Posts tagged as:

taxes

Capital Gains Tax

by TheProAdvisor on September 4, 2009

taxesCapital Gains Tax – The amount of tax charged on the earnings of an investment.  Normally gains are classified as short-term (less than one) or long-term (more than one year) based on how long you had the investment.  As of September 2009, Capital Gains Tax is charged at 15% by the federal government for long-term investments and at normal income tax rates for short-term investments.  Some states charge an additional tax on Capital Gains.

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Tax Deduction

by TheProAdvisor on September 4, 2009

deductibleTax Deduction - An expense or loss that can be deducted against your income for purposes of determining income taxes.

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Tax

August 27, 2009

Tax – A fee charged by a government on a product, income, or activity.  If tax is charged directly to a person or business based on income, then it is a direct tax.  If tax is charged on the price of a good or service, then it is called an indirect tax.  Taxes are used [...]

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Qualified, Non-qualified, and ROTH – What’s the Difference?

August 26, 2009

When it comes to investments, there are generally two types – Qualified and Non-qualified.  So what exactly do these two terms mean?  They specifically relate to the tax treatment of the investment, or in simpler language, how the investment is taxed.
A Qualified investment is one where the taxes on the invested dollars and interest earned [...]

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Should You Be Using Life Insurance In Your Retirement Planning?

July 6, 2009

So when did life insurance become a retirement account?  With the recent decline of the stock and real estate markets, many are rethinking insurance as an asset class.  Products like whole life, universal life, and indexed universal life have maintained their values when other assets like, stocks, mutual funds, variable annuities, and real estate haven’t.
So, [...]

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Tips for Buying Life Insurance – What You Need To Know.

June 22, 2009

Life insurance is one of the most commonly misunderstood and under-used financial products available. Why is that? Most people don’t understand how, why, or when to use life insurance.

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Qualified Retirement Plans – Good Idea or Ticking Time-bomb?

June 10, 2009

Qualified retirement accounts like IRA’s, 401k’s, and 403b’s have been gaining in popularity over the last 30 years.  They have almost entirely replaced corporate pension and defined benefit plans, with the few exceptions being government employers and union workers.  While all of the plans are technically different, they do have several major similarities.
First, qualified retirement [...]

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The fall of Medicare and Social Security – the end of an era?

May 14, 2009

Can Medicare and Social Security be saved? Should they be saved? Finally, what are the consequences either way? Find out the truth about Medicare and Social Security.

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The real National debt – a $5 Trillion surprise!

April 19, 2009

So what is the National debt?  The National or “public” debt is what our government has obligated us to pay in the future.  Some of this money is owed back to “we the people” in the form of interest and principle payments on government bonds (loans from the public) and others are owed to foreign countries [...]

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The true value of permanent life insurance.

April 16, 2009

Life insurance has many different uses.  The first uses for modern insurance in the US were to ensure that you were protected from the unexpected.  Insurance eventually evolved to where its basic premise came to be thought of as spreading the risk among others, so that individuals could trust that they or their survivors would [...]

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