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(NaturalNews) Scientists in South Korea have reportedly made a breakthrough toward harnessing an unlimited source of safe and clean energy via nuclear fusion. The Korean Superconducting Tokamak Advanced Research (KSTAR) reactor apparently set a world’s record recently by holding superheated plasma in a steady state for 70 seconds. If implemented into widespread use, the nuclear... |
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(NaturalNews) Our world is so twisted today that “fake news” is deliberately written by the Washington Post and New York Times to sound like it’s real, but real news is so bizarre that it seems fabricated at first glance. Such is the case with California’s new law — SB 1322 — that officially legalizes child... |
With so much going on ( election, political turmoil, hurricanes), you may have missed the latest in diabetes news this week. Not to worry! We’ve got you covered with the Diabetes Health Weekly Roundup to share the latest news, podcasts …
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This crossword puzzle was inspired by this week’s news and podcast reports. Play along with us to test your knowledge and comprehension on topics we post Monday-Friday.
Please click the link below to download this week’s Diabetes …
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(NaturalNews) (NaturalNews) Medical laboratory company Quest Diagnostics has announced that hackers gained access to its mobile app in later November, stealing the personal health information of 34,000 people. The company has directly contacted the patients affected. It’s no wonder that Quest Diagnostics was an alluring target for hackers. It is a Fortune 500 company that... |
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(NaturalNews) Responding to widespread and growing concern about heavy metals in personal care products, the U.S. Food and Drug Administration (FDA) recently issued a new draft guidance recommending lower limits for lead in many popular cosmetic products, including lipsticks, lip glosses, lip liners, eye shadows, blushes, body lotions, and shampoos. While not binding, the recommendation... |
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(NaturalNews) To have the partner cut the umbilical cord after birth is a common tradition for parents in our culture. To some, it plays a symbolic role in the birth process. Separating the baby from the placenta and welcoming him or her into the world is a ritual that is often completed in a matter... |
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(NaturalNews) Nine former Whole Foods managers have filed a class-action lawsuit in federal court against the grocery chain, alleging that they were fired for whistleblowing activities regarding a company bonus program. The plaintiffs say they were cheated out of their shares of the bonus program by the company, and were fired when they complained about... |
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(NaturalNews) I’m not in the habit of complaining at the outset of a column, but I’ve taken on a nearly impossible task — figuring out which, of the hundreds of new California laws about to go into effect, are the stupidest. (Article by Assemblyman Tim Donnelly, republished from BreitBart.com) Don’t laugh. I’m serious. It’s really,... |
For those of us who actually live in rustic homes in cold climates, the household items that define the ‘hygge’ decorating trend are a matter of survival.
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(NaturalNews) In Magnolia, Texas, it is now a felony crime to walk your own children home from school. Er, I mean the “government indoctrination center.” Seriously, parents can now be charged with serious crimes for merely meeting their children at the school and walking them home. “The principal has decided that no matter how close... |
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(NaturalNews) Canada has announced new changes aimed at making the nutrition labels on packaged foods easier for consumers to understand. While many people are commending their efforts, critics feel the new measures don’t quite go far enough. The point of the changes, according to Health Canada, is to make it easier for people to make... |
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(NaturalNews) British researchers claim they have confirmed that aluminum plays a strong role in the onset of Alzheimer’s disease. Dementia and Alzheimer’s disease are now the leading causes of death around the world, superseding heart disease. More than 5 million persons in the U.S., where it is the sixth leading cause of death, have been... |
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(NaturalNews) It may be the world’s largest technology giant and retailer, but many of Amazon’s workers appear to be living like they were deployed in a war zone: In tent cities. As reported by the UK’s Courier newspaper (why hasn’t an American media outlet reported on this—like Amazon founder Jeff Bezos’ Washington Post, which he... |
A shocking 17 times more people die from cold than heat each year, according to Lancet study.
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From tiny houses to busy bees
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I write many food articles each year, but these are the ones that really stood out for me.
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Click here to listen to today’s Diabetes Health in the News Podcast!
According to a new study, altering the way that you cook could reduce your risk of developing type 2 diabetes.
