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1 Article
Source: Fox News

DCCC, 'deeply disturbed' by allegations against megadonor Ed Buck, vows to donate his recent contributions

Tuesday 03:20 GMT

The Democratic Congressional Campaign Committee (DCCC) announced Monday that it will reallocate recent donations from megadonor Ed Buck, saying it was "deeply disturbed" after a second dead man was recently found in his apartment.

"We are deeply disturbed by the allegations in this case which is why the DCCC has donated Mr. Buck’s contributions from the last election cycle to the NALEO Education Fund and the Joint Center for Political and Economic Studies for a program to improve diversity in Congressional staffing," DCCC spokesman Jared Smith told Fox News.

1 Article
Source: Common Domain

How the new tax law created a ‘perfect storm’ for Roth IRA conversions in 2019

Tuesday 21:50 GMT

The new Tax Cuts and Jobs Act (TCJA) makes Roth IRAs even more attractive and they can provide insurance against future tax rate increases that I think are almost inevitable.

Low current tax cost for converting + insurance against higher tax rates in future years on income that will accumulate in your Roth account = continuing perfect storm for the Roth conversion strategy. However, talk to your tax adviser before pulling the trigger on a conversion — just to make sure you’ve considered all the relevant factors.


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