Word: idea
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Dates: during 1990-1999
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...years before you'll need the money. If that's you, convert this year while the taxman is running a Roth special: you get to spread the tax liability over four years. But if you're near retirement and lean toward bonds or CDs, converting may be a bad idea. Analysis by accountants Grant Thornton shows that a couple in the 28% tax bracket ('98 income between $42,350 and $102,300) will need 22 years to come out ahead, assuming some state tax, a 15% federal-tax bracket in retirement and 6% average annual returns...
...were greatly curbed in 1986. In 20 years, predicts Robert Walsh, a tax professor at Marist College, if Social Security is bankrupt, "the politicians will see this huge pot of money called the Roth, and they won't be able to leave it alone." The Roth is a good idea for many people--and it sure has worked out well for the Senator. But if the taxman comes calling two decades hence, don't say I didn't warn...
...darned dull, little more than a dispenser of homilies and nostrums ("An eye for an eye will make the whole world go blind") with just the odd flash of wit (asked what he thought of Western civilization, he gave the celebrated reply, "I think it would be a great idea"). The real man, if it is still possible to use such a term after the generations of hagiography and reinvention, was infinitely more interesting, one of the most complex and contradictory personalities of the century. His full name, Mohandas Karamchand Gandhi, was memorably--and literally--translated into English...
...Victor Hugo put it, nothing is so powerful as "an idea whose time has come." And by the mid-'70s enough Tories were fed up with Heath and "the Ratchet Effect"--the way in which each statist advance was accepted by the Conservatives and then became a platform for a further statist advance...
...pettiness of the accusations speaks for itself. Gorbachev's Pizza Hut ads provoke particular ridicule, and while the idea is indeed amusing, they pay his rent. The scorn reminds me of how the Russian upper crust once castigated Peter the Great for being unafraid to roll up his sleeves and get his hands dirty. Amazingly, in our huge, multinational country, where the residents of St. Petersburg speak with a different accent from those of Moscow, Gorbachev's southern speech is held against...