so with the market down about six point. Three or four percent figuring that we'd be close enough. I put in the cell order and moved from visa x to our money market fund conveniently by the market's close. It was down seven point six percent almost exactly when i need it. Good luck so with this sale. I now have the capital freely available and will oh little to no capital gains tax at the same time then sold an equivalent amount of e b t lx bonds and bought v tsa stocks in an ira. Because this was done in an ira. There's no tax consequence. The net effect is that i have moved bonds from the ira and stocks into it again. While freeing up money for the purchase with no capital gains tax to be paid at the end of the day our asset allocation remains the same. This is not a bet that the market has bottomed cuna. Wouldn't you have been better off if the market had continued to rise even if you had to pay the capital gains tax of course but as i learned playing poker. You play the cards. You're dealt not the ones you wish you had. If i had a crystal ball i would have sold before the drop and happily pay the tax. But i didn't. This market declines simply offered an opportunity. And i took it. I prefer the market. Never went down. And i always could sell it again. The market doesn't care about my preferences. Why not wait to see. If the market drops further that way you not only avoid the capital gain but gets a harvest to capitol lost. I want to preserve as much capital as possible for the future purpose. Selling break even is the sweet spot for this gambit. Doesn't this run afoul of the irs. Wash sale rules my thanks to the several readers who raises question and especially to john are who suggested i added here. This was my reply to james. The first who raises question wash sales apply to selling at a loss from the article. You linked to quote loss from wash sales of stock or securities. This ruling provides that if an individual cells stock or securities for a loss and causes his or her ira or roth ira to purchase substantially identical stock or securities within a specified period the loss on the sale of the stock or securities is disallowed under the section ten ninety one of the and the individuals basis. In the ira or roth ira is not increased by virtue of section ten ninety one d end quote in my case the objective was to sell at break even with neither. A loss oregon. Because life isn't perfect. There will likely be a small gain or loss when the dust settles. But it'll be too small to worry about. Why did you move into a money. Market fund rather than bonds with v bt lx mostly because it was easier. And i wanted to get the order in before the market closed i might move into bonds later. Wait but are in bonds. Best held in an ira ordinarily. Yes but remember. This was done to free up capital from stocks for potential future spending money you intend to spend in the next five years or so is best held in cash which is a money market fund is or boss planning any further moves as noted in the addendum to my last post when the market was down about fifteen percent on february twenty eighth. I moved some v. b. t. l. x. to v. Tsa ex if the market continues to drop. I'll do more of that. Taking advantage of drops like this are what bonds or four. Isn't this scary. No wrestling grizzly bear in your garden is scary but this time is different right. Nope every market drop feels like this. Time is different some day. If it truly is nothing will matter. Least of all how. You're invested example 1963 brink of nuclear war between the ussr and the usa a truly civilization ending possibility. Great time to buy no war market goes up. War market doesn't matter.
"roth" Discussed on BiggerPockets Money Podcast
"Ira and variants of that. That i think you are the the master of the the mad scientist behind the operations of is that is that a fair summary and then if you agree with that could we maybe launch into some very basic definitions one. Oh one for people who are brand new to the concept of retirement accounts in general. Yeah sounds great Absolutely that let's do it. Okay so i posted this question. Or i made an announcement that we were bringing on a roth. Ira backdoor roth rock conversion ladder expert to the show and people asked some questions lane. Said i'd love to start simple. Like very simple the definitions and difference and then what is beneficial for people at different parts of the journey getting out of debt but wanting to start simple early building wealth without debt. An older but debt free and has less time before retirement. Let's go back to the very beginning of her question. What is a roth ira. And how is that different from a traditional ira area. The big difference between the two is just how their tax so there's things traditional 401k's in four one ks and there's traditional iras and roth so anytime you see the word traditional or roth just how it's tax so for a traditional ira or 401k. It's tax deferred so you don't pay tax upfront. It then is allowed to grow in the account tax free and then when you withdraw it you pay tax on it and you pay your tax that normal income tax rates because just deferring that tax until later in your career or into your retirement. So that's how the traditional taxed it's tax free tax deferred going in tax deferred growth. And then it's taxed on the way out whereas a roth is already taxed up front so you pay tax on the money before you put it in so then it's allowed to grow tax free and you can withdraw at tax free because you paid the tax way back in the beginning and it's a little confusing just because the way it works with the traditional 401k's in ira's is because usually you do pay the tax upfront. Just two out of your paycheck as normal. But then you get that back as a as a deduction when you file your taxes But effectively it just means tax free going in tax deferred growth and then tax coming out. So that's the big. That's that's all. The difference really is between traditional and raw of the one of the things that if you wanna simplify this or you want you want another way of of of thinking about that. Suppose that i earn a very low amount of money today. I'm thirty thirty five thousand dollars. That's a very low tax bracket. I in the absence of a lot of mad scientists magic around retirement account planning and those kinds of things. I have two choices..
"roth" Discussed on Money Girl's Quick and Dirty Tips for a Richer Life
"You can keep an existing roth. Ira but you just can't make any new contributions. Now know that if you have a roth at work. Maybe you've got a roth for a one k. Or a roth for oh three be those do not have income limits to qualify unlike a roth. Ira you can max out these accounts every year. No matter how much you earn so remember that the roth. Ira is very unique in the fact that it has an income limit on how much you can earn in order to qualify so. Now let's talk about a back door roth. Ira not a type of retirement account. It's just a method for high earners to fund a roth. Ira even when they don't qualify for regular contributions so again. If your income is below these annual roth ira threshold limits. That i just mentioned you. Don't need a back door roth because you can make regular front door contributions but when you earn too much to qualify. This is a strategy so in order for this strategy to work i. You've got to have a traditional i. r. a. setup and you've got to make a non deductible contribution so let me explain typically with a traditional ira. You're making tax deductible contributions you get to skip the tax on the contribution that you put in but in addition to that you can also make non-deductible taxable contributions to a traditional ira and interestingly the irs allows you to convert non deductible ira contributions to a roth ira. Which is the whole back door concept. This is a clever and legitimate way to move money into a roth. Ira even if you earn too much to qualify for one so to create a backdoor roth ira. You must make a non-deductible which is a taxable contribution to a traditional ira and you've also got a file a form. It's irs form eight six zero six non deductible ira so this is a form that allows the government to keep up with what you're doing here so once you have made that non-deductible contribution to a traditional ira and filed this form. Eight six six. You can roll over those funds into a roth. Ira and you won't owe any taxes. Except on any investment growth in the account. That's earned between the time of your contribution to that traditional ira and the roth conversion and so if it was a short period you know week or two or a month your earnings and the resulting tax should be pretty small. But once you're funds are in a roth ira. The earnings can grow and be withdrawn tax free in retirement. That's kind of the benefit of moving it into a roth. Ira and as i mentioned. There's no income limit for traditional. Ira contributions only four roth. Ira contributions so converting contributions from a traditional ira to a roth. Ira allows anyone regardless of income to fund a roth ira.
Are You Ready to Make Financial Progress in 2021?
