Category: Retirement Savings

Tax Carnival Ecstasy – August 20, 2013

Tax Carnival Ecstasy – August 20, 2013

Welcome to the August 20, 2013 edition of Tax Carnival Ecstasy. We start this edition an article about filing back taxes from the blog 2009 Taxes by Bill Smith. John Schmoll takes a look at when is the right time to start saving money for retirement. Finally Daniel has an article on paying a personal tax to yourself from his site Sweating the Big Stuff. Hope you like the articles, like on Facebook, +1 with Google, and share the link on Twitter.

filing

Bill Smith presents Can You Still File 2009 Taxes With Turbo Tax 2009? posted at 2009 Taxes, saying, “Turbo Tax 2009 was released in late 2009 as a way for people to prepare and file their taxes themselves from a computer.”

Leader Phil Mickelson teeing off on the 18th h...
Leader Phil Mickelson teeing off on the 18th hole at TPC at Sawgrass during the final round of the 2007 Players Championship. Mickelson bogeyed the hole but still won the title by two shots. (Photo credit: Wikipedia)

retirement

Bill Smith presents Phil Mickelson Needed to Pay 61% in Taxes For His Fame posted at 2010Taxes, saying, “Phil was recently ranked at number 7 in Forbes list that consisted of the highest earning athletes around the world but paying this heavy amount of taxes to the government(s) is really a tough thing to do for him.”

John Schmoll presents When Should You Start Saving for Retirement? posted at Frugal Rules, saying, “Saving for retirement can be challenging for many. There are many excuses to use from not having enough money to it being too far away. However, by starting to save for retirement earlier rather than later, regardless of the amount, you put yourself in the best position possible.”

John Schmoll presents Investing in Stocks: Are You a Trader or Investor? Plus a Giveaway! posted at Frugal Rules, saying, “There are various strategies investors can implement in the stock market yet many do not stop to think which is best for them. This lack of preparation can significantly undermine their investing efforts and hinder their attempts to grow wealth and saving for retirement.”

taxes

Bill Smith presents 5 Popular Business Destinations For Tax Havens posted at 2014 Taxes, saying, “Taxes can often prove to be rather annoying expenditures that Government enforces on its people.”

tips

Daniel presents Force Yourself To Save With A 100% Personal Tax posted at Sweating The Big Stuff, saying, “With income taxes, you pay the government for money you earn. But with a personal tax, you pay yourself for money you spend.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Tax Carnival Ecstasy – March 19, 2013

Welcome to the March 19, 2013 edition of Tax Carnival Ecstasy. In this edition we start with an article from Bill Smith on the effect of the tax code’s bias towards debt decreasing. John Schmoll has 4 Ways to Make Filing Taxes easier every year for us from the site Frugal Rules. Finally, Edward Webber presents The New Tax Code for 2013-2014 in the UK. Hope you enjoy all the articles, bookmark, share, tweet, like on Facebook, and visit a few of our sponsors.

Hitesh Haryani presents A Must Read, If You Want to Trade for a Living posted at OnlyForexTrading.com, saying, “Yes, it is Possible, You can become a Successful Forex Trader by Understanding & Implementing on all the points mentioned in this post with Proper Focus & Dedicated Efforts.”

dominic mondal presents Securing your Pension Plan by Investing in Self Managed Super Funds and Property posted at Recent Articles.

Quick Draw McGraw -- Quick Draw was often acco...
Quick Draw McGraw — Quick Draw was often accompanied by his deputy, a Mexican burro called Baba Looey …..item 1..Too many applicants vying for too few jobs (December 30, 2011) … (Photo credit: marsmet53)

deductions

Bill Smith presents U.S. tax reform – Effect of decrease in the tax code’s bias for debt posted at 2012 Tax – Free Tax Filing Options, saying, “The much awaited tax reform has at last arrived to reduce the tax code’s bias for debt.”

filing

John Schmoll presents 4 Simple Ways to Make Filing Taxes Easier Every Year – Frugal Rules posted at Frugal Rules, saying, “Very few people enjoy doing and filing their taxes. However, with a few simple steps you can make the process easier every year.”

retirement

dominic mondal presents What To Keep In Mind When Looking For Payday Loans Orlando FL posted at Recent Articles.

tax law

Bill Smith presents The Discretion of the President to Plan Cuts Under Debate posted at 2012 Tax – Free Tax Filing Options, saying, “President Barack Obama has been pretty vocal about the effect that automatic budget cuts are going to have.”

taxes

Alan Webster presents A Day in the Life of a Trader posted at TradingAcademy.com, saying, “Have you ever wondered what the average day is like for a trader? In this blog post we interview Steve Moses, an options trader, to sneak a peek into his average day.”

