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☆ For retirees, here's what to do with required withdrawals when you don't need the money
▼ + stars: | 2024-10-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Skynesher | E+ | Getty ImagesFor some retirees, the deadline to take required withdrawals from retirement accounts is approaching — and those who don't need the money have options, experts say. Since 2023, most retirees must take required minimum distributions, or RMDs, from pre-tax retirement accounts starting at age 73. Brokerage assets could be subject to capital gains taxes, whereas pre-tax retirement funds incur regular income taxes. Unlike mutual funds, most ETFs don't distribute capital gains payouts, which can save brokerage account investors on annual taxes. There's no charitable deduction, but QCDs don't count toward adjusted gross income, meaning retirees don't need to itemize tax breaks to claim it.

Persons: Judy Brown, you'll, Berkemeyer, You'll, Karen Van Voorhis, Daniel J, Galli, QCDs, It's Organizations: SC, H, D.C, Abrin, Goodman Financial, Galli & Associates, Galli & Locations: Washington, Baltimore, Houston, Norwell , Massachusetts

☆ TTI's supply chains are positioned for flexibility no matter who is in the White House: CEO
▼ + stars: | 2024-03-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTTI's supply chains are positioned for flexibility no matter who is in the White House: CEOJoe Galli, CEO of Techtronic Industries says there is huge potential in customer conversion to cordless power tools regardless of economic fluctuations.

Persons: Joe Galli Organizations: Techtronic Industries

☆ For a Seasonal Taste of Milan: Candied Chestnuts
▼ + stars: | 2023-11-23 | by ( Kerry Olsen | ) www.nytimes.com time to read: +1 min

But a more accessible route is to purchase a box of marrons glacés — a classic European sweet, also called candied chestnuts — from Giovanni Galli 1911, a longtime confectioner that still produces the seasonal delicacies by hand. Its nondescript white boxes with Galli’s name printed in the original turn-of-the-century typeface appear on smart dining tables here once fall arrives. And agonizingly slow-moving lines form outside the store throughout December, although online sales have helped a bit with that situation. (The season for marrons glacés lasts through Easter.) One wonders what the dentist would think.

Persons: Giovanni Galli, Via Victor Hugo, Federico Galli, glacés Organizations: marrons, Via Locations: Easter

☆ Here's an exclusive look at the 17-slide presentation that startup Jude used to raise $4.24 million to help boomers who need bladder help
▼ + stars: | 2023-09-21 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Move over, millennials: one startup founder is betting big that baby boomers are a largely untapped goldmine for discreet undergarments and supplements. With the seed funding, Jude plans to expand into the U.S., selling at the intersection of bladder care, senior healthcare, and women's health. The combination of healthcare, eldercare, and women's health proved to be crucial when Jude tried to line up investors. Take a look at the 17-slide presentation Jude used to raise $4.24 million in seed funding. Jude - healthcare brand for a new age JudeJudeJudeJudeJudeJudeJudeJudeJudeJudeJudeJudeJudeJudeJudeJude

Persons: Jude, Eka, Fiono Pathiraja, Christa Galli, Peony Li, Jude Jude Jude Jude Jude Jude Jude Jude Jude Jude Jude Jude Jude Jude Jude Jude Organizations: Christa Galli Ventures Locations: Samos, London, U.S

☆ Your 401(k) could have these hidden risks, experts say. Here’s what employees need to know
▼ + stars: | 2023-09-14 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

mapodile / GettyAfter several interest rate hikes from the Federal Reserve, many have braced for stock market volatility in their 401(k) plans. But experts say some plans could face another risk: employer bankruptcy. The risks of guaranteed interest accountswatch nowGalli said there's also a hidden risk with "guaranteed interest accounts," a common 401(k) asset that provides interest for a set amount of time. When a 401(k) plan shuts down, employees may see "adjustments" to their guaranteed interest accounts, which reduce the assets' value. Consider rolling over old 401(k) accounts

Persons: Dan Galli, Daniel J, Galli, Ashton Lawrence, there's Organizations: Getty, Federal Reserve, Galli & Associates, Ashton, Mariner Wealth Advisors Locations: Norwell , Massachusetts, Greenville , South Carolina

