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Bill Clinton leaves hospital following heart procedure

Sunday, February 14, 2010

Former US President Bill Clinton left New York Presbyterian Hospital on Friday after undergoing an hour-long operation to insert two stents into one of his coronary arteries the previous day. Clinton has had previous heart troubles. For instance, in 2004, the former president underwent quadruple bypass surgery in order to restore blood flow to four blocked arteries.

Dr. Allen Schwartz, the chief of cardiology at the hospital, publicly stated that there was “no evidence of [a] heart attack or [of] damage to [Clinton’s] heart,” and that what occurred was “not a result of either his lifestyle or diet, both of which have been excellent.”

According to a statement from a personal assistant to Clinton, he is currently convalescing at his home in Chappaqua, New York.

Those close to the family subsequently speculated that Clinton’s “punishing schedule” could possibly have caused these problems. Some of his recent work has included being a United Nations special envoy to Haiti, having previously visited the country twice since the 2010 Haiti earthquake, which struck the island nation on January 12 2010.

Clinton is now said to be in “good spirts” as having resumed much of his normal work.

Indiana Governor signs needle exchange program

Friday, May 8, 2015

Indiana Governor Mike Pence dropped his former opposition to needle exchange programs and on Tuesday signed legislation passed by lawmakers on April 29 — the last day of the state’s legislative session — that would allow local health departments, municipalities, counties, or nonprofit organizations to implement needle exchange programs. The debate about the controversial programs came on the heels of an HIV outbreak in Southern Indiana.

Austin, in Scott County, Indiana, was the epicenter of the outbreak. The number of new HIV positive cases in Scott County in this outbreak rose past 140. Governor Pence declared the outbreak a public health emergency on March 26, and at the same time approved a 30-day needle exchange program. Pence since offered a 30-day extension as the number of HIV positive cases continued to rise.

Needle exchange programs provide clean needles in exchange for dirty needles. The sharing of dirty needles has been linked to the outbreak. Experts like Chris Beyrer, president of the International AIDS Society, support needle exchange programs. Beyrer told the Indianapolis Star, however, that temporary measures, like the one Pence implemented on March 26, don’t solve the long-term problem. The World Health Organization and the Centers for Disease Control and Prevention also recommend needle exchange programs. But experts say long-term needle exchange programs are needed.

The HIV epidemic in Southern Indiana has been linked to a drug problem in Scott County. HIV and Hepatitis C are blood-borne viruses that spread by way of bodily fluids and bloodstream injections, especially when more than one person is using the same needle.

Legislators on the committee responsible for Senate Bill 461 heard testimony last week before voting. Representative Thomas Washburne, Republican, Evansville, told Wikinews on April 27 that he was involved in conversations pertaining to needle exchange programs. “I am inclined to follow the recommendations of the Centers for Disease Control in implementing needle exchanges,” Washburne said in an interview with Wikinews. “My vote against Senate Bill 461 was not due to the needle exchanges, but other issues involved in the bill.”

House members passed the bill 80–19, senators 38–11.

After legislators passed the bill, Pence told WISH-TV: “From my perspective, the focus needs to be on health emergencies. I have throughout my career not supported needle exchanges as anti-drug policies. But with regard to addressing an epidemic, which is what we’ve seen in Scott County, which is unprecedented in any rural part of the country. I was prepared to support that through executive action.”

Louisville, Kentucky, about 35 miles south of Austin, was the first Kentucky municipal government to approve a needle exchange program. The Louisvile Metro Council voted 22–0 to approve the program on April 23. That approval requires reconsulting the council before actually implementing such a program. About 195 cities in the United States have adopted similar programs.

Dr. William Shaffner, a doctor and chair of the Department of Preventative Medicine at Vanderbilt University in Nashville, Tennessee, told Wikinews reporters March 25 at the University of Southern Indiana in Evansville, the day before Pence declared the public health emergency, such a program would make sense. He said the best course of action would be to “block and tackle.”

“Needle exchange programs ought to be used,” Shaffner said. “They have been proven to work and do not cause an increase in drug use.”

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Dr. William Schaffner presents March 25, 2015 at the 2015 Shaw Lecture at the University of Southern Indiana about emerging infectious diseases.Image: Gkstylianides.

USI Biology Professor Marlene Shaw welcomes a full house to the 2015 Shaw Lecture on March 25, 2015 at the University of Southern Indiana.Image: Gkstylianides.

