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The Latest Breaking News from IRA

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

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.

InsideEVs

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read the most diverse news in one place.

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.

Fortune

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.

InsideEVs

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

The Independent UK

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

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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.

Kiplinger

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.

Reason

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.

Kiplinger

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.

Investors Business Daily

Three Strategies to Organize Your Retirement Accounts

Streamlining your accounts and investments, which helps you to know where all your money is and gives you more control over it, is key to a sustainable retirement.

Kiplinger

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Fortune

Al Gore thinks there's an ugly wart on Biden's landmark climate law

The one-year-old law's climate and energy provisions are the most comprehensive and effective that any nation has passed, except for one glaring problem, says former VP Al Gore.

The Guardian - UK

‘These stories must be talked about’: the film-maker shedding new light on the Troubles

James Bluemel talks about his acclaimed new BBC series Once Upon a Time in Northern Ireland

The Independent UK

Three men remanded over ‘letter claiming responsibility for attack on detective’

The charges centre around the placing of a claim of responsibility by the New IRA for the attempted murder of Detective Chief Inspector John Caldwell.

Kiplinger

Should You Roll Over Your Retirement Plan When You Retire?

Here are some pros and cons of leaving your money in the company retirement plan when you retire vs. rolling it over to an IRA.

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The Guardian - UK

‘He lived by the troll, he dies by the troll’: Putin takes on Prigozhin’s business empire

Kremlin appears to gain control of Wagner warlord’s troll farms as Patriot media operations shut down

The Independent UK

Russian media watchdog blacklists outlets linked to Wagner mercenary chief

The Russian media watchdog has blacklisted at least five media outlets affiliated with Wagner mercenary chief Yevgeny Prigozhin and blocked their websites in Russia

Kiplinger

Some retirees rely on a withholding rule to avoid paying estimated taxes.

Belfast Live

Complaint to Law Society over Sinn Fein's John Finucane attending IRA commemoration

The complaint claims John Finucane's attendance brought his legal profession into "disrepute"

Daily Mirror

West Ham star Declan Rice's journey from 'offensive' tweet to devoted dad as bids top £105m

Bids for West Ham star Declan Rice have reached £105m and it is believed he could soon move to a new team. Here, we take a look at his transformation over the years

Kiplinger

What to Know About the Five-Year Rules for Roth IRAs: The Kiplinger Tax Letter

It’s vital to know when the five-year clock starts for tax-free and penalty-free earnings.

The Week

The green arms race explained

The Biden administration’s Inflation Reduction Act (IRA), which came into effect last August, is sending shockwaves through not just the green technology industry, but through the entire global economic order.

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