Wait, our plan already allows for Roth deferrals, isn't that the same as after-tax
Allstate said it lost $670 million pre-tax, or $529 million after-tax
, in November due just to the Camp and Woolsey fires, a result that reflects the impact of reinsurance recoveries and reinstatement premiums.
operating income1 was $427.6 million, or $10.41 per diluted common share, compared to after-tax
operating loss1 of $122.8 million or $3.03 per common share, for the same period in 2017.
A USD 3.06 per diluted share, after-tax
, loss from continuing operations, excluding non-controlling interest - included in this loss is an estimated one-time USD 3.78 per diluted share loss related to the reduction in the carrying value of deferred tax assets due to the lower corporate tax rate established by the Tax Cuts and Jobs Act.
Example 2: After hearing about this rule, Marge calculates that her $25,000 of after-tax
money (her nondeductible contributions) was 25% of her $100,000 IRA on the date of the distribution.
Still, numerous 403(b) plans have never allowed for after-tax
contributions, primarily because those are subject to average contribution percentage (ACP) testing.
While deferring wages up to this contribution limit is the goal for some clients, in order to truly maximize the 401(k) option, others have sought to take advantage of the after-tax
contribution limit as a means to eventually fund a Roth IRA.
Since the notice was released, advisors have been paying closer attention to after-tax
plan funds, but many are still unclear about basic rules.
The Internal Revenue Service in late September issued long-awaited guidance on the allocation of after-tax
amounts to rollovers, which answers what IRA guru Ed Slott said is one of the most common, if not the most common, question that he gets from advisors.
Due to booming season, Merida declared after-tax
profits of NT$1.552 billion (US$51.73 million) in the first three quarters, rising 22.86% year on year (YoY) from NT$1.263 billion (US$42.1 million), with after-tax
EPS of NT$5.45 (US$0.181).
The client is in a 20 percent federal/state tax bracket and has seen her annual income from this yield decline from about $18,000 ($14,400 after-tax
) in 2008 to only about $9,000 ($7,200 after-tax
) in 2012.