☆ IRS delays change for 401(k) catch-up contributions. Here's what higher earners need to know
▼ + stars: | 2023-08-28 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Terry Vine | Getty ImagesHigher earners who maximize retirement savings now have more time for pretax catch-up 401(k) contributions, thanks to new IRS guidance. Currently, "catch-up contributions" allow savers 50 and older to funnel an extra $7,500 into 401(k) plans and other retirement plans beyond the $22,500 employee deferral limit for 2023. But the IRS on Friday announced a two-year delay for the change, meaning savers can still make pretax catch-up contributions through 2025, regardless of income. "The administrative transition period will help taxpayers transition smoothly to the new Roth catch-up requirement," the IRS said in a statement. Some 16% of eligible employees took advantage of catch-up contributions in 2022, according to a recent Vanguard report based on roughly 1,700 retirement plans.

Persons: Terry Vine, Roth, Dan Galli, Daniel J, Galli, Diann Howland Organizations: IRS, Galli & Associates, Associates, American, Council Locations: , Massachusetts

☆ Power tool demand is 'split' among U.S. consumers post-pandemic: TTI CEO
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPower tool demand is 'split' among U.S. consumers post-pandemic: TTI CEOTechtronic Industries CEO Joseph Galli explains the shift in power tool usage and demand in the U.S. after the Covid-19 pandemic.

Persons: Joseph Galli Organizations: Techtronic Locations: U.S

If you're 50 or older, you can funnel extra money into your 401(k), known as "catch-up contributions." But starting in 2024, higher earners can only make 401(k) catch-up contributions to after-tax Roth accounts, which don't provide an upfront tax break but the funds can grow levy-free. Fund pretax catch-up contributions for 2023Guarino urges higher earners to fund pretax catch-up contributions in 2023 while they still can because it provides a bigger tax break. Change provides tax diversificationWhile some higher earners will lose a tax break, the catch-up contribution change is "not necessarily a bad thing," according to Dan Galli, a CFP and owner at Daniel J. Galli & Associates in Norwell, Massachusetts. Preparing for the catch-up contribution change

Persons: Peter Cade, deferrals, Roth, Jim Guarino, Baker Newman Noyes, Guarino, they've, Dan Galli, Daniel J, Galli, John Loyd Organizations: Getty, Galli & Associates Locations: Woburn , Massachusetts, Norwell , Massachusetts, Fort Worth , Texas

"We've got this window of low taxes here," said certified financial planner Dan Galli, owner at Daniel J. Galli & Associates in Norwell, Massachusetts. Former President Donald Trump's signature tax overhaul temporarily shifted individual income tax brackets by reducing the rates and applicable income levels. "It's a fascinating time to look at how you want to blend or sequence your income in retirement," Galli added. If you're 59½ or older, you can start taking withdrawals from pre-tax retirement plans without incurring a penalty. While you'll still owe regular income taxes, those rates may be lower through 2025, he said.

☆ Paraguay election result calms fear of another Taiwan ally falling (for now)
▼ + stars: | 2023-05-01 | by ( Lucinda Elliott | ) www.reuters.com time to read: +3 min

ASUNCION, May 1 (Reuters) - News of Santiago Pena's election victory in Paraguay will be cheered by officials in Taiwan, which faces an uphill battle against China's economic muscle to keep its remaining 13 allies worldwide, including its last in South America. "This is a relief to Taipei," a senior European diplomat told Reuters in Asuncion asking not to be named. Taiwan's embassy in Paraguay congratulated Pena for winning the election and said it would continue to work on the two countries' "fruitful relationship". Pena's victory - and a strong performance in congressional elections by the ruling conservatives - has dampened hopes of a swift foreign policy shift, Galli said. Rubén Ramírez, a former foreign minister for Paraguay told Reuters that discussions over the Taiwan relationship must remain a priority when the new government is sworn in.

