Jimmy Barrett and Shara Fryer take you through the stories that matter on the morning of 9/12/2018, including: Two weather systems in the tropics have the potential to impact Texas. Forecasters say Invest 95-L has a 60% chance of becoming a tropical cyclone/storm/hurricane when it reaches the Gulf. It is predicted to reach the Texas coast by the weekend. Further to the east, Hurricane Isaac is making its way toward the Caribbean where it is expected to arrive on Thursday. It’s too early to determine whether the Cat-1 storm will re-form and strengthen in the Gulf; Is the GOP riding to the rescue for Ted Cruz? The national party wasn't expecting to have to defend a well-known senator in a conservative bastion. But recent polls show Cruz’ lead is slipping in his race for re-election. Lt. Governor Dan Patrick – who chaired the 2016 Trump campaign in Texas, went to Washington in July to ask White House officials to send help. The previously unreported meeting comes as senior Republicans grow increasingly concerned about the senator’s prospects in the reliably red state, with some expressing fear that an underperformance could threaten GOP candidates running further down the ballot. Cruz’s Democratic opponent, Rep. Beto O’Rourke, has raised barrels of cash, closed the polling gap and emerged as a cause célèbre of liberals nationwide; Two weather systems in the tropics have the potential to impact Texas. Forecasters say Invest 95-L has a 60% chance of becoming a tropical cyclone/storm/hurricane when it reaches the Gulf. It is predicted to reach the Texas coast by the weekend. Further to the east, Hurricane Isaac is making its way toward the Caribbean where it is expected to arrive on Thursday. It’s too early to determine whether the Cat-1 storm will re-form and strengthen in the Gulf; Here's why your 401(k) likely isn't enough for retirement. Your 401(k) might be lacking retirement ready status because you’re not contributing enough. A Vanguard survey finds about one-third of Americans with a 401(k) are contributing four percent or less of their paychecks each month—which is not enough. Normally the adage is don't pay the taxes now while you're working and making more, pay them when you're retired and in a lower tax bracket. However, because with the 2017 tax reform, this is currently the lowest taxes since 1933, in the history of the tax code. The best thing that anybody can do in 2018, is to do a Roth conversion. Anybody who has pre-tax wealth in a 401(k) or an IRA, can convert that money to a Roth, without a penalty—even if you are younger than 59 and a half, just pay the tax at the current low rates. Tax policy is determined by two major things: the federal debt is currently at $21.4 trillion and retirement of Baby Boomers which will start en masse in 2022. Taxes will have to go up substantially in the next 10-15 years.
Jimmy Barrett and Shara Fryer take you through the stories that matter on the morning of 9/12/2018, including: Two weather systems in the tropics have the potential to impact Texas. Forecasters say Invest 95-L has a 60% chance of becoming a tropical cyclone/storm/hurricane when it reaches the Gulf. It is predicted to reach the Texas coast by the weekend. Further to the east, Hurricane Isaac is making its way toward the Caribbean where it is expected to arrive on Thursday. It’s too early to determine whether the Cat-1 storm will re-form and strengthen in the Gulf; Is the GOP riding to the rescue for Ted Cruz? The national party wasn't expecting to have to defend a well-known senator in a conservative bastion. But recent polls show Cruz’ lead is slipping in his race for re-election. Lt. Governor Dan Patrick – who chaired the 2016 Trump campaign in Texas, went to Washington in July to ask White House officials to send help. The previously unreported meeting comes as senior Republicans grow increasingly concerned about the senator’s prospects in the reliably red state, with some expressing fear that an underperformance could threaten GOP candidates running further down the ballot. Cruz’s Democratic opponent, Rep. Beto O’Rourke, has raised barrels of cash, closed the polling gap and emerged as a cause célèbre of liberals nationwide; Two weather systems in the tropics have the potential to impact Texas. Forecasters say Invest 95-L has a 60% chance of becoming a tropical cyclone/storm/hurricane when it reaches the Gulf. It is predicted to reach the Texas coast by the weekend. Further to the east, Hurricane Isaac is making its way toward the Caribbean where it is expected to arrive on Thursday. It’s too early to determine whether the Cat-1 storm will re-form and strengthen in the Gulf; Here's why your 401(k) likely isn't enough for retirement. Your 401(k) might be lacking retirement ready status because you’re not contributing enough. A Vanguard survey finds about one-third of Americans with a 401(k) are contributing four percent or less of their paychecks each month—which is not enough. Normally the adage is don't pay the taxes now while you're working and making more, pay them when you're retired and in a lower tax bracket. However, because with the 2017 tax reform, this is currently the lowest taxes since 1933, in the history of the tax code. The best thing that anybody can do in 2018, is to do a Roth conversion. Anybody who has pre-tax wealth in a 401(k) or an IRA, can convert that money to a Roth, without a penalty—even if you are younger than 59 and a half, just pay the tax at the current low rates. Tax policy is determined by two major things: the federal debt is currently at $21.4 trillion and retirement of Baby Boomers which will start en masse in 2022. Taxes will have to go up substantially in the next 10-15 years.
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