BusinessThe Wall Street JournalRetirement Savers Love the Backdoor Roth IRA Strategy. It Might Not Last.
The tax strategy at issue is the mega-backdoor Roth conversion and it has allowed some Americans to amass sizable balances in tax-free Roth retirement accounts. On Sept. 15, the House Ways and Means Committee approved legislation from House Democrats that would prohibit use of the mega-backdoor Roth conversion starting Jan. 1, 2022. The proposal is one of a series of measures Democrats are backing in an effort to prevent the wealthiest Americans from shielding multimillion-dollar retirement balances from taxes.
WorldCoin RivetMiner cashes out 1,366 BTC seconds before China bans Bitcoin
A Bitcoin miner withdrew 1,366 BTC just seconds before China officially announced it would ban cryptocurrency, Coin Rivet can reveal. Data shows someone was able to cash out $58m in crypto assets moments before Beijing issued its notice.
- BusinessMoneyShow
4 ETFs for a 7% Yield Portfolio
Many income seekers, including retirees, have resigned themselves to the fact that their portfolios just may never generate the kinds of dividends that they want, explains David Dierking, editor of ETF Focus on TheStreet.
BusinessMoneyWiseBill Gates is hanging on to these stocks for steady income — you can too
Is it time to copy the fourth-richest person in the world?
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