Reduce tax on Social Security and straw for a better harvest.

Nate Crosby |

Roth IRA Distributions can Keep Uncle Sam Away from Your Social Security

Retirement planning involves consideration of investment performance, risk, tax, and estate planning. While Roth IRA distributions generally have minimal impact on Social Security benefit taxation, understanding their effects can help individuals make informed decisions regarding their retirement income strategy. Roth IRAs offer tax advantages that differ from traditional IRAs. Contributions to Roth IRAs are made with after-tax dollars, allowing for tax-free growth and tax-free distributions in retirement. Unlike traditional IRAs, Roth IRA distributions do not directly impact taxation of Social Security benefits. This means in retirement; your Roth IRA can help you enjoy more income with less taxation. Who doesn’t want that? Ask if a Roth IRA can provide tax diversity to your plan.  

China’s Reopening Results and The War on Plastic. 

On our most recent podcast, Derek analyzes China’s reopening. Will it be enough to lift the global economy, or will data disappoint like a carry-out egg roll? I talk about a reversal that seems to be taking place in the war on cash. You can catch the episode on YouTube or listen to it on Spotify here

Add Straw for a Better Harvest.

One of the best perks of my job is I get a front row seat to the success and secrets of our clients. Client, Jason and I have a love for gardening. When I asked him what I could do to make my garden more productive he had a one word answer: straw.

If you have never incorporated straw with your vegetable garden, give it a try. You will thank me at harvest.

  1. Prepare the soil: Before applying straw, ensure that the soil is properly prepared. Remove any existing weeds, loosen the soil, and add compost or organic matter to improve its fertility and structure.
  2. Choose the right straw: Avoid straw from crops treated with herbicides or those prone to weed seed contamination. Ensure that the straw is dry, clean, and free of mold or pests.
  3. Apply the straw mulch: Once your plants have established and are a few inches tall, apply a layer of straw mulch around them. Spread the straw loosely, aiming for a thickness of 2 to 4 inches. Avoid piling the straw directly against the stems of plants to prevent moisture buildup and potential rot.
  4. Weed control: Straw mulch acts as a physical barrier, suppressing weed growth by blocking sunlight. However, some weeds may still emerge. Pull any weeds that manage to grow through the mulch, as they can compete with your plants for nutrients and water.
  5. Moisture retention: The straw mulch helps retain moisture in the soil by reducing evaporation. Water your plants as needed, keeping in mind that the straw can slow down water penetration. Check the soil moisture regularly to ensure it remains adequately hydrated.
  6. Monitor for pests: Straw mulch can provide shelter for pests like slugs or snails. Monitor your garden for any signs of pest damage and take appropriate measures to control them if necessary.
  7. Seasonal adjustments: In colder climates, you can leave the straw mulch in place during the winter to provide some insulation. However, in spring, consider removing or raking back the mulch to allow the soil to warm up faster and provide better access for emerging plants.

Using straw as a mulch can help create favorable growing conditions for your plants, conserving moisture and suppressing weeds. Additionally, as the straw breaks down over time, it can contribute organic matter to the soil, enhancing its fertility. Thanks for the tip Jason!

Crosby Advisory Group, LLC specializes in wealth accumulation, asset protection, and business growth. If you have a question, contact one of our experts.

Disclaimer: Crosby Advisory Group, LLC provides investment, insurance and marketing services to individuals and clients. Crosby Advisory is a registered investment advisor. This newsletter is for informational purposes and should not be considered individual investment advice. Investing involves risk including the potential reduction of principal. Not all investments are suitable for all people.