A crowd of students, faculty and healthcare professionals gather during the 2015 Shaw Lecture on March 25, 2015 in Mitchell Auditorium at the University of Southern Indiana to hear Dr. William Shaffner present.Image: Gkstylianides.

Dr. William Shaffner answers questions from students on March 25, 2015 during the 2015 Shaw Lecture at the University of Southern Indiana.Image: Gkstylianides.

After 100 days, Deepwater Horizon oil spill still threatens Gulf coast

Saturday, July 31, 2010

Wednesday marked the 100th day since the beginning of the Deepwater Horizon oil spill, and although the leaking well was recently capped, the estimated three million or more barrels of oil already in the Gulf of Mexico are still causing trouble for many residents of the Gulf coast.

There are still many unanswered questions about the long-term impact of the spill, including how it has affected the environment and natural habitats of the Gulf as well as whether residents of the area will be able to return to their jobs and livelihoods now that the leak has been capped. US government officials say that, even after the oil well is permanently sealed, workers will still have a lot to do, including the removal of around 20 million feet (6.1 million metres) of containment boom. “I would characterize this as the first 100 days. There’s a lot of work in front of us,” said Rear Admiral Paul Zukunft of the US Coast Guard.

Authorities will use submarines to assess damage underwater, while teams on the ground assess the shoreline. While removing oil from beaches is expected to be fairly straightforward, cleaning the marshlands will be particularly difficult, as boats are needed to maneuver through small channels and workers are unable to stand on solid ground. At least 638 miles (1,027 kilometres) of the Gulf coast have been hit by the oil.

The government is focusing on both cleaning sensitive coastal regions and looking for underwater oil plumes, but is also probing into what may have been the largest accidental oil spill. The US Justice Department, as well as Louisiana, Mississippi, and Alabama, are all investigating what contributed to the disaster. The Washington Post reported one team is looking into whether a close relationship between BP and government regulators played a role in the spill. The Post also said that Deepwater Horizon operator Transocean as well as oil services group Halliburton were being investigated.

BP officials say that they will try to perform the “static kill” process on Monday, a process which involves pumping a thick mixture of mud and cement down into the cap currently stopping the leak. At the end of next week, one of two relief wells currently being drilled should reach the leaking well, and officials will then know if the static kill has worked. It is hoped that this “bottom kill” operation will be able to permanently seal the damaged well.

Even though BP is close to sealing the oil reservoir, it still faces legal battles, economic struggles, and internal changes. On Tuesday, BP announced Tony Hayward would step down from his position as the company’s chief executive. His replacement, American Bob Dudley, will be the first non-British CEO of the company.

On Thursday, lawyers met at Boise, Idaho hearing to determine how around 200 various lawsuits against BP will play out. Depending on whether the suits can be consolidated, BP could be facing years of legal disputes. BP, Transocean, and Halliburton had already blamed each other for the disaster during a May hearing before the US Senate. Federal regulatory officials were criticized for allegedly taking bribes and not thoroughly inspecting the oil rig.

The company also reported a quarterly loss of US$16.9 billion and said it has allocated US$32.2 billion to pay for the spill. BP has a US$20 billion fund to help make up for the massive losses of the Gulf fishing, oil, and tourism industries and will pay damages for each of the millions of barrels of oil lost in the disaster.

BP says that it is the “responsible party” for cleaning up the spill because it owned the leaking well and had leased the Deepwater Horizon oil rig, but claims that it is not responsible for the entire spill.

Two ill after eating burgers laced with multi-purpose cleaner in Bathurst, Australia

Thursday, March 25, 2010

A prank by three young kitchen staff at Hungry Jack’s fast food restaurant in the Central-Western New South Wales city of Bathurst went wrong when two customers required medical treatment after eating burgers they had laced with multi-purpose cleaner.

According to staff at the Emergency Department of Bathurst Hospital, two Hungry Jack’s customers became ill Sunday night after eating burgers contaminated with a chemical believed to be multi-purpose cleaner. One of the patrons was in a serious condition upon arrival at Bathurst Hospital due to being allergic to an ingredient in the cleaning product. “He presented to the emergency department as he was having an allergic reaction after eating a burger from Hungry Jacks, he was in a really bad way when he arrived here and if he had waited much longer it could have been much worse,” said a Greater Western Area Health Service employee. “We called Hungry Jacks and they said that three of their employees had been goofing off and sprayed multi-purpose cleaner inside the burgers so we then treated the patients for poisoning.”

