Ukraine’s troops pushed farther east into the strategically important town of Lyman, threatening Moscow’s positions in the Donetsk region. WSJ’s Yaroslav Trofimov reports from the recently liberated town after Russia’s hasty retreat. Photo: Anatolii Stepanov/AFP/Getty Images
Suppose you have a $3 million brokerage account and a $3 million tax-deferred retirement account. Your daughter, who already is in a high tax bracket under her salary, will pay tax on every dollar she pulls out of the retirement account. The Salvation Army, meanwhile, won’t pay taxes in either case—whether it receives the retirement account or the brokerage account.
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
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