"This article runs through the twelve steps to get you financially. Ready for twenty twenty one. Obviously i can't go through twelve but you. Vip's are studious. You guys are on the ball and we'll make sure we have the lincoln. There's you can go read the rest of them. But i'm gonna pick out five. Let's take a look at number. One is review your goals the of years a great time to pause and look over your current financial goals just to see where you are with your progress I know this year was tough. But we're not gonna let it stand in the way of us moving forward with our money. So let's look at this get intentional. I've got the network calculator that you're gonna get over to my website And really figure out kind of where you are. How did this year in and again. I know this year was a challenge And this year has continued to be a challenge for a lot of people. But we still need to know where we stand The next one is update your budget. Obviously you know if you don't have one this is a good time to make one Do an audit of your budget kind of take a look. Are there some things that you could cut or scale back memberships. You don't use Do you have leftover money at the end of the month where you're redirecting that So there's a lotta things we can do and again as we start off the year on the good foot We wanna make sure we're being more intentional than ever Another thing end of year. Max out your 401k. If you haven't hit your full fifteen percent yet or you've got extra to invest you can make sure you get that done before december thirty first And remember you have until april to make contributions towards your ira a roth ira as well jay as hsa. We've got some time. So what does that mean for. A lotta people reach out to a smartvestor pro Make sure you're talking to your tax professional and he lp You've got people you want to get in your corner just to start reaching out. Especially for you self-employed. vip's For you you know. Tax time is a is a lot more paperwork in a lot of details grab up. Let's start getting that stuff. Gathered up right. Now you can get that in the hands of your cpa and the your make him or her's life a lot smoother as well as your own Speaking of find your tax return And again this sound can be can sound crazy. But it's just good to make a list of the things you're going to need get that prior year's return began to just details And talk about you know for some of you does a roth. Conversion makes sense. And what i mean by that real quick to not get into the weeds if you had an old 401k That's out there. You could convert that by paying the taxes on it to a roth Again it's a process of understanding the tax consequences having the cash first and foremost and being able to take care of that. So your smartvestor pro as well as your taxi. Lp can guide you in that Will entrust review your I know those things. Don't sound like fine. But i'm gonna tell you something after twenty twenty it's imperative that we have those things in place Really really important And also let me let me tell you this real quick It's important to make sure that you have beneficiaries updated. And i mean that in your life insurance i mean that in your 401k Because hear me the beneficiary designation 401k or on a life insurance policy will supersede meaning it outweighs anything in a will so the beneficiaries that you've established on a 401k. Four five ten years ago. You need to make sure you've got that updated especially if you've had a change of life if you were married If you got divorced if you adopted a cat or had another baby you just wanna make sure. Those are updated So beneficiaries on life insurance on ira's on 401k's these things are imperative. And do me a favor reach out to your parents To make sure that they've got there's updated as well a lot of times people. Sit and forget it with these things and it can just create some headache and heartache. Later a your estate plan needs to reflect those changes And if you don't have a will do get that thing in place It's imperative Some staggering statistic out there. That almost seventy seventy five percent of people don't have a will which means we leave the government in charge of your stuff Did you hear me say that. Yeah you leave the government in charge of your stuff I the government. Can't take the government's i know they will take care of my stuff So anyway let's get a will place But anyway you know we're twenty twenty one. Start off with the right checklist. Make sure we got things in place so we're able to grow forward interesting article again. They're twelve things. We covered five. You can go over to forbes dot com as always. We'll put a link to
Using Humor to Prevent Suicide with Frank King
"Nama stay and welcome to live love engage. I am gloria grace rand and today on her show. I am delighted to have An awesome percent who gentleman who is got a lot of unique experience Including being comedian who also talks about a subject that what you wouldn't necessarily find funny but he has found a way to be able to help people out with that so First off. I want to welcome to live. Love engage frank king and for those of you watching on youtube. He was waving and smiling. But let me tell you a little bit about this gentleman. He is a suicide prevention speaker and trainer. Who also was a writer for the tonight show for twenty years and Depression and suicide actually run in his family. And he's You know had to deal with that. We'll talk a little bit more about that but having to do with Depression and wind to to kill himself but on the other hand he was able to turn that long. Dark journey of the soul into five. Ted talks that's quite amazing in and of itself that they haven't won yet so kudos to you and not only that he's really. He's a motivational public speaker. Who uses his life lessons to start the conversation to give people permission to give voice to their feelings and experiences surrounding depression and suicide and that is so important right. Now because as we're recording at the end of september twenty twenty and i was actually just doing some research on this yesterday that because of the pandemic that a as of at least late june there's been some research done that forty percent of. Us adults reported that they were struggling with mental health or substance abuse. So i think This is a time where really i think. People are struggling. So it's great that you're able to use humor and to be able to help people so let's maybe start from the beginning a little bit and just talk a little bit about your own journey. And how did you get started in comedy where all i was in fourth grade joke and students laughed and more importantly the teacher was hysterical. And i thought. I'm going to be a comedian. Twelfth grade. the talent show nobody'd ever done stand up at the senior town. Joe before clinton seventy five. I did stand up. i want. I went home. Told my mumble. I'm going to be a comedian. If she goes son you go into college. Do whatever you like when you're done you can be a goat herder for all i care but you must going to be a goat herder with a college degree Chapel hill actually be a. It'd be asked. And then mode san diego with my high school and college sweetheart where we got married and big mistake. Because he's a wonderful woman but we absolutely nothing in common. They say opposites attract. She wouldn't pregnant. I wasn't so we never had children. And just by chance in san diego there was a branch of the roth has comedy store on sunset in los angeles. Every time i drove by that place fell this magnetic pole. My i was not a big fan of comedy especially not a big fan of bb coming on comedian. Well she married an insurance guy. Got a comedian. Kind of matrimonial. Bayton switch so. I had to sneak out most gas. Nick huggers bars. I sneak out open mic comedy store. And then i got a job seating. Greetings could watch the become ex-professional comedians. In back them. Jim carey was headlined. Just doing impressions Andrew dice clay ellen degeneres. Rosie o'donnell appall poundstone. Dennis miller and so i watched and soaked in the best comedy available. And let's see. I got about sage first time days before april fools day. I five minutes irvine last night. I heard inside my head. I'm home. I'm gonna do for living absolutely no idea how your leg her and actually book myself on the road. Ten weeks it was kind of the beginning of the big comedy club. Boom from eighty five to ninety five. And i said to my girlfriend now my wife of thirty three years. I'm going to be a standup comedian. Especially you wanna come along and disbanding. Course she'd go no she goes. Yeah so we got. Our jobs gave our part but everything. We couldn't fit environmental dodge colt into storage. And we're on the road. She and i for two thousand six hundred twenty nine nights in a row nonstop seven years. James came off the road to oregon radio meld hometown of raleigh north carolina. Where i took a number one morning show in droves number six eighteen months only drove it in the ground road miller and by the found that was over the comedy club scene was beginning to wane. I always been very clean as a comedian. So i made the jump to the corporate comedy circuit the after dinner after lunch rubber chickens and made a great living doing that about ten years until the recession
The Energy Sector in 2020 and Beyond
