- December 13, 2013
- admin
- Uncategorized
Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay. The IRS Code states: “We will […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
The number of people who are financially unprepared for retirement is staggering. One study revealed that more than half of the adults in the U.S. were planning to depend solely on Social Security for retirement income. Another study indicated that the great majority of Americans do not save nearly enough money. This Financial Guide provides […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
Save As Much As You Can As Early As You Can. Though it’s never too late to start, the sooner you begin saving, the more time your money has to grow. Gains each year build on the prior year’s — that’s the power of compounding, and the best way to accumulate wealth. Set Realistic Goals. […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
Decisions about retirement, including understanding your Social Security benefits, are among the most important ones you will ever make. This Financial Guide provides information you need about Social Security benefits to help you plan for your retirement years. Table of Contents Eligibility For Retirement Benefits Amount Of Your Retirement Benefits Choosing Your Retirement Date Benefits […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
In 2011, nearly 35 million retired American workers received an average of $1,181 average monthly benefit in Social Security retirement benefits. In fact, Social Security is the major source of income for most of the elderly. But by 2036, there will be almost twice as many older Americans as today — from 41.9 million today […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
Annuities may help you meet some of your mid and long-range goals such as planning for your retirement and for a child’s college education. This Financial Guide tells you how annuities work, discusses the various types of annuities, and helps you determine which annuity product (if any) suits your situation. It also discusses the tax […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
When must you start withdrawing the funds in your retirement plans? And what happens if the funds aren’t withdrawn before you die? To what extent will your heirs be taxed? The rules are complex but there are ways the savvy taxpayer can maximize the tax shelter. Table of Contents Withdrawal While You’re Alive Withdrawal After […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
If you are thinking of retiring soon, you are about to make a major financial decision: how to take distributions from your retirement plan. This Financial Guide will discuss your various options. And, since the tax treatment of these distributions will influence your decision, we will also review the tax rules. Table of Contents Take […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
Roth IRAs differ from other tax-favored retirement plans, including other IRAs (called “traditional IRAs”), in that they promise complete tax exemption on distribution. There are other important differences as well, and many qualifications about their use. This Financial Guide shows how they work, how they compare with other retirement devices–and why YOU might want one, […]
- November 4, 2013
- admin
- Guides, Life Events, Planning For Retirement
Several different types of retirement plan – 401(k), defined benefit, and profit-sharing – can be made to suit a prosperous small business or professional practice. But if yours is a really small business such as a home-based, start-up, or sideline business, maybe you should consider adopting a SIMPLE IRA plan. Table of Contents How Much […]
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