very nice Mojoe... cellie...
Whats on tonights Menu
Do you have a recipe for those?
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IRA contributions: Anyoneyounger than 50 can contributea maximum of $6,000 to an IRAthis year. If you’re at least 50,the limit is $7,000.
**[B]401(k)s
and IRAs**
What you should know
about required
minimum distributions[/B]
by SUZE ORMAN
Q My wife and I are federal employeeseach contributing the maximum($19,000 pretax plus $6,000 Rothcatch-up) to our Thrift Savings Plans. Arewe able to also contribute to individualRoth IRAs? I am interested in what yousaid about rolling Roth 401(k)s over toRoth IRAs. We are both 63 and plan toretire around January 2023.
—Mike D.
Pasadena, Maryland
A How fabulous! Not only are you bothcontributing the maximum of ;;;,;;;each this year (if you’re under ;; themaximum is ;;;,;;;), you are using aRoth ;;;(k).
Many workplace retirement plansnow come in two flavors. In addition tothe traditional ;;;(k) that has beenaround for decades, lots of plans also giveyou the option of using a Roth ;;;(k).
Check with the human resources department to see if your plan does.
If your plan offers a Roth ;;;(k), Isay go for it. Your contributions will befrom after-tax money, so there’s noupfront tax break. But be patient. Inretirement, any money you withdrawfrom a Roth ;;;(k) will be tax-free.
Every penny you withdraw from atraditional ;;;(k) will be taxed as ordinary income. The value of tax-freemoney in retirement is a huge plus.
Another benefit of a Roth ;;;(k) isthat you can make one easy move andthen not have to deal with requiredminimum distributions (RMDs) onceyou turn ;;;. All traditional ;;;(k)sand traditional IRAs have RMDs so the
PHOTO CREDI T
government can collect tax from you.
Even if you don’t need to withdrawmoney, you’re forced to.
A quirk of ;;;(k) rules is that if youleave money in a Roth ;;;(k) you will behit with RMDs. But if you move yourRoth ;;;(k) to a Roth IRA, there are noRMDs. It’s easy to move money from aRoth ;;;(k) to a Roth IRA at a discountbrokerage once you stop working (orleave for another job). There is no taxbill when you do this.
Even if you are saving the maximumin a ;;;(k), you can also save in an IRA.
But there’s an income test for Roth IRAs:In ;;;;, couples filing a joint tax returnwith modified adjusted gross incomebelow ;;;;,;;; can each contributethe maximum to a Roth IRA; the limit is;;;;,;;; for individuals. You can makelimited Roth contributions if your income is slightly higher, but once youhit ;;;;,;;; (married) and ;;;;,;;;(single) you can only save in a traditional IRA.
Credit reports
A reader who filed forbankruptcy 15 years agorecently told me that she feltlike she was in a Catch- 22
because her credit card
issuers are still using that
event to negatively adjust the
terms on her accounts.
For a Chapter 13 bankruptcy, the ding is completelyremoved after seven years.
For a Chapter 7 bankruptcy, it
must be removed from your
credit report after 10 years.
This is another reason tomonitor your credit reports.
Go to annualcreditreport.comto ensure you will not have topay a penny for a creditreport.—SO
Suze Orman
is an Emmy Award–winning TV host,
New York Times
best-selling authorand motivationalspeaker. Orman willanswer selectedquestions in thiscolumn. She regretsthat unpublishedquestions cannot beanswered individually.
Email
[email]connection@costco.com[/email]
Please include“Financial Connection”in the subject line.
SEANLEEDAVIES
**18 Costco Connection JULY 2019**
©DESIGNER491/STOCK.ADOBE.COM
.
... sand under my bare feet is better than subway steps with steel toe boots on... cellfish...
.
... sand under my bare feet is better than subway steps with steel toe boots on... cellfish...
.
CommodoreOriginal Crew18,289 postsSince 2019
I love the dogs from Forest Pork Store in Huntington,
Live and Let Fish
Good things come to those who bait.
Good things come to those who bait.
CommodoreOriginal Crew16,182 postsSince 2018
i picked 10 zuchini flower blossoms this morning early when the flower is open,, battered and fryed with stuffed mozz inside,, with a big azz sirloin cheese burger,, and salad,,, those flowers are yum yum,, JBayRoyal ate most of them ,, shes loves them lol,,, guys try them you will like them goat cheese and cream cheese mix is very good too,,se mix is very good too,,,,,,,,,,,, [COLOR=rgb(26, 188, 156)] ><))):>
<))):>[/COLOR],
EAT FISH LIVE LONGER >
AdmiralOriginal Crew25,821 postsSince 2018
i picked a few zuchini flower blossoms this morning early when the flower is open,, battered and fryed with stuffed mozz inside,, with a big azz sirloin cheese burger,, and salad,,, those flowers are yum yum,, JBayRoyal ate most of them ,, shes loves them lol,,, guys try them you will like them goat cheese and cream cheese mix i very good too,,se mix is very good too,,,,,,,,,,,, [COLOR=rgb(26, 188, 156)] ><))):>
<))):>[/COLOR],
YUM YUM YUM
CommodoreOriginal Crew5,665 postsSince 2018
Sabbrett satisfied my craving
Damn, that’s how Jeffery Epstein served him up to his under age friends!!?
CommodoreOriginal Crew5,902 postsSince 2018
i picked 10 zuchini flower blossoms this morning early when the flower is open,, battered and fryed with stuffed mozz inside,, with a big azz sirloin cheese burger,, and salad,,, those flowers are yum yum,, JBayRoyal ate most of them ,, shes loves them lol,,, guys try them you will like them goat cheese and cream cheese mix is very good too,,se mix is very good too,,,,,,,,,,,, [COLOR=rgb(26, 188, 156)] ><))):>
<))):>[/COLOR],
Looks great Mojoe, but Id rather have the zucchini (y)
M.H.
AdmiralOriginal Crew25,798 postsSince 2018
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Whats on tonights Menu