"Full answers. I'm also southwick. And i'm joined by robert. Brough ho ho bro. Camp personal finance expert here at the motley fool. That didn't work out at all seasons. Greetings to you all in this week's episode. It's part three of our year end. Investing series with the help of industry focuses nick cycle. We're gonna dig into the energy sector yet. It puns all that and more on this week's episode of multiple answers bro. What's up well also by the laws of personal finance multimedia. I am obliged at this time of year to offer a few year end financial planning tips. So i'm going to say you heard every year a there are a few that are unique to twenty twenty and boy. It's been a unique year so here are some ways to make the most of this interesting year. I have five number one. Max out employer's sponsored account so actually have until april fifteenth of next year to make twenty twenty contribution to an ira but the deadline for make for most employer sponsored accounts like 401k's and four. Three bs is december thirty first. So if you haven't yet maxed out the account if you have a little money lying around you still have a little bit of time. But you generally can't wait until the last day of the month for most employers you have to change your rate of contribution a few days before the final payroll of the year just an example the motley fool. If you want to max out your account this year you have until december tenth before four pm to do it but of course your job will be different so talked your hr department the bottom line here. Is that most 401k. Plans or at least many. Don't actually allow you. Just send a check you have to do it through the payroll just as a reminder of the contribution limits in two thousand twenty for most employer sponsored retirement accounts it's nineteen thousand five hundred with an additional sixty five hundred fifty or older by december. Thirty first for ira's six thousand dollars with an additional one thousand for the fifty in better crowd and those limits are not changing and twenty twenty one or staying the same that said income thresholds and being able to contribute to a roth or whether your contributions to a traditional ira deductible those will change so check those out if you're going to contribute to an ira twenty one number to make a corona virus related distribution from your employer account if possible so thanks to the cares act that was passed in march employers who have experienced certain health or financial related hardships due to the coronavirus can withdraw up to one hundred thousand dollars combined from their retirement accounts. Avoid the ten percent early distribution penalty. If they're not yet fifty nine half though you still taxes the good news is you have up to three years to return the money and it doesn't have to go back into the account from which it came. We've mentioned this a few times this year. This actually provides an opportunity for people who are in mediocre or worse employer plans to move the money to an ira however this option is only possible. this year in the deadline is actually december thirtieth. Not thirty first. So if you're intrigued. Sure to visit the irs website to make sure that you fit the criteria for making one of these rotavirus related distributions number three convert traditional to roth assets so you have to december thirty first to do a conversion for this year. This year is a particularly good one to consider a roth. Tax rates are historically low and income has dropped for many americans course you pay taxes on the convert amounts but then the money grows tax. Free as long as you follow. The rules of this is also a good year for americans over the age of seventy. Who want to do convergence. Normally you have to take your required minimum distribution from a traditional account first and then do the conversion no conversions do not count towards the required minimum distribution. But all our. Md's have been suspended for this year. So you can convert at will just remember that ever since the tax overhaul that passed in two thousand seventeen conversions could can no longer be undone by something known as a re characterization so only do a conversion if you're sure that it makes sense number four spend money remaining in flexible spending accounts depending on your employer's plan you have until december thirty first to spend the money in a dependent care or medical flexible spending plan. Some plans do have different deadlines some allow for extended grace period's up to maybe march fifteenth and for the medical account. Some plans allow you to roll up to five hundred and fifty dollars to two thousand twenty one. That's up from last year's five hundred dollar carryover amount also thanks to the cares act. The items that qualify for your medical flexible spending account have been greatly expanded visit. Fsa store dot com to see what's eligible and again reach out to your hr department to find out the deadlines for your plan and finally number. Five deduct charitable cash contributions. once again. Thanks to the cares act. Taxpayers can deduct up to three hundred dollars in cash contributions to call charities without having to itemize their tax returns. Make sure you visit the website for more info and it also has a searchable database to find which which organizations qualify
The Apollo Library for GraphQL
"For folks that don't know anything about this. What is apollo. how does it fit with roth. Qu'ils can you give a brief overview of that. i can take that question So how doing oscar. Much since the beginning and we have open source implementation of logically. Things are off curiel. Stacks maybe i should say oh god stop would be good. Oh so rescue allies I like to think of it as a rest on steroids. So it's a way to communicate with your back. End of that allows client to query specific fields as a need so unlike at traditional rest. Api you query. Jesus and you have off seems so some of the things you might want and some of the things you might not use we've got you l. You can clearly hea- quest only the shells and that as to unit so it's It's a nicer bathroom. Mincy women and its way to model your your data your back Which moves a lot of patients between kids and and on top of that. The nice thing we ask you this. What's a started. What made me love got you all is that it's a completely totally tight. It's actually. It has some similarities with coach because it has features such as a note safety and all types. It's it's a computer type system. So i think it's a very good candidate are good companion to have a when writing quran. So it complements kotla nicely basically right. Yeah there's a to walk city well together because of the same concept and being able to have type safety from your beckoned to your funded is a super useful and as a korean developers are really okay so now tell us about apollo. Where does this sit up. And the way it is Actual clients for and Also falls a jvm and for coaching. They took that later. So it's named envoy because this is where most of us use it so issue haven't annoyed that and you have acura beckham apollo android Will generate models typeset models. That mucho back. So in a very high level it's a adultery gins that generate some code and sauce. Feis that you can later use with a one timer is at two does fascinating and also all kinds of things like jerry quest gushing so essentially you give it an end point and then it generates everything needed to talk to that endpoint right. Yeah give it an an point and customer fight so you would you fight your language. So you'll give goth terrell. find your. give us chemo. Defines orders types in your back end and that put the models for that
Several NFL teams dealing with positive COVID-19 tests
"Also continues to impact the NFL Bills corner. Josh Norman testing positive. Every other Buffalo players including Tyler, Kroft, Levi Wallace and Demarte lower in close contact to Norman and won't travel to face the Cardinals. Ben Roth was Burger activated from the Steelers Covert 19 list. Roethlisberger expected to play tomorrow at home against the Bangles, However, Cincinnati running back Joe Mixon out with a foot injury. 40 Niners wide receiver Depot. Samuel won't plan the road against the states because of a hamstring issue. There's running back David Montgomery out against the Vikings with concussion. I'm Seth Cantor, This
"roth" Discussed on Motley Fool Answers
"Saving more in scenario one leads to a bigger account and scenarios to three had communicated the same amounts because they're saving this amount but those are before tax amounts who comes out ahead in retirement after the money is withdrawn and possibly taxed. Here's which scenario takes the gold silver or bronze based on three different tax brackets. So number one. A twelve percent tax bracket and retirement so the person was in the twenty four percent tax bracket while working drops to the twelve percent. When she retires the winner is scenario one the investor who saved and traditional invested taxations. Next is the roth and the last is scenario to the traditional account but the tax savings weren't saved so someone who will drop into a lower tax bracket in retirement benefits from contributing to a traditional account but only if she invests the tax savings now who comes out ahead if tyree ends up in the same tax bracket according to the calculator i use. It's actually the roth and this may be surprising. You might think that is essentially a break even proposition at a couple of the calculators. I used came to that conclusion but most of the ones. I filled with favourite. The roth plus. The roth has an additional benefit roth. Ira's are not subject to required minimum distributions. At age seventy two raw 401k's are subject are md's but you can avoid them by rolling the money over to roth ira with some caveats that will touch on later and finally what if a person will be an higher tax bracket in retirement. The roth wins hands down the loser in each of these retirement tax brackets The person who contributed to the traditional account but didn't invest the tax savings. Okay let's get into conversions in some caveats so another way to build up the amount you have in roth. Assets is by converting money. You currently have in traditional accounts to roth assets however the amount that you convert will be added to your taxable income this year which will result in a higher tax bill and the math for this is somewhat similar if someone is in a twenty four percent tax bracket and they're considering ten thousand dollar conversion the now the analysis would involve the future after tax value of twelve thousand dollars four hundred growing without the conversion versus ten thousand growing after the conversion the twelve hunt twenty four hundred dollar difference being lost taxes owed due to the conversion.
