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Trump Accounts create a 'legal backdoor' for Roth IRA wealth, tax attorney says
Families have signed up nearly 6 million children for Trump Accounts, set to launch next month. For some, claiming the initial grants — worth up to $1,000 — is the draw. But even kids who aren't eligible for the "free money" can leverage the accounts with a strategy typically used by older investors to kickstart future tax-free growth.
Trump Accounts don't 'rule' child investments, advisor says: How your options compare
Starting on July 4, Trump Accounts will offer parents a new option to save and invest for their children's future. It joins the ranks of other types of investment accounts you can already open on behalf of a minor. Rather than consider a Trump Account, also known as a 530A account, as the "one kids' account to rule them all," they are "a tool in the savings toolbox with a specific purpose," said Ben Henry-Moreland, a certified financial planner with advisor platform Kitces.com.
Man linked to S$3 billion money laundering case admits to filing false tax information to IRAS
Man linked to S$3 billion money laundering case admits to filing false tax information to IRAS Wang Junjie, 43, provided corporate secretarial services for companies where Su Haijin and Su Baolin – both implicated in Singapore's largest money laundering operation – were directors. SINGAPORE: A corporate service provider linked to two men implicated in Singapore's S$3 billion (US$2.34 billion) money laundering case admitted on Wednesday (Jun 3) to conspiring with them to lie about tax...
The SpaceX IPO Will Be the Theft of the Century
The SpaceX IPO Will Be the Theft of the Century An S-1 full of fantasies, insiders who will pocket millions, index companies that have changed the rules: it's all a recipe for regular people to have their pockets picked. As the SpaceX IPO approaches, a few observations and predictions: I. As a Business, SpaceX Will Be a Spectacular Failure In a real sense, the entire SpaceX value proposition rests upon the Starship project. And when I say “Starship,” I mean a Starship version that is far...
This drug delayed rheumatoid arthritis for years after treatment ended
This drug delayed rheumatoid arthritis for years after treatment ended - Date: - June 1, 2026 - Source: - King's College London - Summary: - A promising new study suggests rheumatoid arthritis may not be as inevitable as once thought for people at high risk. Researchers found that just one year of treatment with the immune-targeting drug abatacept delayed the onset of rheumatoid arthritis by up to four years, with benefits lasting long after treatment ended. - Share: People at high risk of...