'Changed history': Gore, environmentalists, react to landmark climate change bill
With passage of the Inflation Reduction Act (IRA) by the House of Representatives on Friday, the U.S. Congress passed a significant effort to address climate change for the first time ever. President Biden indicated he would sign the bill into law this week.news.yahoo.com
Senate passes climate, tax and health care package
After long negotiations and more than 24 hours of voting, the Senate passed a spending bill aimed at tackling climate change, reducing drug costs and addressing inflation on Sunday along strict party lines. Congressional correspondent Nikole Killion details path to the final vote.news.yahoo.com
How eligible seniors can deduct charitable donations
If you are 70 ½ and older, you can use your IRA to make tax-advantaged charitable contributions, known as Qualified Charitable Distributions. The taxable income generated by taking the money out of your IRA is offset by subtracting the QCD from your reported retirement income. QCDs are nowhere as well-known as they should be. Solicitation season is a great time to start thinking about them.washingtonpost.com
2 men charged with murder of Lyra McKee, a well-known Northern Irish journalist
McKee was an increasingly influential journalist who had written powerfully about growing up gay in Northern Ireland and the struggles of the generation of "cease-fire babies" raised after the 1998 Good Friday peace accord.cbsnews.com
How a Berkshire Hathaway money manager became a retirement fund multi-millionaire
Now a deputy for Warren Buffett's Berkshire Hathaway, Ted Weschler was a little-known money manager when he started building what became a $264 million retirement account. Taking full advantage of an earlier employer’s match was key.washingtonpost.com
Racial tensions roiling US pose target for election meddling
The goal, part of the Russian playbook for decades, was to sow chaos by posting content on both sides of the racial divide. Indeed, no single group of Americans was targeted by IRA information operatives more than African-Americans, concluded a report from the Senate intelligence committee. They fear the Trump administration's decision to limit what it tells Congress and by extension the American people about election threats will allow the propaganda to spread. The intelligence statement did not offer specifics about what tactics Russia is using, but the past provides important clues. What people need to be looking for is stuff that is seemingly trying to get a rise out of them, Jankowicz said.
Why 2020 may be the best year to borrow from your retirement
Houston – With so many people unemployed, many are considering pulling money out of retirement plans to pay bills. Why 2020 is the best year to borrow from retirement plansThe federal CARES Act includes provisions that make it easier and less punitive for people who have been impacted by COVID-19 to take money out of their IRAs, 401ks and other qualified plans. Until the end of 2020, you can withdraw up to $100,000 from a qualified retirement account with no 10% penalty. Proceed with CautionDon’t think of this as a free pass to use your retirement money if your income has not been impacted by COVID-19. If you can’t provide that, you will likely have to pay the taxes and penalty on the money you took out.