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Mike is the local political agitator and has been on his soap box to denounce the local mayor of the city where he lives. He claims the mayor has stolen from the city treasury and calls on all citizens to march on city hall. During his speech, Mike burns in effigy a likeness of the mayor. Mike was arrested by city police and charged with inciting a riot and slander, as well as making threats against a public official.
Annual Contributions
Yearly monetary additions made to retirement savings plans, investment accounts, or other savings vehicles.
Taxable Amount
The portion of income, withdrawals, or distributions subject to tax.
Annuity Payment
Periodic payments received from an annuity contract, usually for retirement income, which can be fixed or variable in amount.
Roth IRA Withdrawals
Withdrawals from a Roth Individual Retirement Account that can be tax-free if certain conditions are met, such as the account being open for at least five years and occurring after the age of 59½.
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