☆ Taiwan or China? Paraguay's dilemma puts election race in the spotlight
▼ + stars: | 2023-04-24 | by ( Lucindaalice Elliott | Daniela Desantis | ) www.reuters.com time to read: +5 min

[1/2] Paraguayan presidential candidate Santiago Pena from ruling Colorado Party, attends his campaign rally, in Asuncion, Paraguay April 18, 2023. REUTERS/Cesar OlmedoASUNCION, April 24 (Reuters) - From Paraguayan capital Asuncion to Taipei and Washington, diplomats, officials - and farmers - are closely watching a tight election race that could determine Paraguay's future ties with Taiwan. "How can I deny a relationship that is beneficial for all Paraguayans, a people that need development, need investment, need industry?" China has long argued that democratically-ruled Taiwan is part of its own territory with no right to state-to-state ties, a position Taipei strongly rejects. 'WHEN, NOT IF'Among diplomatic circles in Asuncion there is a sense a switch is inevitable - regardless of the election outcome.

☆ We've taken market share from our competitors for 14 years, says power tool company
▼ + stars: | 2023-03-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've taken market share from our competitors for 14 years, says power tool companyJoseph Galli, CEO of Techtronic Industries, says it's been focused on cordless power tools for the last 15 years.

☆ Here's how after-tax 401(k) contributions can help with those big retirement savings goals for 2023
▼ + stars: | 2023-02-28 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Morsa Images | E+ | Getty ImagesThe difference between after-tax and Roth accountsAfter-tax 401(k) contributions are different than Roth 401(k) savings. For 2023, if you're under 50, you can defer up to $22,500 of your salary into your plan's regular pretax or Roth 401(k) account. The percentage of plans offering a Roth 401(k) saving option has surged over the past decade. watch nowHowever, some plans offer additional after-tax contributions to your traditional 401(k), which allows you to save more than the $22,500 cap. In 2021, roughly 21% of company plans offered after-tax 401(k) contributions, compared to about 20% of plans in 2020, the survey found.

☆ Exclusive: Paraguay election race puts Taiwan ties on a knife-edge
▼ + stars: | 2023-01-05 | by ( Daniela Desantis | ) www.reuters.com time to read: +5 min

Paraguay is one of only 14 nations globally that retains diplomatic ties with Taiwan and the only South American country to do so. "Paraguay must have relations with China," Alegre said in a recent interview after being named presidential candidate. "We hold this critical position towards relations with Taiwan because we don't think we get enough back from this relationship." Santiago Pena, the Colorado Party candidate, said Paraguay's over six decades of ties with Taiwan would remain intact if he won the April 30 vote. "What we produce is enough for a neighborhood in a city in China, but what interests (Beijing) is us breaking ties with Taiwan.

☆ There’s still time to reduce your 2022 tax bill with these last-minute moves
▼ + stars: | 2022-12-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Getty ImagesThere's still time to reduce your 2022 tax bill or boost your refund, but the last chance for certain strategies is fast approaching, according to financial experts. And the deadline for many tax-slashing moves is Dec. 31, leaving limited time amid the busy holiday season. After reducing your 2022 investment gains, you can use additional losses to lower regular income by $3,000 and carry the remaining losses forward to future tax years. watch nowOf course, you'll want to know how the conversion affects your 2022 taxes because more adjusted gross income may trigger higher Medicare premiums, among other tax consequences. For 2022, the standard deduction is $12,950 for individuals and $25,900 for married couples filing together.

☆ Apple made a big move into women’s health just as startups go through a funding winter. 4 health investors and founders predict who’ll survive.
▼ + stars: | 2022-12-07 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

The tech giant's moves into women's health coincides with a funding winter for startups in the sector. Insider spoke to VCs about the challenges and opportunities this creates for women's health startups. When Apple rolled out the Apple Watch Series 8 in September this year, it cemented its growing footprint in the global women's health market. The aim is to give consumers a more consolidated view of their health data, an Apple representative said — but it's a step that could spell trouble for women's health startups. Funding into women's health has taken a dipThe tech giant's gradual monopoly over health data comes at a time when its apparent competitors — consumer women's health startups — are feeling the tech downturn.

