Every time I meet a client and ask them what their biggest expense is, most folks say it’s their house, kid’s education, or spouse spending too much money! But, […]
Archives for November 2011
A bond that does not pay a periodic interest payment, but trades a deep discount. Profits are earned at maturity when the bond is redeemed for its full face value. […]
A plan that individuals may establish to save for retirement. If a taxpayer meets certain requirements, contributions are deductible from earned income in the calculation of federal and state income […]
The amount of income that is used to calculate income tax due. It is determined by subtracting any deductions, exemptions, or other adjustments from gross income.
The interest from bonds issued by states, cities, or other government agencies may exempt from federal income taxes under certain circumstances. The interest from these bonds may also be exempt […]
Investment earnings that accumulate tax-free until they are withdrawn. This includes earnings from interest, dividends, and capital gains.
An annuity that only provides payments to one person. Payments cease when the annuitant dies, and there are no rights of payment to any survivor.
A retirement plan that can be establish by an employer or self-employed individuals. An employer makes contributions to each eligible employee’s SEP IRA and are allowed a tax deduction for […]