"roth" Discussed on Motley Fool Answers
"It also made traditional. Ira is available to everyone. Now bill roth was a fiscal conservative. Who grew up in montana during the depression. He became interested in politics because he wasn't an athletic kid so he would like to the capitol to watch legislators in action. He served on macarthur's staff during world war two and then went to harvard. Business school and law school the help of the gi bill moved to delaware in nineteen fifty four and got elected to congress in one thousand nine hundred sixty six kind of a mild mannered. Guy actually wasn't the greatest of public speakers but he always campaigned with a dog. He said you stand out with a saint bernard and the kids come over. They wanna pet the dog and it gives you an opportunity to talk to the parents. Encouraging americans to save it was one of his legislative priorities along with senator. Bob packwood first proposed the roth. Ira known then as the ira plus in one thousand nine hundred nine. But it wasn't until the taxpayer relief act of nineteen ninety seven that it became law. The roth was republican. It was actually a democrats idea to name the ira after him. Tap moynahan the senator from new york said quote. This is bill. Ross idea we ought to call it the roth. Ira unfortunately for him. The creation of the roth ira didn't prevent him from getting voted out of office in two thousand and he died in two thousand and three three years before the roth four one k. Became available president elect joe biden who served with Bill roth in the senate for twenty eight years said that roth was quote the person i trusted most in my public life by the way ross wife. Jane is a harvard educated lawyer and accomplish judge who was inducted into the hall of fame of delaware women in two thousand thirteen at the age of eighty. Five she's still sits on the bench. She wants said quote when i hear roth. Ira i think my grandson who was born about the same time as the roth. Ira became law. I told my son. He should've named myra but he went with. Charlie which is probably for the best. But every time i see him i think of the roth. Ira okay. That's all the history. Let's get into witch type of a cow. You should choose with.
New York City to begin counting mail-in ballots today with several races at stake
"Here in its New York intense City is set wind to begin and counting rain and more flooding than half to a Boynton million Beach, mail in Florida ballots that'll Tropical start today, Storm votes warnings that could are up in Miami, Really Fort not Myers, affect the presidential Fort Lauderdale, race in West any way, Palm but it and could swing Naples. some Here's local National races in Weather the state Assembly Service as forecast well. The deadline for David for the states Roth, local who board says of Elections the storm received could these strengthen absentee over ballots the Gulf is expected is tomorrow, to meet so they're going to get In the a proximity head start on that of today. the keys ISA Friday. through The number Monday of melon morning. votes received by each It's borough, gonna drift for example, westward, was 200,000 Um in Manhattan about 160,000, Tuesday, queens, but it's never just going over to get 100,000 terribly in far Brooklyn, away about from 52,000 Florida. Bronson. For now. Storm Just over 31,000, surge warnings were still up Staten in Island. the keys, Now the total where they is about are bracing half the for 1.1 a foot of rain. million Miami absentee Dade ballots where requested ADA could spawn by residents. tornadoes Local has races. closed. Schools, Still bridges, not called. air lock You include down. the one in ADA killed at least Staten 38 Island, Brooklyn, people with the call in Malia Honduras, Takis and where Max some 1.8 Rose. Even though million Malia people Takis nationwide has about a 15% are affected point by advantage. the storm. Rose still Ah, has not veteran conceded Mt. these A additional worker numbers has been found should dead tell the on story. the job. 55 I'm Glenn
Amid pandemic, hospitals warned of 'credible' and 'imminent' cyberthreat
"Beyond this number of hospitals that have been hit with this cyberattack thus far, Nicole pro. Roth reporting at the New, York Times that the hackers behind these attackers who are believed to be based in Moscow and Saint Petersburg Russia these hackers quote have been trading a list of more than four hundred US hospitals they plan to target. And if this is causing you to get a little pit in your stomach, you are not alone cybersecurity. People are kind of freaking out about this. Here's from the Associated Press to really good roundup on this today. Co The offensive by a Russian speaking, criminal gang coincides with the US presidential election although there is no immediate indication, they were motivated by anything but profit. Charles Carmichael Chief Technical Officer of Cybersecurity Firm. Mandat said in a statement quote we are experiencing the most significant cyber security threat. We have ever seen in the United States. Alex Holden, CEO of hold security, which has been closely tracking the ransomware and question for more than a year. Agreed that the unfolding offensive is precedent magnitude for the US given its timing in the heat of a contentious presidential election and the worst global pandemic in a century.
Making your money work in a stock market selloff
"So the stock markets here in the United States and elsewhere in the world. Are Having significantly rough days. And I don't know and nobody knows if this is the beginning of a true lasting stock market rout. That would lead to its nose, a correction where the value of your investments in your 401k or an investment account or whatever would fall typically ten percent or more, or this could be the start of a bear market, which is a decline of twenty percent or more, or it's just a few bad trading days. The reality is that what set off? The. Problems for investors. Is the extreme increase in the number of corona virus cases in the United States point where hospitalizations are surging. And we are at what? Public Health people refer to as a critical point is the kindest words they're using. There are some that are like talking about panic about what's going on with Corona. Virus and we do have a real problem because we have the public health aspect. people getting ill we are going to have unfortunately a spike in the number of Americans who die from Corona virus the good news. Is something that I talked about recently that is that the hard working people in medicine. Have come up with better ways to treat people. And so is they've learned over this year and so even the spike in cases, the fatality rates will not be as ugly versus number of cases is they were earlier this year but regardless. This is really ugly for the economy. And the doesn't matter the false choice arguments. About lockdowns not lockdown whatever what really matters. Is What individuals choose to do and individuals by their actions are showing that they are going to do. less eating out less travel, less different activities that will impact how the economy's doing. We had kind of stalled to help with half the jobs lost to corona virus have recovered the other half not. And now we're going to face what could be a very difficult next few months. The good news is that we are closer. To having vaccines that seemed to work. And widely adopted if they are in twenty one. That Corona virus will be defeated in the meantime though it's going to be tough for people's health, their lives and the economy, and that's why the stock. Market. Is Tanking, because economic activity Will. Decline because of this search and. We need a new game plan we need a new roadmap and I think we will get to one about how we do disease management. In the US, we're just not there yet. So. What does that mean to you? With. The concerns have been hearing from people with what may be the most unloved stock market. I can recall where the stock market has had. These great values for a long time people have been really really afraid and polling of investors shows that people have been really worried that we would have the market tank because of how valued stocks been potentially overvalued. So. I don't want you to react emotionally. To this wave of uncertainty. I want you to think about what game you're. If you have money in the stock. Market. The, you need right away. That's dangerous. If you have money in the stock market that you don't need for a good while. Then this isn't dangerous. And I'm a huge believer in something Warren Buffet. was talking about again recently. How for individual investors? You want to invest on a regular schedule. It's an old boring concept. That has the double dull name dollar cost averaging. The idea is that you ignore. Current News about the economy. And what you do is you're steady as you go because you're not investing four today you're investing for the long term. And if you put money on on a regular schedule, most often for most of us that would be through a retirement plan at work or potentially through a Roth IRA. If, you put money in each pay period or each month. You don't have to worry as much about the short term zigzags with what investments are worth. The reason is, is that particularly for those that are under age forty five? calamitous stock market today makes you more money over time for when you will use the money later in your life it's simple math. because when the market declines every dollar you put in from your paycheck. Buys you. The equivalent of more shares of whatever year investing in through retirement plan at work or on your own.