Poaching, steaming, and boiling foods are …
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(NaturalNews) Excuse the brevity of this entry, but there’s not enough time to detail all the evil that’s unfolding right now. Suffice it to say that Obama is right now attempting to start a raging war before he leaves office. There are two types of attempts he’s making: 1) War with Russia, and 2) War... |
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(NaturalNews) British researchers claim they have confirmed that aluminum plays a strong role in the onset of Alzheimer’s disease. Dementia and Alzheimer’s disease are now the leading causes of death around the world, superseding heart disease. More than 5 million persons in the U.S., where it is the sixth leading cause of death, have been... |
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(NaturalNews) It may be the world’s largest technology giant and retailer, but many of Amazon’s workers appear to be living like they were deployed in a war zone: In tent cities. As reported by the UK’s Courier newspaper (why hasn’t an American media outlet reported on this—like Amazon founder Jeff Bezos’ Washington Post, which he... |
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(NaturalNews) Canada has announced new changes aimed at making the nutrition labels on packaged foods easier for consumers to understand. While many people are commending their efforts, critics feel the new measures don’t quite go far enough. The point of the changes, according to Health Canada, is to make it easier for people to make... |
I write many food articles each year, but these are the ones that really stood out for me.
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The changing from one year to the next is always when we look to evaluate our past year and dream of what the new year will bring. While I’m not a huge fan of new year’s resolutions, I do believe in setting SMART goals to achieve the results you want. Whether it’s in your personal life, your career, your business, or your personal finances, you should have a goal to go after.
But what if you don’t know what goal you’d like to set? To help, I asked 10 financial experts to share their own financial success stories from 2016. With a great variety of personal successes here, I’m sure you’ll find something that resonates with your own situation and inspires you to set a goal to improve your finances in 2017.
My biggest financial success in 2016 was increasing my income by 24%. Sometimes when we think about personal finance strategies, we think about watching our spending, reducing debt or saving more. While all of these strategies are solid personal finance strategies, they become easier if we could make more money. For me, I always try to focus some of my time, attention and efforts on the income side of personal finance. I am self-employed which allows me to focus my energy on income producing options but I would argue that everyone has some opportunities to increase income.
– Jim Yih, Retire Happy
– Jason Heath, Objective Financial Partners
My biggest financial success this year was becoming mortgage free (January) and debt free (November). It’s been a long journey of cost cutting and frugal living and it was totally worth it. This is the first time in my adult life where I’m not making payments, and the feeling is quite surreal. If you are thinking about going for debt freedom I encourage you to do it. Make a plan and get started!
– Andrew Daniels, Family Money Plan
Hands down, my biggest financial and life success of 2016 has been becoming a homeowner. I am absolutely a renting advocate, and will continue to be, if you can’t yet afford to buy your own home. However, after years of saving and researching, this year my husband and I finally found a place within our price range and desired neighbourhood that we successfully bought. The best thing is because we were very strategic in our house hunt, our mortgage is the same cost as our rent. So not only are we building equity, our cost of living hasn’t changed that much so we can continue to save for future financial goals and aren’t house-poor by any means.
– Jessica Moorhouse
My biggest financial success this year is related to following my passion for yoga, and taking time to nurture myself. I decided to take a month off from work, and I spent it at an ashram in Nassau, where I completed my Yoga Teacher Training. It was a month of deep reflection, and connecting mind, body and spirit. The experience was priceless, and one I will never forget. I have found that I now have better focus at work, and as result I am more productive.
– Brenda Hiscock, Objective Financial Partners
My biggest financial success of 2016 was finally taking full control of my investments. I sold my remaining high-MER Investors Group mutual funds and invested in low-MER exchange-traded funds through Wealthsimple. Don’t let deferred sales charges keep you in a prison of high fees! Sometimes it’s worth it to pay the penalties to regain your freedom. Everyone should review their investments annually to make sure they are comfortable with the fees they are paying.
– Beau Humphreys, Invest Wisely
Our biggest financial success in 2016 was hitting all our financial goals. We maxed out our Tax Free Savings Accounts (TFSAs), we doubled-up our mortgage payment throughout the year, and we managed to save $5,000 for another international trip. It was great we were able to do a little bit of everything – save for the future, slay mortgage debt and have some fun for today.
– Mark Seed, My Own Advisor
If I have to pick one thing, it would have to be more than maxing out our retirement savings accounts (both RRSPs and TFSAs). It’s something we’ve been focusing on yearly and the feeling we get never gets old. I guess you could say we focus on ‘paying our future selves first’.
– Hélène Massicotte, Free To Pursue
I had a few financial successes in 2016. My wife and I maximized both our RRSP and TFSA. We also received more than $12,500 from various blue-chip dividend paying companies for doing absolutely nothing. We managed to save a higher percentage of income compared to 2015. The biggest success however is the birth of our daughter back in March. With one boy and one girl, we feel our family is now complete.
– Bob Lai, Tawcan
My biggest accomplishment in 2016 was all about people. More than ever, I have witnessed increased anxiety from my clients regarding their financial futures. This is true of those with more than enough as well as those facing retirement shortfalls. It’s been a real pleasure empowering clients to take control of their financial lives which has in turn reduced anxiety and provided a greater sense of direction and clarity. The positive feedback I’ve received in the way of testimonials and client surveys tells me that my efforts are appreciated, which brings me great satisfaction. Looking forward to 2017!
