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Top related persons:
Derek Williams - 1 Pretax - 1 CFP Michael Lofley - 1 Lofley - 1 There's - 1
Top related locs:
Cary , North Carolina Stuart , Florida
Top related orgs:
Veratis Advisors - 1 CNBC - 1 CFP - 1 HBKS - 1

Search resuls for: "Derek Williams"


2 mentions found


☆ IRS: There's a key deadline approaching for required minimum distributions
  + stars: | 2024-12-11 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +2 min
Pretax RMDs boost your adjusted gross income, which can cause higher Medicare Part B and Part D premiums, among other tax consequences, he said. Your RMD is based on your pre-tax retirement balance as of Dec. 31 from the previous year. For 2024, the calculation divides your 2023 pretax balance by an IRS life expectancy factor. The penalty falls to 10% if the RMD is "timely corrected within two years," according to the IRS. There's been a higher standard deduction since 2018, and only about 10% of taxpayers itemized tax breaks on 2021 returns, according to the most recent IRS filing data.
Persons: Derek Williams, Pretax, CFP Michael Lofley, Lofley, There's Organizations: Veratis Advisors, CNBC, CFP, HBKS Locations: Cary , North Carolina, Stuart , Florida
☆ Yellen promise on community bank deposits sparks relief in small-town America
  + stars: | 2023-03-22 | by ( David Lawder Douglas Gillison | David Lawder | Douglas Gillison | ) www.reuters.com   time to read: +4 min
While big banks have dominated headlines, the country's 4,258 community banks, which are more risk-averse, account for more than 90% of all chartered banks. Her comments marked a shift in emphasis to include community banks that were not mentioned in her earlier testimony. "The community banks in this country, we know, are strong and resilient. Yellen's shift to include community banks "was certainly better, it was an attempt for her to kind of restate what she was saying and acknowledging the importance of the community banks," Williams said. Community banks play an important political role.
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