Remembering Eddie Van Halen with Steve Gorman
"Joining me now is Steve. Gorman who was the drummer in the Black Crowes who now plays with trigger hippy and before we talk about some of the Black Crowes stuff in your book I. I saw tweets even it was talking about Eddie Van Halen, which is Kinda. Why you here you say there will be many many words written and spoken about Eddie. Van. Halen, over the next few days, weeks, months and years those millions of words will never come close to expressing what he meant a rock music what he meant to guitarist and what he meant to the guitar itself that's pretty powerful statement Mr Gorman what did Eddie and remind me to rock music I. Think it's it's pretty simple. You can say that he and Jimi Hendrix of the two guys. That truly, and and only the two guys that moved the needle for the guitar itself I mean Hendrix. came out of a blue based. seem. And took the playing and the tone he could get to a new place but even hail and. Really almost came in from another country. Another planet I should say another he's like an alien life form I mean, he was a virtuosic player obviously but he He reinvented what what you could do is to guitar and the fact of the matter is this. Like Hendrix. But even to a greater degree, anybody tries to play like Eddie. Van Halen. Just sounds like a mind a mimic they. It's like rich little doing Johnny Carson okay. Yeah. That kind of sounds like him but. There's nothing nobody's ever been able to do any van. Halen. Did it make it feel a certain way? That each just the and he was that way at twenty two I mean, this is this is not a guy like it's not like David Blaine magic tricks where he gets bigger and better every year he started with card tricks that other people did I even Halen hit the ground running with Van Halen one playing an instrument that have been around for centuries unlike anybody else had ever done I mean he was on the Mount. Rushmore. Of Great Depar- players. At twenty two years old and then, and then he stuck around for another forty years still playing unlike anybody before sin. So I just think that in terms of. You know. Sheer unique. Mindset ambition combined with just. Great talent obviously. But but also phenomenal work ethic I mean he's just a complete unicorn in every sense of the word. How would you describe his guitar sound and I say that I know what I think of it but I wasn't I just messed van Halen like I came around right as you guys were blowing up honestly so that for me the van Halen was slightly classic rock slightly old rock to me as A. Kid. So as someone 'cause, you're just years older than I am but how would you describe his guitar sound someone who was in in it and living it in love and Van Halen? Well I can tell you that that was thirteen years old the first time I heard Van Halen and I remember it. I remember where I was I remember who I was with. It was going home from school in Hopkinsville Kentucky. You really got me there kinks the you know the their cover, the kinks song came on the radio. And and it was playing already and I said, Hey, mom turn that up. It was me and my mom and my friend Brooke. Lofton. The three of us in a car and she turned it up and I my first thought was. That must be like a live version of the king song and I was thinking like we don't they don't rock or do they. But when it hit that Solo and then by the time, the song ended I realized well, that does that's not ray Davey seeing this is clearly a cover version but what on earth is this and it was like making my? Hair on the back of my neck stand up. This is a time when I thought punk rock was the coolest thing in the world. and. The truth is Van Halen was more punk than the punks because they were truly breaking down a bunch of barriers if you will or they were going in their own. You know there hasn't been a band like Van Halen since led Zeppelin in terms of. Rock band hits the ground running at full steam and it obliterates everything in their path in a certain sense and. Jimmy van Halen sound it sounded like California was in my head. You know soon as I realized soon as I heard about them, they're from La, and as soon as I saw David Lee Roth and then as soon as I heard more than you know the next thing I heard was eruption Guitar Solo and you know hearing just two pieces of their first album and seeing what they look like it just. It felt brand new and it already felt like they're going to be around forever. You just knew from the jump and this is me as a thirteen year old kid who is obsessed with music. This band is one of the Alzheimer's like there's nothing like this and they all have the chops and the other thing too as long as I'm just rambling incessantly any van Halen was a great rhythm player. It wasn't just about the Solos he led the band rhythmically and he's also it needs to be noted not that it's not obvious. He's a hell of a songwriter I mean he really was. As I said before he's a true Unicorn I mean, just just nothing like it. What does this sound like do you? It sounds frequent and right in right in the zone near your your key. That's one thing because listen I played a little bit I don't play even as good as my friends who are real life musicians, but it's perfect frequency and frequency is in the tone or the, but as because it's a lot. I mean Brad Paisley plays unnoticed Brad. Paisley. Because I hear the chicken Pickin I hear a very distinct sound and again I didn't catch van Halen as it was happening in my childhood. But when I hear Van Halen Song even if I, it's I, don't know who it is. Just hear the guitar part I hear the Eddie van Halen because I how fast he shreds but the pattern that he does it, you can just tell. By By his fingers and it just kind of again it's hard to explain when you ask about music but that's what I think about and I try to. Always try to. Prepare analogies and most of the people who listen to this podcast here between twenty to forty, and if you were to make an analogy to another band, it's GonNa be tough because Van Halen was massive. But who later on had the kind of? Impact or. Reflected the mass listening that Van Halen had well. What band what yeah. What band can we look at now or in the last ten years and see? Okay. Well, that's how big Van Halen was to the people that were the kids in the eighties.
