Investing Your Self Directed Ira Or 401k In Philippine Condotel Investment Real Estate

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As of last year, finance and retirement experts suggest that approximately 2% of the nations $3 trillion in IRA investment is stashed in real estate and other non-traditional investment vehicles. If you’re considering using your IRA savings to invest in real estate, there are some excellent reasons that you should choose Philippine Condotel Investment real […]


Your Kids Can Reduce Your Taxes And Get Rich

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One often-overlooked tax benefit for business owners is putting their kids to work in their business. If you are self-employed you can take advantage of this by paying your kids $4,000 each for performing services in your business. The business gets a tax deduction for the compensation and that saves taxes on the parent’s tax […]


Debunking Common Myths About Iras

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According to a recent “Retirement Trends” survey by Fidelity Investments, 96 percent of Americans saving for retirement don’t know the current contribution limit for an individual retirement account, with some guessing as low as $1,000. The reality is that for tax year 2005, IRA contribution limits increase to $4,000 — up from $3,000 in 2004. […]


Tax Tips For Real Estate Investors Using Ira Funds

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You’ve seen the advertisements and news articles. IRA funds can be used to make real estate investments. But before you jump on this bandwagon, make sure you understand some of the tax planning angles related to this opportunity. Passive Loss Deductions Almost always, an important component of your real estate profits comes from the tax […]


In America There Are Two Tax Systems

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“In America there are two tax systems, one for the informed and one for the uninformed. Both systems are legal.” One of America’s most famous jurists, Justice Learned Hand made this statement over forty years ago. When used today, one would certainly have to include the little understood world of Individual Retirement Accounts (IRA’s). The […]


Tax Magic How To Turn Taxable Income Into Tax Free Income

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Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit. Here’s one of my favorites. It’s been part of our tax code for over 30 years, yet many still don’t take advantage of it. What am I talking about? The IRA — Individual Retirement […]


Ira Distribution Mistakes How To Blow Your Retirement Money

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With the population aging and over 4000 people a day being forced to take IRA distributions (such distributions are mandatory by April 1 after reaching age 70 1/2), mistakes in taking IRA distributions can total in the billions. Yet, because people have had no prior experience, mistakes are rampant. Here are 4 common IRA distribution […]


Not To Late To Make 2005 Ira Contribution

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Many Americans make annual contributions to individual retirement accounts. If you haven’t done so for the 2005 tax year, you still can. Not To Late To Make 2005 IRA Contribution Contributing to individual retirement accounts just makes sense. Most don’t believe social security is going to survive for long. Even if it does, one has […]


Debunking Common Knowledge About Iras

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According to a recent “Retirement Trends” survey by Fidelity Investments, 96 percent of Americans saving for retirement don’t know the current contribution limit for an individual retirement account, with some guessing as low as $1,000. The reality is that for tax year 2005, IRA contribution limits increase to $4,000 — up from $3,000 in 2004. […]


Convert To Roth Ira Regardless Of Income 2010

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An odd quirk in the recent legislation to extend the Bush Tax Cuts is giving IRA holders a huge break. For one year, and one year only, the income cap will be gone. Convert To Roth IRA Regardless of Income – 2010 2010 may seem like a long way off, but something magical is going […]


Roth Ira

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The Roth IRA (Individual Retirement Account), named after Senator William V. Roth, Jr., came into effect on January 1, 1998. A result of the Taxpayer Relief Act of 1997, the Roth IRA provides a benefit which is otherwise not available in any other form of retirement savings. If you meet the criteria and subscribe to […]


A Quick Guide To Understanding Your Individual Retirement Account

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It’s never too early to begin preparing for your retirement and one of the best ways to prepare is to set up an Individual Retirement Account (often referred to as an IRA). The purpose of an IRA is to serve as a personal tax-qualified retirement savings plan. Anyone who works, whether as an employee or […]


Why Go The Traditional Ira Way

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There are many ways to save for one’s retirement. It is very important to be well informed especially because few employers do offer retirement plans. Even in cases where it is offered corruption and mismanagement abound. It means that individuals have to be proactive in managing their retirement saving. There are two types of Ira; […]