Iotas showcase young designer

it works: Say you are paying $400 a month to repay student loans. Under the provisions of the new law, your employer can legally consider that $400 payment as a contribution to your 401(k) even though the money is going to your student loan. That makes you eligible for the employer match. So, if your employer matches your contributions dollar for dollar up to the first 4 percent of your salary, you are eligible for that match even though technically you are not contributing money into your retirement account.

For those who have been saving in a 401(k) or 403(b) account for years, you might consider what they call a Roth conversion – convert your traditional 401(k) or 403(b) into a Roth. It might be as simple as filling out some paperwork in a 401(k). However, there are pluses and minus to this move.

Plus. As I said before, when you begin to withdraw your money from the Roth 401(k) it will be tax free. You have already paid taxes on your contributions, and the money grows in the account tax-free. Minus. If you convert your traditional 401(k) to a Roth, you must pay the taxes now on the traditional 401(k). Many people don’t have the cash outside of their accounts to make those tax payments.

Also, the money you are rolling over will count as taxable income for that year. That may, in fact, push you into a higher income tax bracket.

As always, I recommend that you consult a financial planner or a tax advisor, or both, to help you with complicated money decisions.

Rodney A. Brooks is a Texas Metro News Columnist and Senior Fellow at Prosperity Now. The author of Fixing the Racial Wealth Gap: Racism and discrimination put us here, but this is how we can save future generations, he has written for USA TODAY, The Washington Post and National Geographic.

Iota Phi Lambda Sorority, Inc., Psi Chapter, will host the Spring and Summer Fashion Show, featuring their 2023 Youth Entrepreneur Honoree, Ms. Dymecia “MeMe” Daniels. This dynamic event will be held on Saturday, April 8, 2023, at the Courtyard by Marriott Dallas Midlothian @ Midlothian Conference Center 3 Community Drive Midlothian, Texas 76065.

General admission is $20.00, and donations are welcomed. All proceeds will benefit their

49th Business Month Education and Scholarship Fund.

Donations can be made via PayPal: PsiChapter36@gmail. com or Zelle: PsiChapter1936scholarships@ gmail.com. All proceeds will benefit the sorority’s

501c (3) education and scholarship fund. Include with payment the following memo: “Education and Scholarship Luncheon”. For further information, Wonda Traylor at psichaptersg@ gmail.com.

By Vincent L. Hall

Took a lobbying trip to Austin last week for the first time in years. It’s a noble idea, but frankly, Scarlett, if you don’t beat these low-life “pro-life” Texas Republicans at the ballot box, your issues are dead. They are all White, all right, and their racist moves are out of sight.

The takeover of Houston ISD schools by the State of Texas is just their latest coup! The people who warn against WOKE culture can’t wait to catch you sleeping so they can rape and plunder. Guess what? You were asleep last November, and now your ass is exposed.

That’s right! I said it! I’m tired of you Negroes feigning surprise and clutching your pearls whenever these White folks show you who they have been forever. If being freed from slavery three years late (Juneteenth) wasn't enough, you need a good cussing.