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- The Eight Years Between Retiring at 62 and Claiming Social Security at 70 Are the Lowest Tax Bracket Most Retirees Will Ever See. A Couple Spending $60,000 Can Convert About $70,000 a Year to a Roth at 12% and Never Pay 22% on It Again
Many new retirees live off savings from age 62 and wait until 70 to claim Social Security, filing with very little taxable income even though these years offer the lowest tax brackets they will see. For a married couple filing jointly in 2026, income taxed at 12% extends to $100,800, so a couple spending $60,000 could convert about $70,000 a year to a Roth, moving $560,000 over eight years and saving $56,000 compared with paying 22% later. Waiting until 70 can backfire, as Social Security plus required minimum distributions can make up to 85% of benefits taxable, pushing a 22%-bracket couple's effective marginal rate to 40.7%. Converting before 65 can also cost ACA premium subsidies, Medicare premiums are based on income from two years earlier, and taxes withheld from a conversion never reach the Roth.
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- Our society, right now, is a machine for creating homelessness
The first instalment of the Montreal Gazette’s “Fixing Montreal” series opens with the deaths of two unhoused people in Montreal, prompting Mayor Soraya Martinez Ferrada to call on all levels of government to act, while Julien Montreuil of L'Anonyme warned that society is “a machine for creating homelessness.” Per a 2025 count, homelessness in Quebec rose 20% since 2022 to more than 12,000 people, including over 5,000 in Montreal, where the shelter network of about 2,400 places is regularly at capacity. In Ville-Marie, overnight stays at a local organization climbed from 165 to more than 1,500 compared with four years earlier, showing the crisis spreading to smaller regions. Tensions with residents have risen in neighbourhoods with many front-line services, and the Notre-Dame St. encampment swelled to over 150 people in about 200 tents this summer. The article argues that Montreal cannot solve the issue alone and that the Quebec government must act.
- My sister moved in with our widowed mother, 78, and says she deserves the family home. Is she right?
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NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.
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Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.
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