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The Latest Breaking News from IRA

Biden’s climate bill leaves workers behind in shift to electric cars, union says

Legislation gives incentives to companies to manufacture EVs without protections for workers, says head of autoworkers union

The Guardian - US

Lessons must be learnt from Omagh bomb tragedy 25 years on – Heaton-Harris

It is a quarter of a century from the Real IRA atrocity – which cost the life of 29 people, including a woman pregnant with twins.

The Independent UK

Transition from ‘dirty’ to green US jobs rises, leaving older workers behind

Workers in their 40s, 50s and 60s and those without college degrees appear least likely to move into green jobs, research finds

The Guardian - US

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One year on: How has US climate plan affected trade ties?

US President Joe Biden's landmark climate action plan may have been trailed by billions of dollars in clean energy investment, but its potential to reshape trade lines has strained ties with allies.

Radio France Internationale

Data leaks have given Irish republican groups ‘upper hand’ against police, analysts warn

Breaches hurt police morale and may help republican paramilitaries intimidate officers and their families

The Guardian - UK

Green investment boom and electric car sales: six key things about Biden’s climate bill

The $369bn Inflation Reduction Act has boosted clean energy and EV cars, but the politics remain difficult

The Guardian - US

New IRA believed to be largest of dissident republican groups

The group claimed responsibility for the shooting of Detective Chief Inspector John Caldwell in February.

The Independent UK

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Face Down review – documentary traces trauma of a brutal IRA murder

The kidnapping and killing of Thomas Niedermayer by the Provisional IRA is given deeply moving family context and gripping historical background

The Guardian - UK

Pros and Cons of Adding Alternative Investments to Diversify Your IRA

The potential for higher returns from alternative investments such as real estate and private equity comes with some risks. Are they right for you?

Kiplinger

With interest rates at historic highs, retirees might want to invest in a CD IRA to protect and grow their nest eggs

IRA CDs can help retirees protect their savings in multiple ways.

Fortune

New Rules for Inherited IRAs Could Leave Heirs With a Hefty Tax Bill

Thanks to recent changes in the law on inherited IRAs, your tax bill from any inheritance could be larger than you expect.

Kiplinger

Former British soldier ordered to give evidence into Co Tyrone shooting

IRA men Peter Ryan, Tony Doris and Lawrence McNally were shot dead in Coagh, Co Tyrone, in 1991.

The Independent UK

Pension funds fail to turn into Jeremy Hunt’s magic money tree

The chancellor’s plan to use the UK’s providers as a source of much-needed investment has proved underwhelming, to say the least

The Guardian - UK

The 10-Year Rule for Inherited IRAs

The IRS’ interpretation of the 10-year clean-out rule on inherited IRAs can be complicated.

Kiplinger

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InsideEVs

Tesla Price Reductions Partly Offset By Government Tax Credits: Report

Tesla is taking full advantage of the battery tax credits instituted by the IRA, cashing in subsidies between $900 and $1,400 for every EV sold in the US.

Fortune

It took 30 years for climate tech investments to pay off. Now they’re best placed to survive the VC winter

Early solar investors anticipated receiving an amount of public funding that didn’t come to pass until the IRA.

InsideEVs

Incentives Fuel A Factory Building Boom In The Battery Recycling Industry

Several US companies are ramping up investments in battery recycling thanks to generous government grants.

The Independent UK

One year old, US climate law is already turbocharging clean energy technology

Excessive heat continues to bear down on sections of the United States, a reminder of the impetus for the The Inflation Reduction Act, the significant climate legislation that turns one year old on August 16

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Kiplinger

High-Income Millennials, This Advice Is for You

If you are in your 20s or 30s and making $150,000-plus a year, your financial planning needs are more advanced, and need more attention, than the average Millennial.

Kiplinger

How to Optimize Taxes When You Tap Your Retirement Accounts

Strategically timing your withdrawals can limit your taxes, maximize your retirement earnings and give you a better chance of not running out of money in retirement.

Kiplinger

IRS Delays IRA RMD Rules to 2025

The IRS is delaying certain required minimum distribution rules. Here’s what the latest change means for some inherited IRA beneficiaries.

Kiplinger

Penalties on Early IRA and 401(k) Payouts Kiplinger Tax Letter

Early withdrawal penalties of 10% typically apply to IRA and 401(k) distributions, but there are exceptions.

Reason

Giving Away Taxpayer Money Is Not the Best Way To Attract Investment

State and countries should make their business climates more attractive to investment, not just dole out taxpayer money.

Kiplinger

Roth IRAs: What They Are and How They Work

A Roth IRA is an individual retirement account that allows tax-free investment growth and distributions, as long as key rules are followed.

Investors Business Daily

Tesla Made All Model 3 Vehicles Eligible For The $7,500 IRA Tax Credit. Now It's Backtracking.

Tesla signaled Wednesday the $7,500 tax credit for all Model 3 trims could be reduced in 2024.

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