February 12, 2012

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Retirement tax laws could catch investors off guard

January 12, 2010 By

Lawmakers discuss tweaking the tax rules for contributing to retirement funds.

James Buchen of Wisconsin Manufacturers and Commerce says his group supports the intent of the bill (AB-648) regarding converting a traditional IRA account to a Roth IRA. It’s good for economic development. But Buchen says, it doesn’t go far enough when considering 401k and IRA contribution limits.

“To the extent that our limits for what can be contributed to those are different than what the other states have it just, again, makes Wisconsin look hostile I guess to retirees, or, you know, virtually every taxpayer who is trying to save for their retirement.”

Wisconsin will revert to the old limits from 2001, limiting taxpayers to contribute $2,000 to an IRA and $7,500 to a 401k (rather than the current $5,000 and $16,500) [Read more...]

Filed Under: Politics & Government

Listecki pressed about Weakland’s status

January 12, 2010 By

A public hearing on legislation that would eliminate the statute of limitations on civil actions against child sexual abusers turned into something more Tuesday at the Capitol. Milwaukee’s new Archbishop, Jerome Listecki, found himself on the hot seat, regarding one of his predecessors.

State Senator Glenn Grothman referred to former Archbishop Rembert Weakland as “a piece of work,” and pressed Listecki about why Weakland was allowed to attend Listecki’s recent installation Mass. “Isn’t it really a poke in the eye to all these people who’ve suffered so horribly, to continue, after the actions of this man, to give him a place of honor in ceremonies?” Grothman referred to church officials who allowed Weakland to attend the installation as “screwballs.” [Read more...]

Filed Under: Children & Families, Politics & Government

Second body found in Lake Winnebago

January 12, 2010 By

The search for two missing snowmobilers from Appleton appears to be over.

Lieutenant Todd Christie of the Winnebago County Sheriff’s Department says a dive team pulled a second body out of Lake Winnebago on Tuesday morning. The body was found in the same area that divers located the remains of 30-year-old Keith Ebben, who went missing Saturday night with his friend 29-year-old Jay Luniak. The snowmobiles of both of the Appleton men were also located in the same area of open water.

Ebben and Luniak were last seen Saturday in Neenah. Their truck and trailer were parked at a bar in Kaukauna and police began searching the lake after reports of snowmobile tracks leading into the open water.

Police have not confirmed the second body found was Luniak, but Lt. Christie says their investigation into a “very unfortunate incident” is basically over.

Contributed by Mike Kemmeter, WHBY.

Filed Under: Fires/Accidents/Disasters

Victims of sexual abuse speak out

January 12, 2010 By

Those who have been the victims of sexual abuse or incest would have more time to file a civil lawsuit against their abuser, under legislation being considered at the Capitol.  The bill would lift the statute of limitations for taking civil action, which currently is limited to before the victim turns 35. [Read more...]

Filed Under: Crime & Courts, Legislature

State education making strides but some steps to go

January 12, 2010 By

While addressing a conference of educators; State Superintendent of Public Instruction Tony Evers praised them on their hard work that has made Wisconsin a leader in graduation rates and college entrance exam scores nationwide.

But he says there is still more work to be done as 7,000 thousand students who should be graduating each spring don’t get a “cap and gown.”

Evers also mentioned the state’s racial achievement gap which is the country’s highest.

As some lawmakers and citizens outside of Milwaukee take an apathetic attitude toward the city’s underperforming school system, Evers emphasized all Wisconsinites should be concerned;”so goes Milwaukee so goes the rest of the state.”

Thirteen-hundred educators from around the state are gathering in Madison for the Wisconsin Promise Conference today and tomorrow.

Sup. Evers (:72)

eversweb11210

Filed Under: Education, Politics & Government
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