In response to President Trump’s push for fossil fuel production over renewable energy, wind and solar developers are emphasizing the necessity of their industries to meet the growing demand for electricity driven by data centers. While Republican leaders consider ending federal subsidies for low-carbon electricity, renewable energy firms argue that wind, solar, and battery storage are quick, cost-effective solutions to prevent energy shortages and keep prices low. Despite skepticism from Trump officials, the renewable energy industry asserts that wind and solar, along with natural gas and other technologies, are essential for meeting the rising electricity demand in the U.S. over the next few years.
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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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