...WIND ADVISORY IN EFFECT UNTIL 7 PM EST THIS EVENING...
* WHAT...Northwest winds 15 to 20 mph with gusts between 35 and 40
mph.
* WHERE...Portions of central, east central, north central,
northeast, northwest, southeast, and west central Georgia.
* WHEN...Until 7 PM EST this evening.
* IMPACTS...Gusty winds will blow around unsecured objects. Tree
limbs could be blown down and a few power outages may result.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Winds this strong can make driving difficult, especially for high
profile vehicles. Use extra caution.
&&
Many individuals who are saving for retirement favor Roth IRAs over traditional IRAs because the former allows for both accumulation of account earnings and post-retirement distributions to be tax-free. In comparison, contributions to traditional IRAs may be deductible, earnings are tax-deferred, and distributions are generally taxable. Anyone who has compensation can contribute to a traditional IRA (although the deduction may be limited). However, not everyone is allowed to make a Roth IRA contribution.
High-income taxpayers are limited in the annual amount they can contribute to a Roth IRA. The maximum contribution for 2023 is $6,500 ($7,500 if age 50 or older). The allowable 2023 contribution for joint-filing taxpayers phases out at an adjusted gross income (AGI) between $218,000 and $228,000 (or an AGI between $0 and $9,999 for married taxpayers filing separately). For unmarried taxpayers, the phase-out is between $138,000 and $153,000.
William G. Lako, Jr., CFP®, is a principal at Henssler Financial and a co-host on “Money Talks”—your trusted resource for your money, your future, your life—airing Saturdays at 10 a.m. on AM 920 The Answer. Mr. Lako is a CERTIFIED FINANCIAL PLANNER™ professional.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.