Both customers are expected to make a full recovery. During an investigation undertaken by Wikinews reporter Nathan Carter, it was learned that the chemical sprayed into the burgers was KAY multipurpose cleaner which is reported to cause nausea, diarrhoea and mucosal and gastric irritation. The Material Safety Data Sheet for KAY multipurpose cleaner lists Antonic Surfactants as its hazardous ingredient.

In New South Wales, it is a criminal offence to make food intended for sale unsafe punishable by 2 years imprisonment. Due to restrictions on the publication of the name of young people involved in crimes in New South Wales, the names of kitchen staff can not be published. Wikinews was told by Hungry Jack’s staff that the staff involved in the incident remained employed by Hungry Jack’s. Josh, a Hungry Jack’s manager at the Bathurst restaurant, told Wikinews that his boss Adam was aware of the food contamination issue and would be taking steps to address it.

Roof Finials Perfect For A Gothic Home

By Jesse Akre

Gothic structures bring about awe. If you have ever laid your eyes on a building such as the abbey of Saint-Denis in France, you likely were struck by the beauty of this style of architecture. If you have seen other similar structures, the abbey of Saint-Dennis was their parent building, created in the early 1100’s and becoming the model style that many other gothic structures were created from.

The idea of gothic building was to be awe-inspiring. They were churches and houses of God, and you were to be in awe of God throughout the building.

If you always wanted to be able to have that style of architecture in your home, but don’t have the money to have a building created with pointed arches and flying buttresses, there are still some ways you can give your home a bit more of a gothic look.

[youtube]http://www.youtube.com/watch?v=nUzkVnJNIFM[/youtube]

One thing that will help is roof finials. When you look at gothic buildings you will likely note that there are a lot of spires and points at the corners and elevated portions of the building. Adding roof finials to your home will give a similar look. You can find roof finials in many varieties these days, and if you look hard enough, you may even be able to find some that are extremely close to those used on your favorite gothic building from days of old. Roof finials are not too hard to install and could easily be a weekend project, unless you are not a fan of climbing up on the roof. In that case you should call in a handy-man to do the job for you.

In addition to roof finials, there was another trait that really stood out in gothic structures, especially on a sunny day – stained glass. The reason gothic buildings were so inundated with stained glass is because the architecture of the building allowed it. Since the construction, through arches, took all the weight and pressure from the roof off the walls, and instead put it on columns, the builders could have a little more leeway with the number and enormity of the windows that were to be put into these buildings. As yet another tribute to God, artists were called in to create elaborate scenes from the bible in beautifully detailed stained glass. No doubt as worshipers entered the church and the light came through these glass panes, they felt almost as if the rays of the heavens were streaming down on them as they approached the altar. It was easily a very religious experience.

In your home, you may not be able to add such elaborate stained glass works. After all, you do have to consider you are dealing with slightly different architecture, and you are trying to create a gothic look, but not build an entirely new gothic building. You can look into changing some of your smaller windows out for stained glass panels or just get stained glass window panels that you hang in front of the window and will look like the real thing, without any window replacement.

About the Author: Jesse Akre,author and owner of numerous home decor sites, offers online consumers his thoughts on purchasing outdoor accessories such as whimsical garden finials,brilliant copper weathervanes and the gorgeous combination of a weathervane cupola.

Source: isnare.com

Permanent Link: isnare.com/?aid=232359&ca=Home+Management

What Is Your Personal Power?}

What is your personal power?

by

Jacqui Tillyard

What is your personal power? Interesting question isn’t it?

Could you put into words exactly what it is like to claim and apply your own power? Many struggle to describe this concept. Others have never really thought about it and have given away their future to an unknown destiny without having ever planned and orchestrated what they want to have happen in their own life. Personal power is all about taking full responsibility for your own life and the events in it.

For some the word power in itself has a negative connotation. Mainly down the fact that someone somewhere at sometime wielded unkind behaviour which they took to be power. For me, it is the realisation that anything is possible. The inner sense of knowing that all the resources you could ever need lie within you.

[youtube]http://www.youtube.com/watch?v=62YzvoOss-c[/youtube]

It is having utter belief, commitment and determined focus to make your dreams come true in an ecological manner. What do I mean by that I hear you ask, well having your dreams, goals and aspirations happen without harming anyone, or the environment around you.

Personal power is about dedication to excellence, making the most of each moment, being charismatic, energised and feeling totally alive. Make the most of any opportunity that may arise, spotting possibilities and acting on them to make your life even more fulfilled. It can be considered a multi-faceted idea. Imagine as you experience the rush of energy when you feel in control of your life. All the choices you make bring about your outcomes, so why not make them fantastic ones to propel you forwards in life.

