A Roth IRA conversion enables you to change some of your tax-deferred savings into Roth savings in order to reduce your tax bills in retirement. Tax-deferred retirement accounts, like traditional 401(k)s and IRAs, give you a tax break this year, but you have to pay taxes on your withdrawals in retirement. For example, if you had $5,000 in a traditional IRA and you wanted to put that money in a Roth IRA, you could do so, but the government would add that $5,000 to your taxable income for 2021.
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The former couple announced their separation after 16 years together.
- CBS News
Brianna Kupfer was found dead on the floor of the store minutes after she had sent an ominous text message to a friend, police said.
- USA TODAY Sports
New York Islanders defenseman Zdeno Chara felled Philadelphia Flyers forward Zack MacEwen with a hard punch but checked to make sure he was fine.
- The Guardian
The Steelers quarterback is headed to the Hall of Fame. But he was unloved outside Pittsburgh for understandable reasons Ben Roethlisberger almost certainly played his final game in the NFL on Sunday. Photograph: Ed Zurga/AP Ben Roethlisberger is lucky that football legacies are not decided by finales. If Sunday night was indeed Big Ben’s last ever NFL game, as he has strongly hinted, it wasn’t exactly a mic drop. In the 42-21 beatdown by the Chiefs, Roethlisberger struggled with rollouts, and l
The actress posted Instagram shots that were reminiscent of her role in the 2002’s cult classic Blue Crush
- The Telegraph
Emma Raducanu 'has a lot to learn': Sloane Stephens hits out at British No 1's behaviour after Australian Open defeat
Emma Raducanu still “has a lot to learn”, said her defeated first-round opponent Sloane Stephens, who sounded aggrieved at the way Raducanu had challenged her verbally at the start of their first-round match.
The super-sexy Savage x Fenty collection drops January 20
- Atlanta Black Star
‘Disgusting’: Newly Released Video Captures Florida Officer Grabbing a Female Subordinate by the Throat After She Pulled Him Away from Suspect He Was Confronting
A South Florida police sergeant has been taken off the street after a video of him choking a fellow officer emerged last week. Sgt. Christopher […]
Man admits to enslaving worker and making him live in a garden shed for 40 years with no light or heating
Officers investigating Peter Swailes, 56, noted that his dog had better living quarters than the worker that lived on his property.
- Knox News | The Knoxville News-Sentinel
Here's what happened in the second half that led to four technicals for Tennessee, Vanderbilt basketball
Here's a look at what happened between the Tennessee Vols and the Vanderbilt Commodores in the second half that resulted in four technical fouls.
The Duke and Duchess of Cambridge joined forces to highlight one of Kate's most important causes
Kate Middleton and Prince William might be moving to Windsor into one of the Queen's extra homes—get updated here.
- Business Insider
Dozens of former Trump officials including John Kelly and Stephanie Grisham are formulating plans to thwart their former boss in 2022 and 2024
Miles Taylor, a Trump official turned prominent anti-Trump critic, led a conference call with former officials, and told CNN that the participants were "overflowing with ideas" on how to stop Trump.
The IRS has good news for retirees starting in 2022: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs). For the first time in 20 years, the Internal Revenue Service has … Continue reading → The post Good News for Retirees: RMD Formula Changing for First Time in Decades appeared first on SmartAsset Blog.
- USA TODAY Sports
Dak Prescott should be ashamed of himself – and not because of squandering the final seconds off the clock in Cowboys' wild-card playoff loss.
The mogul's latest swimsuit shots have her fans doing some deep-dive detective work
Olivia Culpo posted a playful jab on her Instagram account after she was asked to put more clothing on for a recent American Airlines flight
- NBC Sports
At the Australian Open, Amanda Anisimova, a former teenage American phenom, upset Belinda Bencic to advance to a match with Naomi Osaka.
The LA Coliseum track has drawn the most comparisons to the ancient Bowman Gray Stadium in Winston-Salem, N.C.
- Yahoo Sports
The Pistons voided a traded last week after Bol failed a physical. He's reportedly slated to have foot surgery.