Edward Webber presents The New Tax Code for 2013-2014 posted at TaxFix Feed Update, saying, “In the UK the tax allowance is about to increase. This means that anyone working in the country can earn 9,449 pounds before they need to pay any tax. This post explains all about it.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Lifetime Annuity- How it has been Helping People

Lifetime annuity has been helping people in different ways. Investment products are deigned strategically so as to provide consumers with greater income in the future. Lifetime annuities are smart investment plans where the annuitant is entitled to receive a certain amount till he outlives. With rates of life expectancy reaching peaks, needs for lifetime annuities have been increasing. While term annuities mean that you will receive a specific amount for a specified time, lifetime annuities make sure you remain financially stable till the time you live.

Of all financial investments lifetime annuity that is fixed in nature, are considered a fruitful investment vehicle. Moreover, they are safe options for retired individuals who crave for a stable economic flow. Fixed lifetime annuities safeguard you from the risk prone fluctuating market. These investment plans promise the holder of benefits, where he is entitled to receive a steady flow of income regardless of any turmoil prevailing in the market.

While most of these investment products offer income for your life, others draw a line when it comes to offering you money. Lifetime annuities entitle you of receiving a certain sum of money either on a monthly, basis or on yearly basis depending upon your needs. Such kinds of income last for around 20 years or more. The annuitant has the right to receive the amount in lump sum. In that case he will have to inform the annuity company from beforehand.

Lifetime annuity helps avert market risks and in majority of instances the annuity provider has to bear market risks. Even if the economic conditions are poor the annuitant won’t be affected. This is why most people opt for lifetime annuity over other investment plans.

It is time you compare lifetime annuities

If you are unable to settle for the perfect investment plan you need to converse with an annuity expert. You need to seek help from a financial planner who has been in business for quite long. The expert having profound knowledge would readily offer you guidance on the same.  The expert after comparing different financial products would even go on to the extent of highlighting the merits and demerits of each product. Whether or not you will like to invest on a particular lifetime annuity investment would largely depend on his word of mouth. He is likely to show you the differences in return by using the annuity calculator and make it easier for you to select a plan.

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Annuity Quotes- its day to day application

If you are nearing retirement you might start worrying about the different pension policies and the annuities. Whatever may be the pension policies, most importantly one should focus on the lifestyle that one will carry on after one stops working. An annuity converts a huge amount of sum generally the lump sum amount of the pension into a guaranteed income after retirement that will exist for entire life you live. Retirement annuities which give the best annuity quotes include increasing annuities, guaranteed annuities, joint-life annuities and investment-linked annuities.

Annuity quotes keep on changing from one holder to the next. The main reason why rates would constantly change is due to the insurance company where the annuity is purchased. There can be up or down in the rating of the quotes because of the clauses in the contract which the insurance company applies. The companies also control the rate of quotes which is responsible for the lifestyle and health condition of the contract holder and whenever there will be a change in the lifestyle the insurance companies will have the privilege to discontinue.

The type of annuity too has an effect on the annuity quotes. As for example life annuity would have a notable effect on the quotes since such a type of payment will be based on the entire span of one’s life. This means that the holder of the contract will stop with the payment upon death. Some annuity plans also consider the dates in the contract. This involves the cancellation of the contract well before the death of the contract holder. But this is not beneficial for the plan holder since he won’t be able to claim any more money in the near future. This is why each option of the annuity must first be reviewed before taking up of any claims. Again it is the discretion of the holder of the contract if he would stick to the laws set by the insurance company or whether he would be applying for another option after the expiry of the contract.

Apart from the contract and the type of annuity, annuity quotes can always be controlled through claiming. If a contract holder would not claim his earnings in a couple of months, the insurance company will have to increase the rate of interest from about 1 to 2%. Some insurance companies increase it to about 6%. The increase in the rate of interest depends upon the bylaws of the state as well as the boundaries in the contract. Any breach of contract is entitled to immense penalty.

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