Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $55,594
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Keyword: ira

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  • Police battle Irish nationalists for control of a Belfast road.

    07/12/2010 6:01:12 PM PDT · by Stayfrosty · 33 replies
    Yahoo! News ^ | Monday July 12, 2010 | SHAWN POGATCHNIK
    BELFAST, Northern Ireland – Police battled Irish nationalists for control of a Belfast road Monday as a day dominated by peaceful Protestant parades across Northern Ireland turned violent when night fell.
  • Is a Roth IRA Safe From Taxes?

    06/24/2010 10:35:02 AM PDT · by Qbert · 31 replies
    WSJ via Yahoo Finance ^ | 6/23/2010 | Laura Saunders
    Congress wouldn't tax Roth IRAs, would it? It is a burning question for thousands of taxpayers now deciding whether to pay taxes to convert their regular individual retirement accounts to Roth accounts. All taxpayers are eligible to make the switch, because this year the income limit of $100,000 was permanently repealed. Many have done so already: Fidelity Investments says that as of May 31, the firm had handled 87,000 Roth conversions this year, about four times the number for the same period last year. But dozens of less-convinced readers have asked Tax Report about Congress's intentions, and well-known IRA expert...
  • Pen gun owned by Lord Mountbatten to be sold

    06/20/2010 7:26:51 PM PDT · by James C. Bennett · 16 replies · 1+ views
    The Telegraph, UK ^ | 02 Jun 2010 | The Telegraph, UK
    A James Bond-style gun that is disguised as a pencil and was given as a gift to Lord Mountbatten is coming up for auction. The gold-plated item has a concealed trigger and a 2 3/4ins barrel that forms a .22 pistol and was presented to the last Viceroy of India by a Maharaja. The 'pencil pistol' makes up part of the personal sidearms that belonged to Lord Mountbatten, a World War II hero who was blown up by the IRA in 1979. He used some of them in World War II and they reputedly helped to preserve his life. Bill...
  • Private pensions to fund housing (Hold on to your shorts, IRAs & 401ks)

    05/29/2010 8:57:31 PM PDT · by Libloather · 24 replies · 767+ views
    Times Online ^ | 5/30/10
    Private pensions to fund housingPlan will offer lucrative returns on bonds linked to infrastructure projects May 30, 2010 The Scottish and UK governments are to target private pension funds to raise capital for public-sector infrastructure projects. Faced with swingeing budget cuts and a fall in bank lending, Alex Salmond and Vince Cable, the British business secretary, plan to offer private pension firms lucrative returns on government bonds linked to social housing, transport and green energy developments. Currently, many of the funds, worth about £1 trillion, are investing in American corporate bonds that offer a higher rate of return than UK...
  • Police probe N.Ireland car bomb (man also shot in face broad daylight)

    05/29/2010 8:54:23 PM PDT · by Stayfrosty · 3 replies · 321+ views
    CNN ^ | May 29th 2010 | CNN Wire Staff
    (CNN) -- Northern Ireland police said Saturday they were investigating a car bomb that exploded overnight in the city of Derry, about 70 miles northwest of Belfast.
  • Is Your IRA or 401K a Target of Government Appropriation? (YES!)

    05/22/2010 7:16:34 AM PDT · by Libloather · 66 replies · 2,614+ views
    Resource Investor ^ | 5/19/10 | Chris Blasi
    Is Your IRA or 401K a Target of Government Appropriation?Chris Blasi Published 5/19/2010 Will the laws and rules in place to protect individuals in their attempt to set something aside for retirement be safeguarded by the representatives elected to advocate for them in Washington? Will the principles and moral integrity of the political class keep them from appropriating the trillions of dollars held in 401k's and IRA's? I'm not so sure! While the answer is most likely yes, when one realizes the magnitude of the financial predicament the U.S. might well find itself in shortly, it is indeed, conceivable that...
  • Government Plans to Loot Your Retirement Account

    04/12/2010 8:45:17 PM PDT · by XHogPilot · 204 replies · 9,427+ views
    Capitalist Magazine ^ | 24 Mar 2010 | Sylvia Bokor
    The EBSA Proposed Rules is undisguised looting of employer and employee alike. In a proposal entitled EBSA Proposed Rules, the Labor and Treasury departments are requesting information from employers, employees, financial institutions and others regarding Retirement Accounts. They "are asking for public input about the use of annuities in defined-contribution plans, such as 401(k)s. . . . including the advantages and disadvantages of distributing benefits as a lifetime stream of income . . ." The 401(k) plan was created and is regulated by the government. It consists of two types of plans: the Defined Benefit and the Defined Contribution. In...
  • Car Bomb At Barracks In Belfast - Police

