Compound Interest Doesn't Add Much To Your Wealth by Francis Kier
... The point is this: when money is in a retirement account, it isnít yours until the government taxes it and releases it to you. More reference material for this article is available at If you start playing around with realistic compound rates, the serious increase in earnings doesnít start until after 50 years. So unless you are a 4 year-old with $50,000 in the bank and have the discipline to never spend it, even the concept of compounding is fairly irrelevant for your financial future.
IRS Offers Free State Sales Tax Deduction Calculator by Richard Chapo
... If you itemize your tax deductions, you already know that you can claim a deduction for the total state income taxes you paid during the year. Depending on your state, that can be a very large tax deduction. But what if you live in a state that doesnít collect income taxes? For the last couple of years, you could claim a deduction for the total state and local sales tax you paid on your purchases. In fact, you can do this regardless of whether you live in a state that collects income tax or ...
Einstein's Rule Of 72 by Roger Sorensen
... If you figure that inflation averages 3% you're just above breaking even, and if you figure the income taxes you paid on the 4% growth, you are loosing money. If you're 35 and your money is growing at 12%, you will have SIX DOUBLES by age 60! If you're 50 and your money is growing at 12%, you have 1.6 DOUBLES LEFT by age 60! What does this mean? It means you need to start investing your money as soon as you can. Today is a good time to begin.
The Tax Payer as Gilligan by Kemberly Wardlaw
... The tax was a mighty hurtiní vice, our wallets paid the price; working hard to pay our share, itís not always fair, itís not always fair. The economy started heating up, so the Fed put on the breaks; if not for the courage of the consumerís purse, things couldíve been Ďlot worse. The yields hit bottom as we turned our focus to the source of political fate; with deficits, the Speaker too, the President and his wife, those movie stars, the terrorists and Al Greenspan; here and in every ...
The Skinny on Mutual Fund Investing by Mika Hamilton
... but the potential for loss is real and must be considered. Mutual fund investing can be advantageous because there are a number of federal regulations in place that are designed to protect investors. The actual investments that the fund makes are watched closely by market analysts and financial managers whose job it is to make appropriate decisions regarding the mutual fundís investments. The downsides include costs, taxes, and fees which must be paid regardless of how the fund performs.
Child Support Calculators by Kevin Stith
... In order to get the net income, mandatory expenses such as income taxes, Social Security and Medicare tax, union dues, and health insurance dues are subtracted from a parentís gross income or the amount of income from wages and investments. Aside from net income, there are also different factors considered in determining child support, such as the time spent with the child and the number of children between the parents. Special circumstances are also factored into the formula.
Top 10 Tips When Buying Pre-paid Calling Cards by Candice Pimentel
... Add the taxes and the fees that come with the card. Watch out for the very expensive international calls. Heaven forbid if you decide to dial international number and call your parents or loved ones overseas, you will realize that your talk time is speedy talk time so that you can finish your conversation. Mind boggling plans and more plans: As soon as a pre-paid calling card is chosen, the next dilemma will be, which plan to choose. It is so hard to understand the perks for each plan.
Save for Retirement by Martin Lukac
... When you invest into a 401K program the money you have taken from your check will be deferred from having to pay taxes on it. Your money will stay tax-free until you remove the program. If you draw the money out early, you have to pay a penalty so once you invest into your 401K try to leave it there. You can borrow on it after you have a certain amount in but plan on paying a high interest rate. There is an advantage to this because the interest goes back into your investments giving you ...