Creating this self controlled motivation is the ability to know what goals you want to have happen, be able to set them and then achieve them. It is the ability to influence and persuade others for greater good.

Great power comes from being able to be an outstanding communicator, know when to speak up, when to listen and when to just stay quiet and present. Perfecting this essence encompasses enthusiasm, optimism and a sheer joy for your life.

When your energy levels rise, your sense of power does too. If you can be the cause of the things that occur in your life – be the master (or mistress!) of your own destiny – you have personal power. Just tap your inner resources of self-esteem, courage, persistence and confidence.

When you have that inner knowing that you can apply yourself to achieve what you want. It is personal power that brings you success and happiness and abundance.

Copyright (c) 2008 Jacqui Tillyard

Would you like more options to improve and achieve your potential? Jacqui Tillyard offers a range of coaching solutions to help you achieve business and life success. Is it time you realized what potential you might have? Visit

jacquitillyard.co.uk

Discover FREE simple steps to fast forward your business. Jacqui Tillyard- NLP Rapid Result Expert, Realizing Your True Potential Today.

jacquitillyard.co.uk

jacqui@jacquitillyard.co.uk

Article Source:

eArticlesOnline.com

}

News briefs:June 4, 2010

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Former adult film actress forced to leave teaching job again

Friday, March 11, 2011

Tera Myers, a former actress in pornographic films, has left her position as a science teacher at Parkway North High School in St. Louis County, Missouri after her past was revealed by a student. This marks the second such controversy involving Myers, also known under the names Tericka Dye and the stage name Rikki Anderson. She was suspended by Kentucky’s McCracken County Public Schools system in 2006 after her career in pornography was made public.

Don Senti, interim superintendent of the district, said Myers was on administrative leave from her position at the school at her own request. Myers’ request, granted “out of respect for her privacy and that of her family,” came after a student inquired about her pornographic career. The district said Myers passed background checks before being hired as a teacher in 2007, but it did not know about her past until the student found out about it online, because her career in the pornography industry was legal. A Parkway representative said the Kentucky school at which Myers last worked was contacted in 2007 to verify her references, but no mention of her suspension or stint in pornography was provided.

Myers will continue to be paid until the end of the semester, at which time she is to leave the Parkway School District. “We’re surprised, very surprised,” said Parkway spokesperson Paul Tandy. “At the same time we feel for her and her family. We do believe she has tried to move on with her life … Unfortunately, even though it happened fifteen years ago, [the video] is still there.” According to Tandy, Dye “was concerned about the impact it would have in the building,” and, on March 4, informed the school’s principal of her past after being asked by the student. Myers also was the coach of the girls’ volleyball at Parkway North High School.

Myers previously taught at Reidland High School in Paducah, Kentucky, and was suspended in 2006 after a student there discovered her pornographic career. That May, Myers defended herself, saying, “Anybody who has been in my classroom could tell you how much I love teaching and how much I love these students, and that should be what matters more than anything in my past.” Known as Tericka Dye at the time, she protested against her dismissal and even appeared on the “Dr. Phil” talk show.

Myers said she became involved in the adult industry after working as an impoverished exotic dancer in California.

Acting teacher and director Milton Katselas dies at age 75

Tuesday, October 28, 2008

Acting teacher and director Milton Katselas died Friday at age 75, after suffering from heart failure at Cedars-Sinai Medical Center in Los Angeles, California. He began the Beverly Hills Playhouse in 1978 and taught acting classes there to noted actors including George Clooney and Gene Hackman. Katselas is survived by a sister and two brothers.

Katselas directed an off-Broadway production of Edward Albee‘s The Zoo Story, and received a Tony Award nomination for his 1969 direction of Butterflies are Free. Actress Blythe Danner won a Tony Award for her role in Butterflies are Free under Katselas’ direction. He moved to California to direct the film version of that play, and went on to direct films and television movies. Actress Eileen Heckart received an Academy Award for her role in the film version of Butterflies are Free.

Katselas directed the San Francisco and Los Angeles productions of the play P.S. Your Cat Is Dead! by playwright James Kirkwood, Jr. In his author’s notes in the publication of the script, Kirkwood acknowledged Katselas, and wrote that the plays were “directed with incredible energy and enthusiasm by Milton Katselas, to whom I am extremely indebted”.