    04/11/2010 5:59:11 PM PDT · by rdl6989 · 50 replies · 1,146+ views
    Sky News ^ | April 11, 2010 | Andy Jack
    Police say a car bomb has exploded outside a British Army barracks in Northern Ireland. The blast was behind Palace Barracks in Holywood, Belfast, at 12.24am and is described as "ongoing". Reporting from the scene, Sky's Ireland correspondent Vicky Hawthorne said: "Police are not confirming this but there are unconfirmed reports of some injuries on the ground.
  • Phoebe Prince bullies live in fear amid death threats

    04/07/2010 5:31:20 PM PDT · by Niuhuru · 93 replies · 2,174+ views
    Irish Central ^ | Tuesday, April 6, 2010, 9:15 PM | By ANTOINETTE KELLY,
    Three of the nine teenagers accused of driving 15-year-old Irish immigrant Phoebe Prince to commit suicide have been ordered to stay away from her family. Sean Mulveyhill, 17, Austin Renaud, 18, and Kayla Narey, 17, were all freed today on personal recognizances as long as they left Phoebe's heartborken family alone. Judge Judd Carheart made the ruling in a brief arraignment which the three teenagers did not attend.
  • Murphy acquitted over Omagh bombing (Real IRA)

    03/03/2010 2:53:39 PM PST · by happinesswithoutpeace · 7 replies · 355+ views
    The Irish Times ^ | Thursday, February 25, 2010 | The Irish Times
    Murphy acquitted over Omagh bombing COLM MURPHY walked free from the Special Criminal Court in Dublin yesterday after he was cleared at a retrial of a conspiracy charge in relation to the 1998 Omagh bombing which killed 29 people and injured more than 300. Mr Murphy said after being acquitted of the charge: “I am glad to see it’s all over. Find out who was behind it – MI5 agents setting people up.” The three-judge non-jury court ruled that there was no evidence upon which the court could have convicted Mr Murphy after it ruled that all the evidence of...
  • US Labor Department rules to improve retirement security announced

    02/26/2010 4:28:07 PM PST · by mdittmar · 14 replies · 685+ views
    PR Newswire ^ | Feb. 26,2010 | U.S. Department of Labor
    Rules enhance retirement advice and transparency for workersWASHINGTON, Feb. 26 /PRNewswire-USNewswire/ -- Today, at a White House forum hosted by Vice President Joe Biden, the U.S. Department of Labor announced two new rules designed to enhance retirement security and transparency for the millions of workers covered by 401(k), pension and other retirement arrangements.  The announcement was part of the White House Middle Class Task Force's year-end report, which the vice president released at this morning's event. During the past year, the Middle Class Task Force has focused on solutions to the challenges facing America's middle class — including retirement security...
  • Class Warfare's Next Target: 401(k) Savings

    02/18/2010 8:03:31 AM PST · by Red Badger · 114 replies · 4,337+ views
    Investor's Business Daily ^ | 2-17-2010 | By NEWT GINGRICH AND PETER FERRARA
    You did the responsible thing. You saved in your IRA or 401(k) to support your retirement, when you could have spent that money on another vacation, or an upscale car, or fancier clothes and jewelry. But now Washington is developing plans for your retirement savings. BusinessWeek reports that the Treasury and Labor departments are asking for public comment on "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams." In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit...
  • Class Warfare's Next Target: 401(k) Savings

    02/17/2010 5:40:59 PM PST · by Kaslin · 173 replies · 4,781+ views ^ | February 17, 2010 | NEWT GINGRICH AND PETER FERRARA
    You did the responsible thing. You saved in your IRA or 401(k) to support your retirement, when you could have spent that money on another vacation, or an upscale car, or fancier clothes and jewelry. But now Washington is developing plans for your retirement savings. BusinessWeek reports that the Treasury and Labor departments are asking for public comment on "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams." In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit...
  • Troops deliver wheelchairs to disabled Iraqis

