Retirement

A Retirement Income Tax Breaks from Low-Taxed Dividends

Updated: 2012-02-29 00:13:11

Income from savings help retired persons fill out their retirement income needs. Traditionally, the well-to-do have chosen municipal bonds for their tax-free income. But due to their tax-free condition, municipal bonds typically pay a considerably reduced rate of interest than ‘taxable’ corporate bonds. But whether well-to-do or not, every retirees require tax breaks. Some other income-based investments are usually taxed [...]

Tax Breaks by Using ETFs

Updated: 2012-02-27 21:48:54

For the last 4 decades, mutual funds have been a favorite investment tool of average American investors. But they offer few tax breaks. During the last few years, a brand new variety of fund has become accessible to traders seeking managed portfolios, lower costs and tax breaks. These investments, called exchange-traded funds (ETFs), trade on the major stock exchanges and [...]

Reduce Taxes Now- Convert to Roth IRA Before Tax Rates Increase

Updated: 2012-02-27 18:28:59

We have talked before about the 2 ways a Roth account reduces taxes-- tax-free growth and tax free withdrawals that a Roth IRA offers you and your beneficiaries. Frequently, converting your current traditional SEP or Simple Individual retirement account to a Roth IRA may place you ahead in the long run regardless of having to pay ordinary income tax on [...]

Spouse's Early Retirement May Lower Other Spouse's Social Security Benefits

Updated: 2012-02-26 09:58:55

Traditionally, about 50% of people eligible to collect Social Security at 62 do so. But if you do, you’ll receive about 25% less income (i.e. Social Security benefits) than waiting until your full retirement age – between 65 and 67 depending on your birthday. What implication does your early retirement have on your spouse? Everyone whose work earnings make him [...]

Longevity Insurance – Better Than a Life Annuity?

Updated: 2012-02-25 23:05:21

If you think you’ll have enough income for most of your retirement, you can guarantee your unexpected longevity with ‘longevity insurance’. This product is a repackaged deferred annuity which guarantees an income stream starting at a predetermined future time. It warrants your consideration because of its unique characteristics and can act as a substitute for a life annuity. Longevity insurance, [...]

Feb 20, Retiring to Panama the most friendly nation to retirees

Updated: 2012-02-20 21:45:33

Retiring to Panama makes a lot of sense, the goverment welcomes you like no other country

Retirement Advice for Those who Can’t Afford to Save for Retirement

Updated: 2012-02-18 19:55:38

If you're like other people in America, you may be having difficulty saving for your retirement and want sound retirement advice. Even with the tax deduction, workers that make less than $40,000 - $50,000 per year might be strapped to find room in their budgets for a qualified plan contribution (e.g. 401k plan), especially if they have dependents. Once the [...]

Tax Planning With Your Investments

Updated: 2012-02-16 22:56:25

Beyond fees and transaction costs, most all investments are subject to taxation - and this represents more expenses for you that can reduce your net return. Let’s see what’s taxed and when. By understanding how different investments are taxed, you are able to do tax planning and thereby maintain money that others pay to IRS. The federal government taxes you [...]