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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Sep 17, 2001
Page
4
A separated brother-in-law notes his sister-in-law faces mounting debt from salary and child support. She fears credit and stigma of bankruptcy but may need credit counseling to assess options and budget. A gentle, proactive nudge toward professional help could prevent crisis escalation.
The 2001 tax reform expands individual retirement accounts with more flexible contribution and distribution rules. Investors may convert Traditional IRAs to Roth IRAs, with tax implications, and new IRS tables reduce required minimum distributions while allowing beneficiary changes.
A Boca Raton reader weighing retirement at 62 versus 65 outlines alimony and child support relief ahead, potential dual income from consulting, and a planner's advice to take benefits early and invest. The letter notes annual SS at 62 would be $15,636, rising to $20,960 at 65 years and 8 months, with precise figures and tradeoffs discussed for retirement timing and income strategies.
The Department of Veterans Affairs proposed raising outpatient prescription co payments from 2 to 7 dollars for a 30 day supply, but the change has not yet taken effect. Public comment is open and final action isn’t expected until later this year at the earliest.
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