Word: withdrawn
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Dates: during 1990-1999
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Should you convert? You'll have to pay income tax on the amount you shift. But the money can be withdrawn tax-free in retirement. Generally, if you meet the income limits (less than $100,000 household income), won't need the money for at least 10 years, and can pay the tax without dipping into IRA funds, you should convert. By doing so before year-end, you get to spread the resulting tax bill over four years. If you've already converted and find that your stocks or funds have fallen in value, reconvert to cut your tax bill...
...Education IRA, which lets you set aside $500 per child each year, must be funded by year-end. Like the Roth, it allows your money to grow and be withdrawn for college free of tax, but it offers no deduction. You can take as much as a $1,500-per-student credit on 1998 taxes by using the Hope Scholarship and prepaying now for the college spring semester. You can take up to a $1,000 credit per family by using the lifetime learning credit. Each program has income limits and other restrictions...
...sliding into darkness. The Nov. 22 killings were a first for Jakarta, but since late summer there have been more than 250 lynchings across the archipelago. The killings seem to be a product of fear, economic frustration and a breakdown of law and order as security forces are withdrawn from the provinces to cover demonstrations in the cities. In Sumatra recently a man was beaten and burned alive because he couldn't tell suspicious residents the precise address of a relative he was visiting. "The reality principle is breaking down," says Professor Sarlito Wirawan Sarwono of the University of Indonesia...
...appeared to be under the lash of some private demon," is slightly less benign and a lot more interesting. Uncle Walt actually didn't have an avuncular bone in his body. Though he could manage a sort of gruff amiability with strangers, his was, in fact, a withdrawn, suspicious and, above all, controlling nature. And with good--or anyway explicable--reason...
...over the past ten years the payout-the percentage of endowment money withdrawn and used in the budget every year-has not kept pace with the market, as top administrators hoarded Harvard's money for a rainy...