WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?

 

Another late BUZZ.
 
* The IRS has announced “Those impacted by Idalia qualify for tax relief; Oct.16 deadline, other dates postponed to Feb. 15”.
 
* This item from KIPLINGER.COM suggests something I have been recommending for years – “How to Jump-Start Your Kids’ Retirement Savings” -
 
“A simple strategy that parents can implement to jump start their children’s retirement savings is to help them fund a Roth IRA.”
 
For example (highlight is mine) -
 
“Assume they {or rather you as their parent – rdf} contribute $3,000 a year as a high school junior and senior, and $6,000 a year during all four years of college (so $30,000 in total contributions). If they earn a 6.8% annual return from ages 16 to 40, 6.4% from ages 41 to 60 and 6.1% after age 60 (the expected returns from 80% stock, 70% stock and 60% stock allocations, respectively), they’d have more than $600,000 of tax-free retirement savings by age 65, which could yield more than $21,000 of sustainable tax-free income throughout retirement.”
 
* Another weather disaster related post.  Kay Bell reports “Alaska, Illinois taxpayers in spring/summer disaster areas now have Oct. 31 tax deadline” at DON’T MESS WITH TAXES.
 
* My latest BOBSERVATIONS post – “Just Plain Stupid” – calls a spade a shovel.
 
* Let’s end with a Kay Bell double play.  Kay explains “Being the boss tax basics”.
 
THE LAST WORD –
 
This bears repeating. 
 
Extreme fundamentalist Christians are just as dangerous as extreme fundamentalist Muslims – and today a much greater danger and threat to America and American democracy.
 
TTFN