Guitar legend Eddie Van Halen dies at age 65
"And rock legend Eddie Van Halen has died of throat cancer at the age of 65. Jem Aswad is a senior music ever editor at Variety, and he joins us now to look back at Eddie Van Halen, Sze life and career Now, Jim, What was it about his guitar playing that made Eddie Van Halen such a legend? Well, he had a lot of flash and showmanship and, you know, dazzle, But underneath it all, there was a really salad musical foundation. He was he was classically trained. And although he never really mastered reading music or anything like that, that built a foundation that unlike a lot of other especially heavy metal guitar players, it wasn't just flash. There was a really foundation to it, and he was he was dazzling. When he first came out all the guitar players I knew were just like, how on earth does he do that? Well. The band, of course, found huge success in the eighties. But they went through a lot of changes but still continue to have hits. How did they persevere? Well, it is. The real basis was the first album. It's one of the greatest rock debuts ever made. It's one of the greatest debut albums ever as far as I'm concerned, so a lot of it built off of that, and you know the legend that ensued from it. As long as and they kept delivering hits throughout Theeighties. Even after David Lee Roth left in 1985, they continued to have hits and sell out, actually stadiums. They did the headline Stadium tour late in the eighties, so they would manage to have a really strong career after that, a classic first album. And to hear that we lost Eddie Van Halen at the age of just 65. Was this unexpected were fans aware how serious his condition was, Yes, they were and there. There have been rumors about his condition going around really for several years, and the only take away from it is cigarette. Smoking is bad because that he smoked for a very long time, and he died of throat cancer. That is Jem Aswad. He's the senior music editor at Variety. Thank you so much for joining us. Thank
Eddie Van Halen: Revered guitarist dies at 65 after cancer battle
"His his long long battle battle with with cancer cancer this this morning, morning, and and he he is is well well known known for for his his innovative innovative and and groundbreaking groundbreaking style style on on the the guitar, guitar, which which propelled propelled the the band band Van Van Halen Halen to to superstardom superstardom along along with with his his brother, brother, Alex on drums. Singer David Lee Roth and bassist Michael Anthony Van Halen rose to prominence in the late 19 seventies and was considered one of the top acts in the world. And he was born in Amsterdam and raised in Southern California. And Helen was born in 1955. That's
Social media amplifies conspiracies ahead of 2020 presidential election
"So we may be calling it Election day. But there might not be actual results for days, if not weeks in the presidential race, and that's because of all the mail in voting. Right. And during this waiting game, there is some kind of fear that people will start spreading conspiracy theories, especially on social media. Facebook and Twitter say they are well aware of this. They don't want their platforms used to undermine the democratic process. What are they going to do about it? So before we chat about this, we do want to note that Facebook is among among NPR's financial supporters on Let's turn out. NPR's Shannon Bond, who's been looking at all of this is in San Francisco. Good morning, Shannon. Good morning, David. So you're talking to social media companies about these fears? What are they telling you? Well, you know, they've been thinking about the election and misinformation for a long time, looking back to the lessons of 2016 when Russia used social media to try to manipulate voters, and also you know that things like the 2018 midterms other elections around the world. A lot of this planning takes the form of these threats, modeling exercises, So the companies you know, come up with different attacks and then game out how they would respond. You'll Roth, who leads site integrity, a Twitter gave me some examples. A high profile figures account gets taken over to the possibility of a large scale spam or bought attack to the risks of foreign interference like we saw in 2016. This time, As Facebook's chief operating officer, Sheryl Sandberg, told all things considered this week. You know, these companies were concerned about what happens not just before the election, but also after November, 3rd Both Twitter and Facebook say they're now going to be cracking down on post that say, For example, voting by mail is somehow fraudulent post that advocate violence to disrupt the transfer of power or premature claims of victory, and they'll do that by either labeling are removing We should say that some of these kinds of messages on DH spreading doubts have come from none other than the president of the United States himself. I mean, does that fact complicate things for these companies and what they could do? All right. We heard this again from President Trump this week at the debate. He's suggested he might not accept the results of this election. You know, In the case of Facebook, this company has come around pretty reluctantly to the idea that they might have to somehow moderate what the president says. And of course, we've had elections before where we've had to wait to find out who won remember back in 2000, the Bush versus Gore fight that dragged on for more than a month after Election Day, but disinformation expert Clint Watts says, you know we live in a different world now. Yeah, There's some angry lawyers and Bush versus core, but Is pretty tame compared to today. And of course, there wasn't Twitter or Facebook 20 years ago. It's true, and I mean you cover these companies. Twitter Facebook. Are they up to this? I mean, if this becomes a real mess Well, you know, this is not just about the rules that they're making its about whether they enforced thes rules and enforce them consistently. And frankly, the track record isn't particularly great. You know, Facebook specifically has come under a lot of criticism. For just not doing that not enforcing things evenly. Just this week. The Biden campaign called Facebook quote the nation's foremost propagator of disinformation about the voting process. Because it's chosen toe label and not take down a post by Trump attacked voting Now Facebook insists it applies its policies fairly. But you know, to answer the question. We just don't know if the social networks can hold the line after the election.
How Chicago's Death Alley Got Its Name
"By I decided to restart my day took a shower here. We are feeling good feeling in feel like I'm in the driver's seat. Good. Good. Yeah. That's a lesson forever and restart your day whenever you choose if you're not going the way, you want it. You get to restart it whenever you want and hydrate. And hydrate I'm going to a separate now. Everyone with us. Wasn't that refreshing. So before we get into the history of the Pittsburgh playhouse. Mercedes who again today script wrote us a little introduction. So without further ado, let's get into says. Introduction. She writes I love Pittsburgh. It's my home city, and in my humble opinion, it's one of the top two best cities on the planet. It's a place full of life and culture and history, but it's so small unleash that it tends to fly beneath the radar for most I grew up loving the city and knowing that it has a lot to offer when it comes artistic expression August Wilson, famously loved the city his home city so much that he created that connick Pittsburgh cycle it's an amazing city so to me, it just makes sense that if ghosts were real, they'd want to come back to hang out in the burgh I love for a little longer guests I love that you really heartfelt starts episode Mercedes. I think I need to go to Pittsburgh have you been now? Road trip I how far far could we drive from here? Yeah. I don't think it's far I think yeah I don't know. No I think. We'll take our stark reserves. Okay. So the history of the Pittsburgh playhouse. By Mercedes okay. The historic Pittsburgh playhouse originally on craft and was not so much a theater as it was a collection of buildings that were brought and then turned into theatrical spaces. The first of these was acquired in nineteen, thirty four and was formerly a German Social Club. This building was bought as a wedding present by Richard. Row for his wife Helen Wayne their stories actually very cute. So Richard. Fell in love with Helen when he first saw her perform in New York, his family was super rich and well-known Spanish factors in Pittsburgh. So he bought the location for Helen to give her a nice space to act in Pittsburgh. He basically did this so that they could live there together and she would feel fulfilled even though she wasn't a Big New York City Act trix actress. On that's so cute. Matching someone just give. The building. Just so that you can. Live in the and like feel like you're a big time. Yeah. I get jobs. Yes. Okay. So that their names are Helen and Richard Richard and So. With that, the Pittsburgh Civic playhouse was formed not just by Richard and Helen. It was a group of artists making up the company but like the rows. Oh but like the rows were moneybags. playhouses. Next purchase was an adjacent house to act as a lobby for what was then known as the Roth eater. The first performance in this theater and lobby space was in nineteen, thirty four. The playhouse was fairly popular in the thirties and forties staging productions of Noel Coward's private lives in Thornton