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Liz Weston: Safer ways to raid your retirement, if you have to

Published Wed, 25 Dec 2024 06:59:12 GMT

Raiding your retirement accounts can be expensive. Withdrawing money before age 59 1/2 typically triggers income taxes, a 10% federal penalty and — worst of all — the loss of future tax-deferred compounded returns. A 30-year-old who withdraws $1,000 from an individual retirement account or 401(k) could lose more than $11,000 in future retirement money, assuming 7% average annual returns.In the past, there were a few ways you could avoid the penalty. Congress recently added several more, and some of those exceptions allow you to repay the money within three years. That would allow you to get a refund of the taxes you paid and — best of all — allow the money to start growing again, tax deferred, for your future.You’re still better off leaving retirement funds alone for retirement, says Erin Itkoe, director of financial planning at Tarbox Family Office, a wealth management firm in Scottsdale, Arizona. If you can’t, though, you could at least limit the damage from taking the money out e...

Severe storms leave 1 person dead in southern Indiana

Published Wed, 25 Dec 2024 06:59:12 GMT

MARTIN COUNTY, Ind. -- A person is dead after severe storms rolled through Martin County in southern Indiana Sunday evening. Cameron Wolf, the Martin County EMA director, said that a home on Windom Road was hit by a tornado, killing one of the occupants and injuring the other. The area surrounding the home is described as rural and is surrounded by multiple trees that have been brought down by the high winds. No other information on the extent of the damage in the Martin County was immediately available.

Cloudy, cooler with showers possible

Published Wed, 25 Dec 2024 06:59:12 GMT

Gloomy conditions start out Monday with humidity. Showers are likely throughout the day. Humidity and mugginess may help fuel thunderstorms later Monday afternoon.Breezy and slightly cooler conditions also Monday. High of 74 Interactive Radar: Track showers and storm here Calmer conditions overnight Monday into Tuesday.More comfortable weather returns Tuesday and for the middle of the week. High of 76 Tuesday.Full forecast details and more at the WGN Weather Center blog The rest of the week is set to see a return to the 80s.

Does your state have a trans bathroom law? It may not know how to enforce it

Published Wed, 25 Dec 2024 06:59:12 GMT

BISMARCK, N.D. (AP) — When North Dakota restricted what bathrooms transgender students can use in public schools and universities this year, the school district in the state's largest city promised to ignore the new rules. A Republican legislator then called for confiscating its state funding, but the law doesn't include that possibility.The defiance in Fargo shows that it's not exactly clear how bathroom laws will play out in local communities after being enacted in at least 10 states with Republican-controlled legislatures.Kansas' GOP attorney general planned to discuss his state's law Monday, five days before it was to take effect. His view is likely to be challenged.Even Florida's law, allowing the state to threaten the licenses of educators who don't comply, says a transgender student or staffer must first be asked to leave a restroom and refuse.Some schools already have gender-neutral bathrooms and changing spaces or allow trans students to use staff restrooms. In others, tran...

Dean's A-List Interviews: Chloe Grace Moretz in 'Nimona'

Published Wed, 25 Dec 2024 06:59:12 GMT

Check out Dean's A-List Interview with Chloe Grace Moretz where she talks about her role in the new animated film "Nimona."Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

City to hold press conference amid 'dangerous heat conditions'

Published Wed, 25 Dec 2024 06:59:12 GMT

AUSTIN (KXAN) — Austin city leaders will hold a press conference Monday morning to share "important health and safety information" as temperatures are expected to climb well past 100° again today.A Heat Advisory has been issued for Travis County Monday, and the KXAN First Warning Weather Team forecasts excessive heat to last at least until the end of the month.Mayor Kirk Watson will lead the 10 a.m. press conference. He'll be joined by Ken Snipes, director of Austin Homeland Security and Emergency Management; Dr. Desmar Walkes, Austin-Travis County Health Authority; Stuart Reilly, interim general manager of Austin Energy, and Austin-Travis County EMS Asst. Chief Wesley Hopkins.Speakers will share efforts to help residents keep cool, as well as energy conservation information.KXAN will stream this morning's press conference in this story at 10 a.m.

World's largest Buc-ee's opens in Tennessee, but it won't hold the title for long

Published Wed, 25 Dec 2024 06:59:12 GMT

The video on this story is from June 22, 2021KNOXVILLE, Tenn. (WATE/KXAN) – The world's largest Buc-ee's will hold its grand opening Monday. But it won't hold the title for long. In 2021, the company announced plans to build a massive 74,000-square-feet flagship store in Tennessee. The store was constructed near Sevierville, Tennessee, a town of about 17,000 people east of Knoxville and just north of the Great Smoky Mountains.That would be nearly 8,000 square feet bigger than the New Braunfels store which the company said was the largest convenience store in the world at 66,335 square feet.In June 2022, the travel center announced plans to replace its existing store in Luling. That store, along Interstate 10 just an hour outside of Austin, will span more than 75,000 square feet, making it the largest Buc-ee’s ever built. The center will also include 120 fuel stations and favorites like Texas barbecue, Beaver nuggets and clean bathrooms.

The glitz of Central Texas glamping: Where to visit

Published Wed, 25 Dec 2024 06:59:12 GMT

CENTRAL TEXAS (KXAN) -- With the summer season officially upon us, many are perfecting their summertime bucket lists and curating places to visit on day trips or extended stays. Kid-friendly things to do in Central Texas this summer While camping is always an option for those daring enough to brave the summer heat, glamping offers a more luxurious alternative. For the uninitiated, glamping.com defines the experience as "where stunning nature meets modern luxury."As Central Texas has attracted more residents, so, too has it appealed to more visitors. Whether you're looking for a staycation destination close to home or have traveled far and wide to experience the great outdoors with a bit of pizzazz, here are some glamping sites you can visit this summer.Cypress ValleyLocated in Spicewood, Cypress Valley offers off-grid glamping tent sites that include a king-sized bed, an indoor seating area, a cooler, a power battery bank for charging electronic devices and a private porch with ou...

CubingUSA Southern Championship held in Austin

Published Wed, 25 Dec 2024 06:59:12 GMT

AUSTIN (KXAN) — The fastest speedcubers in the Southern United States were in Austin Sunday for the CubingUSA Southern Championship 2023.According to the World Cube Association, teams from Texas, Oklahoma, Arkansas, Louisiana and Mississippi were eligible for the title.Competition winners were able to solve the classic 3x3 Rubik's Cube in an average of six seconds.This is the fifth annual CubingUSA Southern Championship, according to the WCA. The CubingUSA National Championships are in Pittsburgh, Penn. on July 27-30. The CubingUSA Nationals will be the 16th US National Championship, according to CubingUSA.

5 things to know this Monday, June 26

Published Wed, 25 Dec 2024 06:59:12 GMT

ALBANY, N.Y. (NEWS10) -- Happy Monday! According to Meteorologist Jill Szwed, the warm and humid weather is expected to continue throughout the day. Get the latest, news, weather, sports and community events delivered right to your inbox! Albany Police are investigating two separate homicides that happened early Sunday morning. Also, the search continues for a 12-year-old girl who's been missing since Thursday. These stories, and more, are covered in your five things to know this Monday morning. 1. Albany police investigating two homicidesAlbany police announced they are investigating two separate homicides that occurred early in the morning on Sunday. Both incidents are currently under investigation.2. Albany Police searching for missing 12-year-old girlAlbany Police are seeking the public’s help in finding a missing 12-year-old girl. Nolah Callendar was last seen Thursday around 4 p.m.3. Albany man charged with damaging statue on Lark StreetAn Albany man has been charged with k...