Katselas directed the television movie Strangers: Story of a Mother and Daughter, and actress Bette Davis received an Emmy Award for her role in the movie. Katselas taught many famous actors including Michelle Pfeiffer, Richard Gere, Robert Duvall, Jack Lemmon, Al Pacino, Goldie Hawn, Christopher Walken, Burt Reynolds, George C. Scott, Elizabeth Taylor, Richard Burton, Alec Baldwin, and Patrick Swayze. Katselas was credited with being able to nurture actors with raw talent so that they could develop strong Hollywood careers. He utilized innovative techniques in his courses – one course called “Terrorist Theatre” had a simple premise: successfully get an acting role within six weeks or leave the course.

He grew up in Pittsburgh, Pennsylvania to parents who had immigrated from Greece, and graduated from Carnegie Mellon. He studied acting with Lee Strasberg in New York at the Actors Studio, and received advice from directors Joshua Logan and Elia Kazan.

Katselas was a prominent Scientologist, and a July 2007 profile on Katselas in The New York Times Magazine observed that some of his students stopped taking courses at the Beverly Hills Playhouse because they felt they had been pressured to join the Church of Scientology. According to the article, Katselas credited Scientology founder L. Ron Hubbard “for much of his success in life”, and one of his students works at Scientology’s Celebrity Centre. The article commented that some in Los Angeles view the Beverly Hills Playhouse as “a recruitment center for Scientology”.

Katselas met L. Ron Hubbard after moving to California, and began studying Scientology in 1965. The New York Times Magazine reported that he had reached the level of “Operating Thetan, Level 5, or O.T. V.” in 2007. According to The New York Times Magazine when Scientologists proceed up the “The Bridge to Total Freedom” they learn the story of Xenu, and that: “75 million years ago the evil alien Xenu solved galactic overpopulation by dumping 13.5 trillion beings in volcanoes on Earth, where they were vaporized, scattering their souls.” A Church of Scientology publication, Source, lists Katselas as reaching O.T. V. in 1989.

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He is brilliant, and knows me so well as a person and an actress that he gets the most out of me.

Though some actors felt pressured to join the Church of Scientology after taking courses at the Beverly Hills Playhouse, at least one individual felt Katselas was not active enough with the organization. Actress Jenna Elfman left the Beverly Hills Playhouse because she felt Katselas was not committed enough to Scientology. Katselas had previously directed Elfman in half of Visions and Lovers: Variations on a Theme, two one-act plays about relationships that he had written himself. In 1999 Katselas had planned to adapt the script of Visions and Lovers to a film version, and Elfman was set to reprise her role from the play. In an article in Variety about the project, Elfman commented on her experience working with Katselas: “He is brilliant, and knows me so well as a person and an actress that he gets the most out of me.”

Other prominent Scientologist actors who have studied under Katselas include Giovanni Ribisi, Jason Lee, and Leah Remini. According to Rolling Stone, Katselas also recruited actress Kelly Preston to Scientology. Actress Nancy Cartwright (the voice of Bart Simpson), told Scientology publication Celebrity that Katselas motivated her to get more active in Scientology, and she stated she took the organization’s “Purification Rundown” and her life “took off completely”.

Life is an endless unspooling of art, of acting, of painting, of architecture. And where did I learn that? From Milton.

Anne Archer was introduced to Scientology while studying at the Beverly Hills Playhouse, as was former Scientologist and now outspoken critic actor Jason Beghe. Beghe told Roger Friedman of FOX News in April 2008 that “He [Katselas] gets kickbacks”, and that he was brought to a Scientology center by fellow Beverly Hills Playhouse classmate Bodhi Elfman, Jenna Elfman’s husband. In a 1998 article for Buzz Magazine, Randye Hoder wrote “In his class, Katselas is careful not to label anything as a tenet of Scientology, but there is no question that the church’s influence seeps into the playhouse.”

Anne Archer’s husband and fellow Scientologist, producer Terry Jastrow, commented to The New York Times Magazine that Katselas changed the way he experiences life on a day-to-day basis: “I go out in the world and look at human behavior now. I see a woman or man interacting with a saleslady, and I see the artistry in it. Life is an endless unspooling of art, of acting, of painting, of architecture. And where did I learn that? From Milton.”

