bribes and kickbacks charitable and political contributions demolition expenses or losses dues to business, social, athletic, luncheon, sporting, airline and hotel clubs lobbying expenses penalties and fines you pay to a government agency personal, living and family expenses repairs that add to the value of your property or significantly increases its life
Tag Archives: taxes
How do you avoid the estimated 50% total taxes from your 401k before you reach 59.5 yrs old?
A qualified plan can be moved to another qualified plan (tax deferred). After moving to a qualified plan such as an Index Annuity (with up to 13% return), You can use the yearly return to fund your Index Strategy UL, with tax-free accumulation. For those who do not have a 401k or self-funded retirement plan,Continue reading “How do you avoid the estimated 50% total taxes from your 401k before you reach 59.5 yrs old?”
Do we know how we spend our money each month?
Feb % of net income Feb Mar %Mar net income less taxes and deduc 30000 30000 car ins 200 1% 200 1% car rent 1300 4% 800 3% home rent 3200 11% 3200 11% other insurance 250 1% 150 1% food and grocery 800 3% 750 3% Dinner-restaurant 500 2% 250 1% travel,cell,work expenses,cert,mags,CE,student loansContinue reading “Do we know how we spend our money each month?”
3 wealth destroyers to fight ferociously: taxes, inflation and overspending by Bruce Fraser
. When financial planner J. Landon Loveall was a teenager growing up, he says, “I guarded my Lego creations with life and limb from the destructive nature of my little sister.” Loveall is founder and president of Cumberland Wealth Planners in greater Nashville, Tenn. Creating wealth is not unlike building something solid with Legos, as Continue reading “3 wealth destroyers to fight ferociously: taxes, inflation and overspending by Bruce Fraser”
Protect the final return of your investments from taxes
Investment Return [Your final investment return after 25 years is $500k after initial investment of $100k and $10k annually.] But what about taxes? Will it be around 50% Rate of return This is the annually compounded rate of return you expect from your investments before taxes. The actual rate of return is largely dependent onContinue reading “Protect the final return of your investments from taxes”
When Planning For Retirement by Lowell Herr
When Planning For Retirement by Lowell Herr
If you have made debt a part of your everyday life, you need to get rid of it as soon as possible, before you find yourself in retirement. Remember that during retirement, you don’t work for income. Whatever amount of money you get is through pension funds, and investment flow is not a regular sourceContinue reading “When Planning For Retirement by Lowell Herr”
Retirement Planning Dos and Donts every M-F in Mt View
Understanding IRAs Individual Retirement Accounts Understanding Annuities What is my potential estate tax liability What your savings could grow to, an estimate Social security retirement income husband and wife How much will I earn in my lifetime Leasing a car is better than buying Lump Sum today is more beneficial for you 2013 Federal incomeContinue reading “Retirement Planning Dos and Donts every M-F in Mt View”
taxes,where your money go,itemized tax deductions
Taxes and Retirement plans
Most tax provisions for retirement allow you to shift taxable income from your working years, when you are probably in a higher tax bracket, to post-retirement years when you may be living on less. With a Roth Individual Retirement Arrangements (IRAs), on the other hand, you may choose to pay tax now on money thatContinue reading “Taxes and Retirement plans”
Dodging 529-Plan Tax Traps, save money for college the right way
Pay attention to timing. There is no IRS ruling yet whether withdrawing money from a 529 account in one year and using it the next is allowed or not. Make sure the expenses qualify. Double-check that you allowed to withdraw 529 savings to pay for college bill. Take any scholarships or tax credits into account.Continue reading “Dodging 529-Plan Tax Traps, save money for college the right way”
The Rise Of The Cash Economy
The Rise Of The Cash Economy. ——————————————————————————– Trust Strength Integrity Community Solution minded Clients first My goal is helping one family at a time maximize wealth, minimize taxes, grow their retirement savings at 13.5% return ,safe,guaranteed and with access to funds when cancer , stroke or disability arise for funds up to $1.5M. HelpContinue reading “The Rise Of The Cash Economy”
The Rise Of The Cash Economy
The Rise Of The Cash Economy By jackcollier7 EVER WONDERED WHY BANKS AND GOVERNMENTS DON’T LIKE CASH? A puzzling thing emerges if you study the economic statistics for the Developed World. The productivity index for the Eurozone is up only 3% since 2005, and while this may be understandable for the benighted countries within the singleContinue reading “The Rise Of The Cash Economy”
To retire or not to retire at 62 or 70 yrs old
Below are feedback from many retirement planners. Taxes An IRA is 100 percent taxable but only up to 85 percent of Social Security is taxable,” she adds. If you take Social Security at 70, “you’ll have more money available for your retirement years.” Reduced Benefit Although you are eligible to begin taking Social Security atContinue reading “To retire or not to retire at 62 or 70 yrs old”