Tue, March 25, 2025

[ Tue, Mar 25th 2025 ]: News4Jax

10 IRA mistakes to avoid

The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two big drawbacks: required minimum distributions (RMDs) and ordinary income tax on withdrawals. Assuming a backdoor Roth IRA will be tax-free
Mon, March 24, 2025

[ Mon, Mar 24th 2025 ]: TheStreet

Retirement Budgeting Tips

Learn how to build a balanced retirement income plan. Practical tips on planning for future health care and inflation.

Russia needs to consider using crypto in wake of Trump's reserve, business lobbyist says

With the United States under President Trump already stockpiling cryptocurrencies, Russia should also explore opportunities to use Bitcoin and the like, according to the head of a major Russian business lobby group.

The article discusses comments made by a lobbyist for Donald Trump's business interests, who suggested that Russia should consider using cryptocurrencies in response to the economic sanctions and financial isolation imposed by Western countries. The lobbyist, speaking at a conference, highlighted that with traditional financial systems becoming increasingly restricted for Russia due to geopolitical tensions, cryptocurrencies could offer an alternative means for transactions and economic operations. This suggestion comes in the context of Russia's ongoing efforts to mitigate the impact of sanctions, exploring various financial tools and strategies to bypass the restrictions. The use of crypto could potentially help Russia maintain some level of economic activity despite the international financial blockade. However, the article also notes the inherent risks and volatility associated with cryptocurrencies, as well as the potential for further regulatory crackdowns by other nations in response to such moves.

Read the Full Cryptopolitan Article at:
https://www.msn.com/en-us/money/markets/russia-needs-to-consider-using-crypto-in-wake-of-trump-s-reserve-business-lobbyist-says/ar-AA1BzX3y