Actor Anthony Head of Buffy the Vampire Slayer spoke highly of Katselas in a 2002 interview with San Francisco Chronicle: “He’s this wonderfully intuitive teacher and his premise is basically: The only real barriers are the ones we put in front of ourselves. If you say, ‘My character wouldn’t do that’ — bollocks! Ultimately it’s you who wouldn’t say that. Who knows what your character might do.” In the acknowledgements of her 2004 autobiography Are You Hungry, Dear?: Life, Laughs, and Lasagna, actress Doris Roberts wrote: “I thank my friend and acting teacher, the incredible Milton Katselas, for his insights, wisdom, and inspiration, which have helped make me the actress that I am.”

I really care about the craft of acting. It’s absolutely necessary to take the time and patience to really develop an actor.

Katselas authored two books: Dreams Into Action: Getting What You Want, first published in 1996 by Dove Books, and Acting Class: Take a Seat, which came out earlier this month. Dreams Into Action, a New York Times Bestseller, sought to modify motivational acting exercises to the field of business.

In an interview in the 2007 book Acting Teachers of America, Katselas commented on his experiences as an acting teacher over the years: “I have very special teachers here at the Beverly Hills Playhouse—some have been with me for over twenty-five years. I believe that to make a difference over the long haul, we need to train teachers. I really care about the craft of acting. It’s absolutely necessary to take the time and patience to really develop an actor.”

Roth Ira Conversions Information For A Retirement Income Specialist

By Cory Bowman

The profession of being a retirement income specialist is a rewarding and steady job. There are many advantages to becoming a retirement income specialist; helping others and finding challenges and enjoyment in your work are some of the main positives. To become a retirement income specialist, one must usually enroll in a courses or programs to meet certain requirements and to learn the ins and outs of the field. One specific topic that a course might cover is Roth IRAs, and in particular: Conversions.

Roth IRAs are flexible investments (usually with more options than other traditional IRAs). There are many laws governing the implementation of these Roth IRAs, so a retirement income specialist must always stay up to date with the current laws. Starting January 1st, 2010, an income limit that previously prevented many Americans from converting their traditional IRAs into Roth IRAs disappeared. If your clients household income is more than $100,000 (the previous limit), converting to a Roth will be an option for the first time. Married couples filing separate tax returns also will now be able to convert. Listed below are strategies for the advisors consideration.

Pay taxes on converted amount

You have to pay income taxes when you convert. For example, a client in the 28% tax bracket will owe $28,000 (plus state income taxes) on a $100,000 conversion.

[youtube]http://www.youtube.com/watch?v=E8Ued-avGXY[/youtube]

Converting may benefit the client in the long runif a higher tax rate is expected during retirement. If, like most people, the client is not sure about his future tax rate, consider converting just part of his traditional IRA to a Roth. Doing so gives “tax diversification” because some money would be in a Roth and some still in a traditional IRA.

Consider source used for taxes

Stick with the traditional IRA if the client does not have money available outside of the IRA to pay conversion taxes. Pulling money out of an IRA to cover taxes can defeat the purpose of making the switch in the first place. By reducing retirement savings, clients reduce the ability to generate future tax-free earnings on money invested in the Roth. If under age 59, amounts pulled out of a traditional IRA to cover taxes may be subject to a 10% IRS penalty.

Two conversion strategies

If the client does not have enough money to pay taxes on all converted assets, or if doing so would push her into a higher tax bracket, consider converting just part of the traditional IRA assets. A special option applies only to 2010 conversions; the taxpayer can elect to evenly divide the tax liability over 2011 and 2012. If tax rates go up in 2011, this split-year strategy may not be a good idea.

Longer time horizons are better

A conversion may not be wise for clients who expect to withdraw money within five years. Generally speaking, the client will only be able to withdraw earnings from the account without taxes and penalties if age 59 or older and a Roth IRA has been held for at least five years. Withdrawals of the original conversion amount are always tax-free; however a 10% early penalty may still apply. The client must be either at least age 59 or wait at five years after the conversion to make the withdrawal in order to avoid the 10% penalty.

Heirs can benefit

During lifetime, the Roth IRA client is not subject to RMDs, meaning the entire amount can be left to someone else. A beneficiary who inherits a Roth IRA may be subject to RMDs, but withdraw the original conversion tax-free. Earnings are also tax-free, provided the Roth IRA meets the five-year holding requirement.

About the Author: Cory Bowman is Director of Ops at the Institute of Business Finance. IBF has helped thousands of members of the financial services industry attain designations. For more information about becoming a

retirement income specialist

, visit http://www.icfs.com

Source:

isnare.com

Permanent Link:

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