wilders. Then new our town during his l.. Then new. Oh. I would like to, I. would like to live in a world where. Still felt new. During this, the playhouses signature leading lady was, of course, none other than Helen Wayne row, which seems like a pretty sweet deal and I'm jealous of her whole situation getting a sugar daddy to basically launch her acting career. Mercedes. SPEAK ON A. So the stage also housed musicals and featured a little known dancer choreographer just months before he would get his big break on Broadway you WanNa. Take a guess Fred Astaire. Close. Close. Oh Who Does skin I don't another dig her come on. It's obvious. Gene, Kelly. of. Yeah. Gosh. Okay. But I've heard he's like Not Nice well, did he like demand rehearsals like over and over again tell people bleeding? Yeah something wacko on in singing in the rain like I've brought up seeing in the rain on this podcast before which is funny. Okay. So that's NEAT I didn't know Gene Kelly was from. Pittsburgh neither that means Jim Kelly Okay Mall from the Burgh. What a gorgeous dancer what? Does little tap into. All right. Moving on. The third building that was additives Hodgepodge of theaters was formerly the tree of life synagogue the congregation moved to Squirrel Hill. I have to stop. I have to stop Squirrel Hill. Sounds like that sounds like a horrifying like like scary movie of chipmunks and squirrels like like. or or Blake dream. Yes my partner like squirrels. Okay. the congregation moved to Scroll Hill in nineteen fifty, one in this space was acquired by the playhouse making up their largest theater space. The Rock wealthier underneath the theater was a restaurant known as the playhouse restaurant. A former ballroom turned ice cream parlor. Cute. Wow. They're out here like setting up a small town. Lot of they got a restaurant. So there's three theaters. All connecting. So like spaces. Yeah. It was the playhouse restaurant, which is a ballroom to ice cream parlor. Got It. So you want got it another local Pittsburgh or to get their star at the playhouse before becoming a household name was one Shirley. Jones. I don't know that is. Listeners You do but I hope you do if you don't Google it we will. Profess, she performed in the playoffs. Many times Okay. Walmer says love that fact but. I feel like we're GONNA waking up in like feel stupid or something. Yeah. Well, another Pittsburgh native who has a history at the playhouse, oh? My Gosh is Jeff. Goldblum. We love chuckles literally Jeff. Goldblum pits. Pittsburgh playhouse butter boop. Out by I love. Jeff. Jacob Blue, that's the best I can I gotta wash him. Once when I go on benders watching Jeff Videos I can get that I can get that down pat? I can do really well that was impression to have like just in your back pocket it is it is when parties come back in twenty thirty I'll be sure to have perfected that party trick. Apparently, his first acting was done with the children's Cedar through playhouse junior an educational opportunities where children received professional training on a professional stage. Mercedes wrote feel free to have Goldblum here I would like to but I don't know why I love You love yes. We've why sorry I just I we did watch this show. But I'm just saying like outside of like that show on Disney plastic everyone by the way if you're busy plus stream Jeff. Goldblum show it's incredible but. I Love Jeff Goldblum I want his his interviews on Graham Norton also highly recommend every interview on. Yeah. True. True. Just pivoting entirely too grim noreen. My favorite episode did US maybe we are together. So don't get mad at me but did you watch that episode of Jeff. Goldblum the world according to Jeff Goldblum by the way is the full title did you watch the episode where he goes to Jeff Goldblum Day and gets like a tattoo like he'll give some tattoo people are getting Jeff. Goldblum. FLASH TATTOOS DID YOU. Know I didn't. But I've seen I've seen him Like. In an interview talking about people getting tattoos of him. And it's so funny. It's like I feel like we should be our next to you remember when we had just left London and somewhat some artists like installed this giant Jeff Goldblum statue on like Phil Lot on the lawn outside the the bridge theater setting somewhere around there and they had this like Gorgeous Gold Statue of Jeff Goldblum laying down like he doesn't Dross Park Oh. Yeah and he's like young his shirtless Yeah Walnut list but tank top or whatever no just a button down but it was like not buttoned half a Oh Anyway so you shouldn't. Superstar. He is he's got to love him. Okay. We're going to move on because this isn't his show but if he's listening it can be your show, Jeff. He's just sweet. Just send us an email. Go slight see the me calm your show. Can take over. So. The theater began to struggle financially and was acquired by point bark. Point Park University in nineteen sixty eight the playhouse continued to operate now mostly for students for many years this way this wasn't a perfect fit though the buildings of the playhouse were old and not originally intended for theater. They were also much farther from Point Park's main downtown campus making the playhouse more trouble for the school than it was worth in late two, thousand, eighteen, the old Pittsburgh playhouse buildings crafts avenue were demolished as the spirit of the playhouse was moved to a new home. Oh, that's a bummer. It's like cool history. The new Pittsburgh playhouse complex is located on Forbes and fourth, and while it may not have as many ghosts lingering as the old buildings had it is at the very least a space that was designed and intended to be used for theatre. Sad. Sad. Okay. Well, moving on things the hunting section of the Pittsburgh playhouse. We gotta get my my spooky vocal but We also Halloween town reference. Have you sir. Familiar. Halloween town. Longtime ago. I know. Collectively, Judge Lino, she was not raised on D. Calms and it shows in times like this. There's a wonderful line that Debbie Reynolds has when she corrects her grandson on how to make a ghost noise like make it like this out of a ghost sign it was one of the daughters anyway she's like she's like she says something about it being like like lower and more melancholic
"roth" Discussed on ID10T with Chris Hardwick
"Of year people make big purchases, and this will be the unbiased open and honest place for the jewelry beginners to go. Well, done Rhine also. T- has its own Instagram accounts, which I post on when I get to it. So just follow it and just know that you will not be inundated with stuff because I'm in a little lazy about it TB age. But I'm I'm working on it. And then the new ID ten t- site will hopefully be up sin, and again, send your thing events that I do you tend t- dot com. This episode is Bob Roth who is the head of the David Lynch foundation. You've probably been hearing me talk about TM transitional meditation for the past handful of time. And it's whatever your preconceived notions are about it. It's not some goofy culture thing. It's really just about clearing your mind, and so many people I know are I'm finding out are doing it to just keep their thoughts. Clear to keep their heads clear to quiet the clutter in their mind. And I've absolutely been loving it. I've been doing it since maybe February of this year is when I started I went to the David Lynch foundation and met with an amazing woman named Lynn Kaplan who taught me how to do it. And you should definitely if it's something that. You're interested in or even just are curious about than a go online. Look up look up whatever you can find out a David Lynch foundation dot org and get started. Just explore it. What's it gonna hurt especially as we're heading into the new year?.
"roth" Discussed on Unorthodox
"This gets a pretty big laugh on the bus that's ferrying the newark public library's phillip roth tore which is annotated by list of geographically specific passages from roth novels red somewhat timidly by volunteers over the buses pa system as far as i know there are no plans yet for philip roth rest stop on the turnpike nor was he ever awarded the nobel prize a subject of some griping amongst his loyal following and loyal they are it takes three buses to accommodate all of the tour goers and inbetween are guides descriptions they chat amongst themselves about how they got into roth and which of his books are their favorite a few of the excerpts feature in style roth describing the mundanity of middle and working class life to an equally astounding tour group they worked hard some not approvingly they worked hard we quick as charming if seemingly unremarkable suburban area within newark south ward the slightly weathered but still colorful mid century houses sit at a small but comfortable distance from one another and though i'd never been to a quick before the images jibe pretty well with what i had pictured as i read roths books growing up twenty minutes away in the suburbs without a tour guide you might not guess that jews had ever dwelled in newark temple buzney gesture and is now the hopewell baptist church oh head shalom is now metropolitan baptist when we arrive at eighty one summit avenue throws childhood home i'm surprised at how ordinary aside it is a three story single family detached house with yellow aluminum siding one imagines that looks just about the same as it did when philip lift their save for the direct tv dish on the roof and the small informational placard fix to the front that informs the reader of its connection to literary history as we mole about outside taking pictures of the place one of the homes current occupants amid.
