Archive for category Finance

Top 10: States With Best Credit Scores

Top 10: States With Best Credit Scores

ShareShare on Tumblr Lenders look at credit scores as a way to gauge a person’s creditworthiness. In today’s recessive economy, it might seem like everyone is taking a hit to that all important credit score. It will probably come as a surprise to you that some states are faring better than others. Living in a […]

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A Family Limited Liability Company Vs A Family Limited Partnership

A Family Limited Liability Company Vs A Family Limited Partnership

ShareShare on Tumblr A family limited liability company (FLLC) and a family limited partnership (FLP) are legal entities set up to help manage family assets, afford protection from creditors, and help reduce estate and gift taxes for transferring family wealth. Understanding how they benefit you is very important taxwise. Forming an FLLC may be more […]

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Claiming Income Protection Insurance ATO: Tax Deductions And Benefit Payments

Income Protection Insurance ATO

ShareShare on Tumblr Copyright (c) 2014 Kerrie Peacock Whether you are claiming tax deductions on premiums or lodging a claim for benefit payments on your income protection insurance, the Australian Taxation Office (ATO) must always be involved. Therefore, you must always be aware of the restrictions and applicable rules when claiming deductions. You should also […]

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90 Years of Inflation in 90 Seconds

Inflation

ShareShare on Tumblr Times have changed when it comes to the purchasing power of a dollar. According to the United States Bureau of Labor Statistics, to buy the same goods you’d pay $10 for in 1922, you’d have to spend $140.65. After getting through the economic depression that followed World War I, people started to […]

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Changes to IRS Section 179 Deduction

Changes to IRS Section 179 Deduction

ShareShare on Tumblr IRS Changes Section 179 Deduction – If you were among the entities who found the stimulus-driven IRS Section 179 Deduction complex or even cryptic, fear not. Now that you have become familiar and probably delighted with the benefits this deduction provided from 2010 through 2013, the time has come to forget about […]

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Death TPD Insurance Deductible: How Much Of Your Premium Is Deductible?

TPD Insurance Deductible

ShareShare on Tumblr Copyright (c) 2014 Kerrie Peacock Death TPD Insurance Deductible is a key incentive for seeking cover through complying superannuation funds. However, you need to know the right type of cover that offers the best tax deductions. Buy A Whole Of Life Policy For 30% Death TPD Insurance Deductible The Australian Taxation Office […]

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Take A Tax-Based Profit On Your Retirement Contribution If Your Income Drops Significantly

Tax-Based Profit On Your Retirement Contribution

ShareShare on Tumblr Government-regulated retirement plans offer you a tax-advantage – a way to put more into your retirement savings when you contribute. These contributions are tax-deductible; and then, for added benefit, their earnings grow tax-deferred. Your eventual withdrawals are taxed as ordinary income at hopefully a lower tax bracket. But even over a very […]

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Can You Get Your Income Tax Refunded? – The EISy Option

Can You Get Your Income Tax Refunded? - The EISy Option

ShareShare on Tumblr It’s only being human to feel that it would be great to be able to somehow get some of the considerable amounts of income tax we paid back to us. In the past, investors have been encouraged to fund more pensions because of the lure of getting tax relief and many doctors […]

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Student Loan Debt: President Obama’s Profit Plan In Motion

Student Loan Debt President Obama's Profit Plan In Motion

ShareShare on Tumblr Over the next decade, federal student loan debt is set to generate a profit of $185 billion from students and their families as they struggle to pay off their college debt. If the profit remains consistent through 2023, the government’s student loan program will meet Fortune magazine’s annual list of the world’s […]

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Revamping Credit Credibility

Revamping Credit Credibility

ShareShare on Tumblr If you just had some knowledge about the amount of money you owed and who you owed it to, you could have prevented this debt crisis. It’s now time to buckle down and fix your credit. Follow this advice to improve your credit score quickly if you need to seek the help […]

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Stocks, Bonds, & Mutual Funds

Stocks, Bonds, & Mutual Funds

ShareShare on Tumblr When it comes to investing your money for retirement, mutual funds are, more times than not, the way to go. If you have read a number of personal finance articles, you might notice that writers continually talk about these funds. Still, they often fail to explain the basic premise behind mutual funds; […]

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CPA Addresses IRS Job-Hunting Tax Deductions

CPA Addresses IRS Job-Hunting Tax Deductions

ShareShare on Tumblr If you are looking for a job, your local CPA advises you to keep track of the expenses. Believe it or not, there are tax deductions for some expenses accrued during job-hunting. Looking for work is a time consuming full-time job on its own. Having the correct clothes to wear to interviews, […]

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Reposition Your Income And Growth Investments To Minimize Taxation

Minimize Taxation

ShareShare on Tumblr The before-tax contributions allowed for government-regulated retirement plans (such as 401(k)s and IRAs) entice many people to invest and grow a large fraction of their retirement savings within those plans. But money you eventually withdraw from them is taxed at ordinary income rates – a potentially high rate. And their required minimum […]

Annually Revise Your Savings Withdrawal Rate To Maintain Your Asset Value

withdrawal rate

ShareShare on Tumblr Perhaps you rely on your savings to supplement your Social Security and Pension incomes. If so, make sure you revise how much you withdraw each year to make your savings last. Ideally what you take out of your savings should increase with inflation each year so the purchasing power of your withdrawals […]

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Safe Cash Advance Online Regulations Could Help Credit Card Debt Too

Credit Card Debt

ShareShare on Tumblr What would happen to credit card usage if safe cash advance online loan regulations applied to them as well? Most people look at the direct lender as the predatory lender, but if you examine the history of the credit cards and how they became a household money source, you may think that […]

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