The Tax Questions Blog

Posts Tagged ‘personal_finance’

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Question: Are Sheltered Tax Annuities a Good Idea??

Answer: I agree with the longer response below. However, you should always consult a professional when trying to find out answers to your financial future. Asking questions like this can be valuable when trying to figure out where to go, but you should always get professional advise. I currently have a tax sheltered annuity and am young and it fits in nicely to my portfolio. I used a few places during my search that maybe can help you http://annuities.rezponze.com was one of them. I filled out the forms and was contacted by someone that explained the best way to fit this into my portfolio...
You can also go to http://www.annuity.com and read a few articles there....

Annuities For Dummies $9.99 Why look into annuities? If you're a Baby Boomer with little or no pension and most of your money in low-interest savings accounts, an annuity may be the key to a secure and comfortable retirement. How can you find out whether an annuity is right for you? Read Annuities For Dummies.This plain-English guide is packed with the latest information on choosing the best annuity for your retirement needs...

U.S. Master Tax Guide (2013) - Includes Top Federal Tax Issues for 2013 CPE Course $49.97 The U.S. Master Tax Guide (MTG) provides helpful and practical guidance on today's federal tax law. This 96th Edition reflects all pertinent federal taxation changes that affect 2012 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax. The 2013 MTG contains timely and precise explanations of federal income taxes for individuals, partnership...

The Only Investment Guide You'll Ever Need $7.60 For more than thirty years, The Only Investment Guide You’ll Ever Need has been a favorite finance guide, earning the allegiance of more than a million readers across the United States. Now even more indispensable, this completely revised and updated edition will show readers how to use money to their best advantage in the wake of epochal change on Wall Street, no matter how much or how little ...

The Hindu Business Line : ULIPs may lose flavour sans spice of tax advantage

Unit-linked insurance policies (ULIPs), which constitute the bulk of the business for insurance companies, may cease to be a popular investment product if the revised discussion paper on the Direct Taxes Code (DTC) is implemented in its present form.

Financial Planning: Annuities : How a Tax-sheltered Annuity Plan Works

Question: What are the advantages/disadvantages of tax-deferred annuities?

Are they good for long term investment?

Answer: In my (and many others) opinion, Tax-deferred annuities do NOT make sense even if you have money left over after maximizing contributions all tax deferred or tax free investments you are eligible for [401(k), Roth IRA, IRA, etc.]. Their costs are very high, they are not liquid, and when you do take out your profits, your capital gains are taxed at the higher income rates, not at the current low capital gains rates.
There are many mutual funds that are managed to be tax efficient and they have much less in fees.
Advantages: If you can't sleep at night without some type of "guarantee" not to lose your principal, then the annuities that offer a "guarantee" maybe better for you than a treasury bond. Just make sure the insurance company backing up the guarantee is a rich one. Make sure they do business in New York State, the state with the toughest insurance company regulations.

The Executor's Guide: Settling a Loved One's Estate or Trust $23.34 Executor? Settle a trust or estate with this all-in-one guideIf you're faced with wrapping up the affairs of a loved one who has died, you may feel overwhelmed by all the work ahead -- especially when you're grieving. But with the right legal and practical information, you can do it.The Executor's Guide will help you make progress one step at a time by assisting you in navigating an unfamiliar lan...

The Executor's Guide: Settling a Loved One's Estate or Trust $34.70 Settling an estate can be like moving through a maze -- let The Executor's Guide lead the way. If you're faced with wrapping up the affairs of a loved one who has died, you may feel overwhelmed by all the work ahead -- especially when you're grieving. But with the right legal and practical information, you can do it. The Executor's Guide will help you get organized and make progress one step at...

McCaulay's Series 65 Practice Exams and Study Guide for the Uniform Investment Adviser Law Examination $55.47 This book will help investment professionals pass the Uniform Investment Adviser Law Examination. McCaulay's Series 65 contains twelve practice exams and a study guide. The sample questions are the type that are most likely to appear on the Series 65 test and are in the same format as those on the exam. The questions are straightforward multiple choice questions with four choices and one best an...

Buy variable annuity carefully

Investors should not choose a variable annuity before doing a little homework.

EH - Financial Planning: Annuities : How a Tax-sheltered Annuity Plan Works