Word: iras
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Dates: during 2000-2009
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...worry, though: there's no need to cash in your IRA quite yet. For one thing, today doesn't have the closest alignment of planets in 6,000 years; in fact, the alignment has often been closer, very much so in 1861. For another, the changing distance of the moon in its monthly orbit has many times the gravitational effect on the earth of all of the planets combined. One would thus expect this kind of "polar shift" several times a week...
...Some of its prominent members include former President of Boston University John Silber, former Bank Boston CEO Ira Stepanian, former Boston Herald GM Patrick Purcell, nightclub owner Patrick Lyons, hotelier Roger Saunders and P.R. consultant Pamela McDermott. They admitted their first black member in 1986. Despite being one of the first of the clubs to admit women, women still comprise a very small portion of its the overall membership: fewer than 100 out of 1,000 members...
Nope. You'll owe immediate income tax on the cost of every share you take out. It would be great if you could take possession of just the gain and roll the cost into an IRA. But that's like splitting an atom--an unnatural divide with explosive consequences...
...whole lot of highly appreciated employer stock in their 401(k) plans, and 2) despite a fair amount of press, confusion reigns concerning an IRS rule that permits people who retire or switch jobs to take possession of their company stock rather than roll it into an IRA...
Taking possession of employer shares can cut your tax bill. When you eventually sell, the profit is taxed as a capital gain at 20% for most people. An IRA distribution, on the other hand, is taxed as income--at up to 39.6%. Basic math, gang. Here are questions from my mail and answers, with an assist from Ed Slott, editor of Ed Slott's IRA Advisor. Ed has more on his website at irahelp.com To read my earlier column, see time.com/personal...