☆ Refilling next summer will be difficult, Greek national gas operator CEO says
▼ + stars: | 2022-11-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRefilling next summer will be difficult, Greek national gas operator CEO saysDESFA CEO Maria Rita Galli discusses Greek gas supply and storage levels heading into the first winter since the start of the war in Ukraine.

☆ There's still time for big savers to use 'after-tax contributions' to funnel more into 401(k) plans for 2022
▼ + stars: | 2022-10-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

BartekSzewczyk | GettyAfter-tax versus Roth accountsAfter-tax contributions are different than Roth 401(k) plans. For 2022, if you're under 50, you can defer up to $20,500 of your salary into your plan's regular pretax or Roth 401(k) account. The percentage of plans offering a Roth 401(k) saving option has surged over the past decade. watch nowHowever, some plans offer additional after-tax contributions to your traditional 401(k), which allows you to save more than the $20,500 cap. In 2021, roughly 21% of company plans offered after-tax 401(k) contributions, compared to about 20% of plans in 2020, the survey found.

În cadrul Zilei Ușilor Deschise la Facultatea Textile și Poligrafie elevii din clasele absolvente din diferite localități ale țării, conectați online la eveniment, au avut ocazia să descopere fascinanta lume a unor specialități aflate la granița dintre știință, tehnică şi artă. univ., dr. Svetlana CANGAȘ; șefa Departamentului Design și Tehnologii în Textile și Poligrafie, conf. univ., dr. Marcela IROVAN; pe șefii programelor de studii: „Tehnologia și designul confecțiilor textile” (TDCT) – conf. univ., dr. Olga SUGAC; „Design și tehnologii poligrafice” (DVP) – conf. Cu un original cuvânt de salut a venit și dna Carolina TULGARA, directoarea Centrului de Excelență și Accelerare în Design și Tehnologii „ZIPhouse”, care a făcut o amplă prezentare a acestei importante componente a FTP.

Persons: Sergiu TRONCIU, Svetlana CANGAȘ, Marcela IROVAN, . Olga, ., Alina TOCARCIUC, Mihaela, Valentina, Natalia MORARU, JANU, Florence, Como Aldo Galli, Carolina TULGARA Organizations: OPEN, UTM, Facebook, Internazionale Fashion Design, Universitatea din, Universitatea Locations: Textile, Poligrafie, masterand, di Belle, Como, Italia, Universitatea din Lisabona, Portugalia, Universitatea ST, Ambrose, Iowa, SUA, Universitatea din Oradea, România, Ușoară, Bălți

☆ Medici acuzaţi de omor în Italia, după ce un militar a murit la câteva ore după ce s-a vaccinat cu AstraZeneca
▼ + stars: | 2021-03-24 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Procurorul sicilian Gaetano Bono care anchetează cazul a ordonat, de asemenea, „ca măsură de precauţie”, sechestrarea a zeci de mii de vaccinuri din lotul din care a făcut parte doza administrată militarului, decizie care a provocat furia cadrelor medicale, scrie digi24.ro. Ulterior, Agenţia Europeană a Medicamentului a decis că vaccinul AZ „este sigur şi eficient”. În acest caz, procuroarea Teresa Angela Camelio, a ordonat sechestrarea a 393.600 de doze de vaccin. În ambele cazuri (Siracuza şi Biella), procurorii au refuzat să spună cât va dura ancheta. Procurorul italian Gaetano Bono, care anchetează cadrele medicale din Siracuza, a recunoscut că s-a vaccinat şi el în prealabil cu AstraZeneca şi a precizat că nu a avut niciun fel de emoţii, dar că „o anchetă trebuie să-şi urmeze calea, indiferent de ce crede opinia publică”.

Persons: Reuters, Gaetano Bono, Italia îşi, Guvernul, procuroarea Teresa Angela Camelio, Massimo Galli Organizations: Medicamentului Locations: Italia, Siracuza, Siciliei, AstraZeneca, AZ, UE, Lombardia, Italiei, Biella, Siracuza şi Biella, Milano

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