– Nancy Grouni, Objective Financial Partners
No matter where you’re at in your personal finance journey, one of these success stories should certainly be able to inspire you to set your own goal for 2017. Make sure it’s specific, measurable, achievable, realistic, and has a timeframe to be accomplished by. Even better, take your big goal for 2017 and break it down into smaller milestones to help keep you on track. My goal for 2017 is to increase my income by 50%, mainly through my online ventures.
What’s your goal for the new year?
10 financial success stories from 2016 to inspire your new year appeared first on Retire Happy.
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A group called Para Kore has been working since 2009 to spread the message of waste reduction and diversion.
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(NaturalNews) Science hoaxes were running rampant throughout 2016, pushed by the fakestream media (CNN, WashPost, NYT, etc.) alongside complicit government organizations working in collusion with dishonest corporations steeped in scientific fraud (Monsanto, Big Pharma, etc.). 2016 saw more science hoaxes than a typical year, with the media placing special emphasis on the Zika virus terror... |
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(NaturalNews) If you are 21 years of age or older and a Massachusetts resident, recreational marijuana is now legal for you after the law went into effect on Thursday, December 15, 2016. Massachusetts is the first state in the densely-populated U.S. Northeast that has legalized the drug for recreational use. Despite the strong opposition from... |
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(NaturalNews) If you’re not familiar with George Soros by now, consider it a homework assignment to look him up. To scratch the surface lightly, Soros, a white male, has heavily funded the Black Lives Matter movement in an attempt to advance his left-wing globalist agenda. Soros is now financing the group which is helping Facebook... |
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(NaturalNews) Lithium or button batteries are the tiny batteries found in many toys, musical greeting cards, household appliances, and remote controls. Many parents, however, remain unaware of the safety hazards button batteries pose to their little one. While they may look harmless to you, if they are ingested they may choke the child or cause... |
A group of experts in the UK wants a special Ministry of Childhood created to protect children’s wellbeing, if parents won’t.
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A group of experts in the UK wants a special Ministry of Childhood created to protect children’s wellbeing, if parents won’t.
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If you’ve inherited 1 million dollars it’s exciting – really exciting. But if you’ve inherited 1 million dollars in an IRA it’s exciting too – but also complicated. I received an Ask GFC question on exactly that topic recently:
Hi Jeff, thanks for all you do and keep up the great work!! QUESTION: if a 30 year old inherits a $1 million IRA from Grandpa and that 30 year old converts it to an IRA in his name he will pay 50% in taxes thus reducing the $1 million to $500k (correct?) What are his alternatives? if he keeps grandpas IRA titled in grandpa’s name FBO himself then he must start taking RMDs the year he inherits the money regardless of either grandpa’s age or his own age (is this correct?) What would be your recommendation for a 30 year old with no extraordinary wealth that inherits a large sum of money? Thank you!!!
If you’ve inherited 1 million dollars in the form of an IRA, it’s real wealth, but wealth with some major strings attached to it. The money is yours for sure, but there are a lot of limitations as to what you can do with it, it even how much access you will have to it.
With that in mind, let’s set out to try and help this reader sort out his or her options.
We have to start the discussion with an important distinction. There are two types of beneficiaries who can’t inherit an IRA, spouse and non-spouse. The situation with spouses is pretty simple. You can roll the inherited IRA into an IRA under your own name (where you can even convert it to a Roth IRA), or you can roll it over into an inherited IRA account, where you can take withdrawals before turning age 59 1/2 without having to pay the 10% early withdrawal penalty.
But since the reader is indicating that this IRA is being inherited from his grandfather, we’re going to focus on inherited non-spouse IRAs.
With an inherited non-spouse IRA the beneficiary could be just about anyone – a child, a grandchild, a sibling, or even a close friend. The naming of a person as a beneficiary has important legal consequences. That’s because an IRA beneficiary designation outweighs a will. That means that even if the beneficiary is not listed in the decedent’s will, he or she will still inherit all rights to an IRA as a specific beneficiary of that account.
The IRA must be moved into a specific inherited IRA account. The custodian must register the account in your name, but also include the name of the person that the IRA was inherited from. This designation will establish the fact that the account is an IRA beneficiary distribution account.
“Distribution” is the operative word here! According to IRS rules, as the owner of a non-spouse inherited IRA you must begin taking minimum required distributions – commonly known as MRDs. Those distributions must begin no later than December 31, after the year of the death of the original owner of the IRA.
The MRD’s are determined by the age of the original account owner at the time of death. There are two options:
The original IRA owner died after reaching age 70½.
