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Your Money: Tax-smart IRA distributions to consider

Published Fri, 07 Feb 2025 21:31:11 GMT

Bruce Helmer and Peg WebbIn our practices, we often have older clients who have built a substantial balance in their qualified accounts such as traditional IRAs or 401(k) plans.In many cases they don’t need to take income from these accounts when they reach age 73, the new start date for taking required minimum distributions (RMDs). Fortunately, two popular provisions within the Internal Revenue Code will permit them to defer RMDs into the future while making meaningful contributions to charity, as well as reduce the size of the RMDs they would otherwise have to take by using deferred income annuities.What’s the tax problem with IRA distributions?Distributions from a traditional IRA or 401(k) are taxed at ordinary rates, currently topping out at 37%. Because they’re taxable, RMDs may also create tax issues around net investment income tax (NIIT) for many taxpayers. For this reason, seniors who don’t need the income often choose to postpone distributions for as long as possible.If yo...

SPAC announces 2023-2024 Spa Little Theater season

Published Fri, 07 Feb 2025 21:31:11 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- Saratoga Performing Arts Center has announced the lineup for the 2023-2024 season at the Spa Little Theater. The intimate 500-seat theater, located at 19 Roosevelt Drive, hosts the residency of the Chamber Music Society of Lincoln Center in addition to its year-round programming. Get the latest news, weather, sports and entertainment delivered right to your inbox! The season will feature an extensive series of global, classical, jazz, and pop concerts. The theater's full schedule is listed below:Spa Little Theater 2023-2024 Season2023October 8: Pilobolus October 19: Avi Avital & Hanzhi Wang October 28: Chamber Music Society of Lincoln Center, "American Panorama" November 11: säje December 2: Kings Return, "We 4 Kings" December 9: Time for Three, "Home for the Holidays"December 17: Kat Edmonson, "Holiday Swingin’!"2024 March 9: Chamber Music Society of Lincoln Center, "Instrumental Array"March 16 - 17: BalletXMarch 23: TISRA - Zakir Hussain w...

Troy Police investigating 4th Street shooting

Published Fri, 07 Feb 2025 21:31:11 GMT

TROY, N.Y. (NEWS10) -- The Troy Police Department announced they are investigating a shooting that occurred on August 4. One victim sustained a non-life threatening injury. Get the latest news, weather, sports and entertainment delivered right to your inbox! On Friday night at 9 p.m., police responded to the area of 4th Street near Congress Street following a report of shots fired. The suspect fled the scene before law enforcement arrived, and no injuries were reported at the time.Overnight, a woman visited Albany Medical Center and was released after being treated for a gunshot wound to the lower arm, according to police. Following an interview with detectives, police determined that the woman was the intended victim of the shooting incident from earlier in the evening. Albany man sentenced for 2022 murder The investigation remains ongoing. Anyone with information is asked to call Troy Police at (518)270-4421.

Northglenn officer shoots armed man, police shooting investigation underway

Published Fri, 07 Feb 2025 21:31:11 GMT

An armed man was shot by a Northglenn officer early Saturday morning, police said.Officers responded just before midnight to the area of Fowler Drive and Humboldt Street on a report of an “unwanted party,” the Northglenn Police Department said in a 4:29 a.m. Saturday tweet.Police encountered a man with a firearm, just after midnight, and an officer shot him. The man was taken to a hospital and is expected to survive, police said.The police shooting is being investigated by the 17th Judicial District Critical Incident Response Team. The officer who fired was uninjured and has been placed on paid administrative leave per department policy and pending the ongoing investigation. Further details on the shooting were not released on Saturday.Press release regarding an overnight officer-involved shooting. pic.twitter.com/JL6Oo4qmO9— Northglenn PD PIO (@NorthglennPDPIO) August 5, 2023Sign up to get crime news sent straight to your inbox each day.

After Trump post appears to promise revenge, prosecutors seek protective order

Published Fri, 07 Feb 2025 21:31:11 GMT

By Alanna Durkin Richer | Associated PressThe Justice Department has asked a federal judge overseeing the criminal case against former President Donald Trump in Washington to step in after he released a post online that appeared to promise revenge on anyone who goes after him.Prosecutors on Friday requested that U.S. District Court Judge Tanya Chutkan issue a protective order concerning evidence in the case, a day after Trump pleaded not guilty to charges of trying to overturn his 2020 election loss and block the peaceful transition of power. The order, different from a “gag order,” would limit what information Trump and his legal team could share publicly about the case brought by special counsel Jack Smith.Chutkan on Saturday gave Trump’s legal team until 5 p.m. Monday to respond to the government’s request.Such protective orders are common in criminal cases, but prosecutors said it’s “particularly important in this case” because Trump has...

