Finance

Roth IRAs: What “tax-free” really means and when it makes sense to switch

Roth IRAs trade a tax break today for the possibility of tax-free growth and withdrawals later. A recent column argues that managing future RMDs and inheritance rules is where Roth accounts — and gradual conversions — can have the biggest impact.

Las Cruces Ends Movie Studio Partnership, Seeks $1.3M Refund

Las Cruces has ended its partnership with film studio 828 Productions after the company failed to fulfill its investment and job creation promises, and the city is seeking to claw back about $1.3 million in public funds. The move highlights challenges and accountability questions in economic incentive deals for local development.

Quantum Investment in Downtown Albuquerque Could Strengthen New Mexico’s Tech Economy

New state investment and private partnerships are positioning downtown Albuquerque as a potential hub for quantum innovation, with QuEra computing serving as the anchor tenant for a new public-supported quantum laboratory. The initiative aims to turn cutting-edge research into commercial companies and high-skill jobs in New Mexico’s growing technology sector.

New Mexico Legislature Tackles Budget, Health, Education and Public Policy Early in 2026 Session

The 2026 regular session of the New Mexico Legislature opened in Santa Fe with lawmakers confronting budget priorities, health care access, and infrastructure spending amid economic headwinds. With Democrats controlling both chambers and a packed policy agenda, early action reflects efforts to balance fiscal discipline with long-term investment.

Former Albuquerque Church Treasurer Indicted in $2M Fraud and Tax Case

A former treasurer of a New Mexico abbey has been indicted on federal charges alleging he stole more than $2 million from church funds and filed a false tax return, authorities say. The case, brought by the U.S. Attorney’s Office for the District of New Mexico, highlights the severe legal consequences of alleged financial misconduct within nonprofit religious organizations.

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Albuquerque Breaks September Rainfall Record as Santa Fe Leads New Mexico Deluge

Albuquerque recorded its wettest September on record with 4.49 inches of rain, while Santa Fe led reported rainfall totals during a late-month storm that brought flooding concerns across New Mexico.

New Mexico Launches State Meat and Poultry Inspection Program, Becoming 31st State to Offer In-State Alternative

New Mexico has launched a state-run meat and poultry inspection program, giving local producers and processors a new pathway to inspect and sell products within state lines under Livestock Board supervision rather than federal oversight. Developed with the USDA, the program aims to ease access for smaller operations and strengthen local food systems.

‘We’ll Take Your Hand’: Tomasita’s Employees Find Temporary Work After Fire Forces Restaurant Closure

After a fire forced Tomasita’s to close last week, more than 25 of its employees have found temporary jobs at other establishments, allowing them to stay employed and earn income during the Balloon Fiesta.

Just Like a Movie: “Up”-Inspired 94-Balloon Cluster Soars at 2026 Albuquerque Balloon Fiesta

A 94-balloon cluster inspired by the iconic Disney-Pixar film “Up” became one of the standout sights at this year’s Albuquerque International Balloon Fiesta on Saturday. The cluster made its way to Arizona early Sunday morning.

Highland Middle School Teacher In Critical Condition After Allegedly Being Shot by 13-Year-Old Student

Special education teacher Kelly Matthews remains critically injured after he was allegedly shot by a 13-year-old student at Highland Middle School in Hobbs. Authorities said the shooting happened Friday, and the investigation is still ongoing.