You will have the option to elect to calculate MRDs either by using your own age, or by using the age of the original IRA owner at the age of his or her death. Using the original owner’s age will likely work out better if that person was younger than you at the time of death, because it will spread the payments out over more years, and therefore keep the tax liability lower.
The distributions must be taken based on the life expectancy of either you or of the original IRA owner. They are calculated based on the IRS Life Expectancy Tables.
The original IRA owner died before reaching age 70½.
In this situation, the original owner would not have been required to take required minimum distributions from the IRA during his or her lifetime. If this is the case, then you will have the option to withdraw the funds over a period of five years. That will enable you to completely distribute the IRA by December 31 of the fifth year after the original IRA owner’s death.
Another important point: Distributions taken from an inherited IRA are subject to ordinary income tax. However, they are not generally subject to the IRS 10% early withdrawal penalty. That exemption is true even if the distributions are taken before you or the original IRA owner reaches age 59 1/2.
Still another really important point: When you roll funds from the original IRA over into an inherited IRA, you must be certain that it is completed as a trustee-to-trustee transfer.
This is super important – if the trustee of the original IRA issues you a check, the entire amount of the distribution will be taxable as ordinary income in the year it is distributed.
There is no 60 day rollover provision in regard to a non-spouse inherited IRA. Once money is distributed from the original IRA, it is no longer eligible to be rolled over into an inherited IRA, or any other IRA account.
OK, are you still awake? Let’s move on.
The reader’s question references converting the entire balance of the inherited IRA account and paying something like 50% of the balance in taxes. I suspect – but I’m not sure – that what he or she is referring to is having to pay income tax on the entire inherited 1 million dollars that is sitting in the IRA account.
While that might be possible, it’s neither necessary nor desirable. If you’re going to transfer the money from the inherited IRA over into your own personal IRA, you will basically be moving money from one IRA to another. But that’s basically what you’re doing when you roll the money over from the original owner’s IRA into an inherited IRA account.
The inherited IRA account is in your name, but includes the name of the original owner.
This will actually be to your advantage. That’s because the bulk of the money from the original IRA will remain in the inherited IRA account, where it will continue to grow on a tax-deferred basis. But the advantage is that you can begin taking distributions from the account at virtually any age. You won’t need to wait until you’re age 59 1/2, 65, or even 70 1/2. That’s an excellent benefit, since it can provide you with an immediate additional income, as well as a retirement account that can last for the rest of your life.
Now there is always the option to use the accelerated distribution method, and withdrawing all of the money from the inherited IRA within five years. That will certainly give you access to the money much more quickly than if it’s distributed over either your life expectancy, or that of the original owner at the time of death. But it’s probably not the best strategy.
With the accelerated distribution, yes you will get access to the money quicker, but you will also completely deplete the account, well before your own retirement, as this reader is just 30 years old.
The taxes are an even bigger consideration.
By using the accelerated distribution method, you will also be increasing the amount of income tax that you will need to pay on those distributions. If you’ve inherited 1 million dollars, you will have to add $200,000 to your income each and every year for five years.
That can push you into the 33% tax bracket – or higher – causing you to lose at least one third of the distributions to taxes, and that doesn’t include state income taxes.
However, if the distribution is done over the reader’s lifetime, which means that it may be spread out over 50 years or more, you’re looking at an annual distribution of about $20,000. If you’re in a 15% tax bracket, you will pay only $3,000 per year in tax on that distribution. In addition, it’s unlikely that a distribution that small will push you into a higher tax bracket.
I would say that if you don’t have an immediate and pressing need for the money, you should go with MRD’s based on life expectancy. That will not only result in a much lower tax liability, but it will also preserve the IRA for many, many years to come. Think of all the tax-deferred investment income you can earn on a $1 million IRA from age 30! That alone should remove all doubt.
In closing, I’d like to acknowledge that inherited IRAs are pretty complicated beasts, especially one that’s worth something like $1 million. For that reason, I strongly recommend that you consult with a CPA or tax attorney. Not only can they provide more specific advice, but they may be able to run some calculations that will clearly show the tax implications of the two different distribution methods.
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When most people look at Crystal Mountain, which stands in the shadows of Washington’s Mt. Rainier, they are in awe of the snow-swept rocks that tower the sky.
Kim Kircher, 45, just sees her workplace.
Kim learned to ski around …
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(NaturalNews) For the last eight years, Barack Obama has functioned as a kind of “sleeper cell,” achieving a number of devastating milestones of destruction against America that eerily parallel the strategies of nation-crushing subversion mapped out by the Soviet KGB (see video below). Apparently mirroring Yuri Bezmenov’s described subversion plan with careful precision, President Obama... |
