The rich people, earn, invest and pay taxes while the poor earn, pay taxes and spend. We can be better this 2014. There are 420 tax deductions as a business owner. Call Connie 408-854-1883 motherhealth@gmail.com to be a business owner with no capital and experience in 50 US states. Call for a risk free, tax-free with health benefits investment/savings plan that grows between 8-13%.

Deadly sins of investing

  1. Fear: Volatility is a norm in stocks. Invest in stocks only when you can afford to lose $5k.
  2. Neglecting to rebound your portfolio. Make a habit of saving and investing at least 10-20% of your income early in life.
  3. Paying too much in fees. Control your expenses.

Where to save when you max out your 401k/IRA?

Save at Index Annuities and Index IUL (tax-free retirement savings) ,call 408-854-1883 motherhealth@gmail.com
Connie Dello Buono CA Life lic 0G60621 in 50 US states (1708 Hallmark Lane San Jose CA 95124)

Tax Breaks for the rich

  1. Education
  2. Investment interest
  3. Gambling loses
  4. Home sale gains (primary residence up to $500k in capital gains is tax free)
  5. Alimony

Taxable accounts

Investing some of your savings in a taxable account is an especially good idea if you’re saving for both retirement and college. If you come up short while your child is in college, you can tap your taxable account without paying income taxes and early-withdrawal penalties. Taxes on these accounts aren’t deferred, but most investors pay just 15 percent on long-term capital gains and qualified dividends; investors in the 10 percent and 15 percent tax brackets pay 0 percent. Meanwhile, withdrawals from your tax-deferred accounts will be taxed at your ordinary income rate, which currently ranges from 10 percent to 39.6 percent.

Call Connie 408-854-1883 for a tax-free retirement savings.