    02/16/2010 7:24:08 PM PST · by SandRat · 1 replies · 208+ views
    U.S. Forces Iraq ^ | Sgt. Samantha Beuterbaugh, USA
    BAGHDAD – U.S. Soldiers here with the 4th Stryker Brigade Combat Team, 2nd Infantry Division, delivered handcrafted wheelchairs to two disabled Iraqis in the Aqur Quf area of the capital city, Feb. 10. Three weeks ago, the two disabled Iraqis were pointed out by local shaykhs, said 1st Lt. Steven DeWhitt, a San Jose, Calif., native and platoon leader with Headquarters and Headquarters Company, 1st Battalion, 38th Infantry Regiment. Members of the embedded Provincial Reconstruction Team and the U.S. Agency of International Development helped the shaykhs coordinate with U.S. forces to have the two wheelchairs delivered. The recipients of the...
  • The Treasury Is Soliciting Your Feedback Regarding The Proposed Annuitization Of 401(k)

    02/01/2010 1:24:06 PM PST · by Cheap_Hessian · 37 replies · 1,503+ views
    ZeroHedge Blog ^ | February 1, 2010 | Tyler Durden
    Yes, slowly but surely it is happening. In a federal notice filed earlier, the DOL and Treasury are soliciting a response on what has been on many investors' mind, namely the process of converting 401(k)s into annuity-like products. To wit: The Department of Labor and the Department of the Treasury (the "Agencies") are currently reviewing the rules under the Employee Retirement Income Security Act (ERISA) and the plan qualification rules under the Internal Revenue Code (Code) to determine whether, and, if so, how, the Agencies could or should enhance, by regulation or otherwise, the retirement security of participants in employer-sponsored...
  • The Unloved Annuity Gets a Hug From Obama

    01/30/2010 4:50:00 AM PST · by abb · 47 replies · 1,228+ views
    The New York Times ^ | January 29, 2010 | Ron Lieber
    Annuities: The official retirement vehicle of the Obama administration. As slogans go, it’s hardly “Keep Hope Alive,” or even “Change We Can Believe In.” But there were annuities, in a report from the administration’s Middle Class Task Force that came out this week. They are among the tools the administration is promoting as it tries to give Americans a better shot at a more secure retirement. At its simplest, which is how the White House seems to want to keep it, an annuity is something you buy with a large pile of cash in exchange for a monthly check for...
  • When can I withdraw my 401(k) Funds

    01/28/2010 3:55:00 PM PST · by pfflier · 17 replies · 980+ views
    I am 59 years old. (People who know me are truly amazed I made it this far). Anyway, I've been all over the internet trying to find out...when exactly am I am 59 1/2 years old. I know that is the magic number for tapping into the 401(k) and IRA without having to pay a penalty for early withdrawal.The simplest guess would be the six month anniversary of my birthday. Does the IRS consider that the day? Or could it be just six months after my birth month? Could it be the 180th calendar day after my birthday? Or the...
  • To Roth or not to Roth?

    01/24/2010 11:20:52 AM PST · by Graybeard58 · 32 replies · 1,279+ views
    Waterbury Republican-American ^ | January 24, 2010 | Eileen Ambrose
    The buzz in the financial industry right now is about Roth IRA conversions. Starting this year, there is no longer an income cap to convert a traditional individual retirement account or 401(k) into the tax-friendly Roth. Essentially, everyone now has access to a Roth. Congress did this to generate tax revenue. Contributions to a traditional IRA and 401(k) are often made with dollars that haven't been taxed yet. When you convert an account to a Roth, you must pay regular income tax on the amount being converted. Once in the Roth, though, your money and any earnings can be withdrawn...
  • Obama to meddle with your retirement accounts?

    01/14/2010 7:16:44 PM PST · by antidemoncrat · 42 replies · 1,565+ views
    World Net Daily ^ | 1/14/09 | Jerome R. Corsi
    The Obama administration appears to have come up with a novel way of financing trillion-dollar budget deficits – demanding IRA and 401(k) holders buy trillions of dollars in Treasury bonds.
  • The Coming Confiscation of Retirement Accounts

    01/09/2010 9:46:42 AM PST · by Captain Peter Blood · 78 replies · 3,822+ views
    Stephen A. McIntyre | 01/09/2010 | Stephen A. McIntyre
    About a year ago I saw an article about the Argentinean Government proposing a bill that would in effect nationalize all of their 401K/IRA type retirement accounts. Well as of November, 2009 that has now become a reality, over $29 Billion in retirement accounts have now been seized by the Government and they will use that money to pay down debt. As I remember the plan the poor owner of that account would get Government issued bonds that will pay between 2 and 3% to replace those monies the government takes. You can read this article from the London Telegraph...