Sign up for the War in Ukraine myFT Digest to stay informed on Putin’s efforts to end the war by accommodating his wishes, despite the financial instability of Russia’s war economy. With a surge in corporate debt and state-controlled lending, Putin’s illusion of funding the war without significant sacrifices is fading. As Russia faces mounting economic challenges and potential credit crises, the west must continue to block access to external funds to pressure Putin into choosing between his assault on Ukraine and his grip on power.
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Taking Your Required Minimum Distribution (RMD) Right Now Could be a Brilliant Move for Retirees
Investing in retirement accounts like IRAs and 401(k)s offers tax advantages, as contributions are tax-deductible and earnings are tax-deferred until withdrawal. However, starting at age 73, individuals must take required minimum distributions (RMDs), which can create a tax burden if reinvested improperly. Taking RMDs during market downturns can be beneficial, as it allows investors to withdraw more shares, reinvest them in taxable accounts for potentially lower capital gains taxes, and reduce future RMDs. Full Article
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