"roth" Discussed on Unorthodox
"Characters the one attempt he made to write a female protagonist was a really terrible novel when she was good from nineteen sixty seven which is deservedly one of the least read philip roth novels so so that's a fair version of the qatif the unfair version is that there's something about the erotic sexuality and obscenity that's misogynist i think he was exploring aside that exists in all humans all humans have a dark sexual federalizing harada sizing side that they're a little ashamed to bring to the light of day and his characters and his protagonists did that and i think that's a service to art and i i think that there's a real unfairness it doesn't mean it appeals to everyone i certainly know more women than men who would say i'm not into that that side of roth fair enough but the fact that he's portraying it i don't see as inherently sexist in any way it's very hard in in a spoken interview to in some way convey how great he was on the page on a sentence by sentence level but if anyone can do it it's a man who knows how to pronounce fort as not forte's so give it a shot roth was someone who operated he had he had several different modes and even within a store he could have different modes he is the only american ever to pull off good stream of consciousness writing you know to to take what someone like joyce had done and you know what i'm gonna say he was better at this than gertrude stein was if you read portnoy's complaint at first glance you say oh he's just vomiting ideas onto the page stream of consciousness but the fact that it's a two hundred page stream of consciousness that keeps you in trance to the entire time shows how carefully crafted and curated it was it wasn't just him talking into a dictaphone all the thoughts that came in to his head or his protagonists head he made stream of consciousness incredibly interesting and then what he did in later novels from from the seventies forward was he returned to the early short story version of nineteen fiftynine those great works goodbye columbus and he really operated i would say.
"roth" Discussed on Chris Hogan's Retire Inspired
"Through and walk through your specific situation and so what we can't do as allow inaction to allow indecision to prevent us from growing forward but time is of the essence vip's don't stall don't wait and don't delay your dreams are waiting and tools are important your budgeting your debt snowball your savings as well as your investing and roth ira's on amazing component view to be able to add to your tool belt for your financial future vis growth from a roth ira can give us the confidence and assurance that we're taking the necessary steps to provide for ourselves as well as our loved ones and vip's for me i call that being responsible i don't know about you but we have people all over the place that have victim thinking they're trying to say the things are stacked against them that they can achieve something and here's the deal there's nothing preventing you from gaining more information about the roth ira and taking action to be able to get it set up and to get it started i know you can't wait to go talk to people and help them understand better about this not so secret sacred weapon all you have to do is text the word rough two three three seven eight nine again text the word roth two three three seven eight nine to be able to download hogan's roth ira starter guide again just text the word rough two three three seven eight nine and you'll be able to download this right now and be able to share information with your spouse your friends or your coworkers about my guide to the roth ira starter guide you have an opportunity to be able to do this remember opportunity may not but it won't sit down and take a nap and wait on you vip's what we have to do is grab it so until next time don't make excuses make progress.
"roth" 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" Discussed on Chris Hogan's Retire Inspired
"So the advantage of putting this roth tag team dwi remember wrestling tag teams back in the day legion of doom the road warriors they were some bad man those tag teams were no joke right because when they came to the ring it was a one two punch right well here's the deal i look at the roth 401k and the roth ira as that roth tag team meaning they are going in and doing battle for you for your dreams and can grow because they each give you an opportunity to experience taxfree growth i get happy every time every time i think of the power of those two things working together i'm just i'm excited you know why 'cause i know even when i sleep my roth is working for me okay question number seven how do i open and maintain a roth ira well listen the best way to open one is through an experience investment professional right that's a smartvestor pros somebody you'll sit down with face the face because they're going to have knowledge and experience to be able to educate you on some investment choices that you make now you can invest in almost anything through your ira but i'm gonna tell you vip's i'm going to recommend mutual funds growth mutual funds because they have a great potential to be able to build wealth over time especially with roth ira's and the tax benefits but you have to pick based on your investing style you have heard me talk about that before your risk tolerance in your style will determine what you invest in but before you meet with your investing pro you're going to have to gather up some information right you're going to have to fill out on.
"roth" 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.
"roth" 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" Discussed on Chris Hogan's Retire Inspired
"There's a ketchup contribution of another extra thousand so you can go up to sixty five hundred if you're over the age of fifty each year but did you also know seventy four percent of roth ira owning households that have a strategy took three or more steps in developing their strategy for their money meaning they had an emergency fund they had determined their retirement expenses and they had reviewed their insurance policies oh again another adult step and another planning step in the right direction most roth ira owner's also consult a financial professional when creating a retirement strategy seventy three percent of roth ira owning households with the strategy sat down to talk with the financial professional about their situation so here's the deal vip's smart people use smart money to use tools to help them available to reach their dreams as soon as possible that's the deal smart people do smart things for real goals now i talk to people all the time and i'm constantly debunk in some myths and answering questions because i don't want people to waste time or money because wasting time or money means we also potentially have wasted an opportunity and that's not something that we want to do now i'm getting more and more questions than emails on roth ira's so i want to revisit some information other off and answer some typical questions that have been coming in now if you already know about the raw that's a good thing but here's the deal i want you to listen up because you may hear some new information that i'm going to bring g today that can help you but also vip's i want you to be able to help others meaning your friends your family your co workers i want you to kind of be that point person to help them have a better understanding of roth because see the people we care about we don't want them to miss opportunities i mean we're here to help and remember we don't just need to help ourselves but we need to help others as well so let's.
"roth" 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" Discussed on Money Girl
"Hey everyone i'm laura adams and this is the money girl podcast where my mission is rich and love the journey today show was inspired by a money girl podcast listener named peter de who asks now that congress has enacted lower tax rates for most americans does this make a roth 401 k more attractive than a traditional 401 k thanks for this great question peter we will definitely answer it in this show if you are interested in learning more about how to invest for retirement like using a roth ira or a roth 401 k or a roth for three be at work this show is for you it will really open your eyes to what's available with roth accounts and how flexible they are retirement accounts are really the best places to save because they allow you to cut your taxes on the investments that you own on inside them and that allows you to build a bigger nest egg and roth accounts are some of the best accounts out there i really put them on a pedestal because they come with more benefits than any other type of retirement account problem is roth accounts are vastly underutilised and i think misunderstood many people tend to rely only on traditional accounts and they may not realize the huge tax benefits access to funds and flexibility that come with a roth so stick with me in this post i will answer peters question and explain the best reasons you should invest money in a roth retirement account right now i'm going to include a lot of resources in the notes for this show which is called seven reasons to invest money in a roth retirement account now it's episode number 530 you'll find it on the money girl section at quick and dirty tips dot com and this episode is brought to you by milo.
"roth" 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.
"roth" Discussed on KBNP AM 1410
"And you can watch it later on of the week i think i'd be is tv so there you go all right uh oh and then before he if the next email we had a question they didn't want to hold on i was hoping they would they were driving somewhere i don't know i didn't even catch the name but the question had to do with what we were talking about with these wrought this rock to step in the rock conversions they wanted to know if converted money was treated the same as contributed money 'cause i had said we had said if you wanted to put sixty five hundred or fifty five hundred depending on how old you are into your raw ueki the contribute to it or if you make too much money you could do this back to a roth to step where the money's still gets into the roth ray but it does maintain its character when it's in the roth ira as a conversion and so when you're taking out money from a roth ira and you're not fifty died and a half you have to look at what is my what's coming out of the roth ira the first things out are going to be your contributions not the dollar i mean there's one super the money in and if you have conversions you have earnings you have uh contributions there the contributions not tied to specific dollars just in the counting leisure so first money outs going to be contributions second money outs going to be conversions and the question of whether or not it's going to have a penalty with it depends on what is co what type of converting the principles coming out if the only money that is then by roth ira from conversions is from this back door raw and none of the back door none of the conversion that the time those are the back of a rough was taxable then there won't be a penalty when i take the money.