California women get paid 88% of men, and that’s 6th-best in US

Published Fri, 07 Feb 2025 21:31:11 GMT

In a summer celebrating women, entertainment-wise at least, the pay gap by gender still simmers.While we flock to theaters to see “Barbie,” pack stadiums for Taylor Swift’s music tour and stay up all hours cheering the U.S. women’s national team, this bright cultural spotlight doesn’t truly reflect progress at the workplace.Despite a milestone agreement for equal pay last year for the U.S. women’s soccer team, my trusty spreadsheet tells me the typical female worker clearly gets paid less than their male counterparts.A peek inside the government’s annual report on the women’s wage gap compared coronavirus-chilled 2021 to 2016. The good news for California’s female workforce is that the state’s job market has the sixth-smallest wage gap among the states.Margot Robbie in a scene from “Barbie” shows off her flat feet to other barbies. (Courtesy Warner Bros. Pictures) The good news for California’s female...

NASCAR suspends driver Noah Gragson for his activity on social media

Published Fri, 07 Feb 2025 21:31:11 GMT

BROOKLYN, Mich. (AP) — Driver Noah Gragson has been suspended indefinitely by NASCAR and Legacy Motor Club due to undisclosed activity on social media.“I am disappointed in myself for my lack of attention and actions on social media,” Gragson posted Saturday. “I understand the severity of this situation. I love and appreciate everyone. I try to treat everyone equally no matter who they are. I messed up plain and simple.”Grant Enfinger will be in the No. 42 Chevrolet, making his Cup debut in Sunday’s race at Michigan International Speedway to replace Gragson.NASCAR said Gragson violated the member conduct of its rule book without providing details.“His actions do not represent the values of our team,” Legacy Motor Club said in a statement.The 25-year-old Gragson, who is from Las Vegas, is in his first full season in the Cup series and is No. 33 in points.___AP auto racing: https://apnews.com/hub/auto-racingSource

Semifinal washout at Prague Open with both matches rescheduled for Sunday

Published Fri, 07 Feb 2025 21:31:11 GMT

PRAGUE (AP) — Rain has washed out the entire Saturday schedule of the Prague Open.Both semifinals were rescheduled to take place on Sunday, along with the final.In the semifinals, fourth-seeded Linda Nosková of the Czech Republic will play qualifier Tamara Korpatsch of Germany, and Jaqueline Cristian of Romania faces Nao Hibino of Japan.___AP tennis: https://apnews.com/hub/tennisSource

Seattle visits Phoenix following Taurasi’s 42-point outing

Published Fri, 07 Feb 2025 21:31:11 GMT

Seattle Storm (6-20, 4-8 Western Conference) at Phoenix Mercury (7-19, 2-11 Western Conference)Phoenix; Saturday, 10 p.m. EDTFANDUEL SPORTSBOOK WNBA LINE: Mercury -3.5; over/under is 159.5BOTTOM LINE: Phoenix hosts the Seattle Storm after Diana Taurasi scored 42 points in the Phoenix Mercury’s 91-71 win against the Atlanta Dream.The Mercury have gone 2-11 against Western Conference teams. Phoenix is sixth in the WNBA with 19.3 assists per game led by Sug Sutton averaging 4.5.The Storm are 4-8 in Western Conference play. Seattle ranks sixth in the WNBA with 26.0 defensive rebounds per game led by Ezi Magbegor averaging 6.6.The teams square off for the third time this season. In the last matchup on June 25 the Storm won 97-74 led by 24 points from Jewell Loyd, while Moriah Jefferson scored 18 points for the Mercury.TOP PERFORMERS: Taurasi is averaging 17.4 points and 4.9 assists for the Mercury. Brittney Griner is averaging 10.6 points over the last 10 games for Phoenix.Loyd is ...

Sports on TV for Sunday, August 6

Published Fri, 07 Feb 2025 21:31:11 GMT

Sunday, August 6AUTO RACING11 a.m.USA — IMSA WeatherTech SportsCar Championship: The IMSA SportsCar Weekend, Road America, Plymouth, Wis.12:30 p.m.NBC — NTT IndyCar Series: The Big Machine Music City Grand Prix, Nashville Street Circuit, Nashville, Tenn.2:30 p.m.USA — NASCAR Cup Series: The FireKeepers Casino 400, Michigan International Speedway, Brooklyn, Mich.3 p.m.NBC — FIM MotoGP: Round 9, Towcester, England (Taped)BEACH VOLLEYBALL12 p.m.ESPN2 — AVP Gold Series: The Atlanta Open – Women’s and Men’s Championships, AtlantaCFL FOOTBALL7 p.m.CBSSN — Ottawa at SaskatchewanGOLF8 a.m.GOLF — LPGA Tour: The Trust Golf Women’s Scottish Open, Final Round, Dundonald Links, Ayrshire, Scotland1 p.m.CW — LIV Golf League: Final Round, The Old White at The Greenbrier, White Sulphur Springs, W.V.GOLF — PGA Tour: The Wyndham Championship, Final Round, Sedgefield Country Club, Greensboro, N.C.3 p.m.CBS — PGA Tour: The Wyndham Championship, Final Round, Sedgefield Country Club, Greensboro, N.C...