Delay Your First RMD and the IRS Makes You Take Two in One Year. These 3 ETFs Keep the Tax Hit From Compounding
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You turned 73 last year, looked at your traditional IRA balance, and decided to push your first Required Minimum Distribution to the April 1 deadline instead of taking it by December 31. Smart in theory. The problem: that April 1 grace period only applies to your first RMD.
Currency traders hedge dollar positions ahead of Federal Reserve speech
The US dollar is entering one of those weeks where nobody wants to be caught leaning too far in either direction. Currency traders are piling into hedges ahead of Federal Reserve Chairman Kevin Warsh’s upcoming speech at the Kansas City Fed’s annual Jackson Hole Economic Policy Symposium on August 28, with FX strategists warning that the event represents a significant risk catalyst for both bond and currency markets.
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Read MoreThe Burst
Market Commentary: Is It Time To Buy Bitcoin?
It seems that Grayscale’s spot Bitcoin ETF has been in regulatory limbo longer than a Siberian Winter due to the Securities and Exchange Commission’s (SEC) hesitance to green-light it and that’s translating to frenetic moves in crypto once again.
In a recent decision, the SEC was ordered by a U.S. appeals court to review Grayscale’s application for a spot Bitcoin ETF.
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Read MoreThe Ivy
Elon Musk Claims United States Will Be Bankrupt, Now What?
The US debt now sits at $34 trillion and is growing by about $1 trillion every 100 days. A statistic came out recently that claimed 76% of all personal income tax is now going to service the national debt.
It’s for that reason Musk recently made the claim that the US is headed for bankruptcy.
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