Several regulators have called recently for drastic changes in the money-market mutual-fund industry. Proposed "reforms" include abolishing the industry by getting rid of the stable $1 net asset value that is the essence of the product and requiring costly "capital buffers" that would tax investors far beyond any realistic estimates of risk. Their expressed motivation is to prevent destabilizing "runs" in money-market funds that could exacerbate the next financial crisis. In 2008, regulators were spooked by the difficulty large corporations faced in issuing commercial paper during the week when Lehman Brothers and AIG failed. One money-market fund holding Lehman paper had broken the buck, meaning its investment income didn't cover operating expenses or investment losses, and there was f...
People often ask, "What do I do with all these papers?" This is a good time of year to make sure essential documents are organized. Filing tax returns will be easier if information about income sources, expenses and investment records is accessible. Everyone should have these basic documents available:
A potential tax tidal wave may find its way to your personal bottom line in 2013. As part of the health care reform bill, households with modified adjusted gross income (MAGI) of $250,000 or more will see their Medicare tax bill jump from 1.45 to 2.35 percent. For single people, the increase will take effect at $200,000 MAGI. For those hard-charging folks in this income category, health care reform also includes a new surtax of 3.8 percent on net investment income, which includes taxable interest, dividends, capital gains, rents, royalties, annuities and passive activity less applicable expenses.
The deductibility of interest arising from investment activity provides taxpayers with a tax deferral opportunity, but taxpayers must compare the relative value of the deduction and capital gains treatment. The deduction is limited by the taxpayer's net investment income for the year. Net income includes dividends, royalties and interest less investment expenses. Taxpayers with large interest payments and limited current income may wish to elect to have capital gains treated as investment income to increase the interest deduction.
The Balanced Investment Option allocates your contributions equally between the U.S. Equity Investment Option and the Fixed Income Investment Option. The objective of the Balanced Investment Option is to generate long-term growth, but with less short-term volatility than the U.S. Equity Investment Option alone. The portfolio will be rebalanced periodically to maintain a 50 percent allocation to the U.S. Equity Investment Option and a 50 percent allocation to the Fixed Income Investment Option. Currently, withdrawals for qualified higher education expenses are exempt from federal income tax. The law allowing federal income tax-free qualified withdrawals is set to expire on December 31, 2010. The U.S. Congress may or may not extend the law. If the law is not extended, the earnings will...
Several studies on US aging population are discussed. A study conducted by the Urban Institute concludes that by the time baby boomers hit the age of 67, they will have more wealth and higher incomes. Paine Webber research reports that the widely used statistical measures understate boomers' savings, wealth, income and investment while overstating their expenses.
Parents have another reason to open a 529 college savings plan as a means to pay for their child's education now that Congress has made tax-free withdrawals permanent. Since being created by Congress 10 years ago, the growing tax benefits have catapulted the 529 into the most popular form of college savings. The 529 plans, managed by states, encourage parents to save for college by allowing contributions to be deducted from the income tax of most states, including Colorado. Investment earnings grow tax free, and withdrawals to pay college expenses are tax free.
[Michael G. Shinn], CFP, Registered Representative and Advisory Associate oj and securities offered through Financial Network Investment Corporation, member SlPC. Visit www.shinnfinancial.com/or more information or to send your comments or questions to shinnm@/financialnetwork.com. © Michael G. Shinn 2008. Neither Michael Shinn nor Financial Network provides tax advice. Please consult a tax professional before implementing any strategy. If you want to achieve your financial goals, it is imperative to manage the major source of your potential wealth - your cash. Are their ways that you can take advantage of today's relatively low interest rates by possibly refinancing your mortgage or switching to a lower rate credit card? Have you maximized your income potential? Would overtime or a sec...
...? Consider alternative ways to reduce expenses such as buying clothes during seasonal sale period...
...(TSE:HCN.UN.) announces net income including special items for the quarter ending Sep.... Investment and Other Income . For the nine months ending Sept... period $ 679,718 $ 564,613 Organization expenses on formation of the partnership - (14) Issue of pa...
Some of those strategies include: * Enroll in your company's benefit plans - health insurance, healthcare reimbursement, life insurance and disability insurance. * Contribute to your 401(k) plan to maximize the company match, the maximum limit and the over age 50 catch-up limits. * Review your tax situation with aCPA by estimating your income and determining if you should prepare or postpone certain deductible expenses. * Review your investment portfolio for winners and losers.
ver las páginas en versión mobile | web
ver las páginas en versión mobile | web
© Copyright 2013, vLex. All Rights Reserved.
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company
Other interesting searches:
Icici Venture Funds Management Company Limited | recommendation engine | Donna Green | John Salazar | Geokinetics Inc. | jurisprudencia mexico | derechos morales wikipedia | Dolo causante | tutela judicial | desocupacion inmueble
