What are the rules for an IRA?

What are the rules for an IRA? Quick summary of IRA rules The maximum annual contribution limit is $6,000 in 2021 ($7,000 if age 50 or older). Contributions may be tax-deductible in the year they are made. Investments within the account grow tax-deferred. Withdrawals in retirement are taxed as ordinary income. Are there income limits […]

What is being a woodworker like?

What is being a woodworker like? Often using a template, woodworkers measure and verify dimensions, cut, and shape wooden parts. Woodworkers stain or coat the wood products with sealers and topcoats, such as varnish and lacquer. But, they also often install hardware, fit electrical components and specialty products, such as metal trims and glass. What […]

Why did Secretary of the Treasury Andrew Mellon believe the government should do nothing about the Depression?

Why did Secretary of the Treasury Andrew Mellon believe the government should do nothing about the Depression? Andrew Mellon was the Treasury Secretary who had advised the traditional do nothing approach. He even argued that a short depression would be good for the country. Socialist and Communist groups condemned the capitalist system that led to […]

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