Sentences with phrase «after tax money so»

Not exact matches

«All you have to do after you initially save that money is let it sit on the sidelines, ideally in a 401 (k) plan or an IRA so that you don't» have to pay capital gains or dividend taxes on your gains,» Cramer said.

Some will form ESOPs primarily to involve and provide incentives for employees; others may do so to borrow money for the business at a lower after - tax cost.

When we both started our Roths, we were in college and couldn't imagine a time where we would have a lower effective tax rate, so happily contributed with after - tax money.

Remember, contributions to Roth IRAs are made with after - tax money so there is no tax advantage to waiting until the last minute to make your contribution.

Since it's non-deductible, it's already consider After - Tax money, so you won't be taxed on the conversion.

After you hit the threshold that society deems large enough that you won't be caring much about your expenses, the excess money gets taxed significantly so as to level the playing field - which is good, one could argue, else wealth would become ever more concentrated in the same families» hands.

«After voting to raise taxes on the average Central New York family by more than $ 5500 over the last two years, spending State money so recklessly that New York almost went bankrupt, and approving an increase for people on welfare even if they refuse to work, David Valesky should be spending his time apologizing to Central New Yorkers, not arranging for payoffs, which secure his ability to further damage our region and state.

Unfortunately, not long after the French Revolution began and the revolutionaries were all, «Hey, fuck you rich tax collector, dude, we want our money back so we can eat», and well, Lavoisier was beheaded.

I have been saving up and planned to leave the restaurant after I paid my taxes this year, but since we decided to go to Hawaii, I'm going to work until we leave to save money so we don't have to pick and choose what we do.

So after taxes and other non-operating expenses, B&N will most likely lose quite a bit of money, somewhere between $ 1.10 to $ 1.40 per share.

For example, if you're pulling money from a traditional IRA and you're being taxed at the new federal 24 % tax rate, you could withdraw roughly $ 52,600 so you'd end up with $ 40,000 after taxes.

So, logically, the next move would be to shift your assets from your home by taking out a mortgage and investing the money in securities that should outperform the after - tax cost of the mortgage, thereby enhancing net worth in the long run and your cash flow in the short run.

Contributions into 529 plans are always after - tax money, so the only amount that could be taxable is the earnings (listed in Column 2).

The end result (again, assuming you did not have any previous money in pre-tax IRAs, so you don't have issues with the pro-rata rule) is the same as a regular Roth IRA contribution, which is better than a non-deductible Traditional IRA contribution because the earnings are after - tax too.

However, many forms of investment income are taxed at a lower rate than money earned by working, so compared with your salary, you may not need to make quite as much from your investments to have the same amount in your pocket after taxes.

Remember that if you just invest your money yourself, the investment is in after - tax dollars, and the growth (dividends and capital gains) are generally taxed at a lower rate than income, so it's still a good deal.

But after learning about the tax code, I realized I was just giving up my present income so the government could have some more money during the year.

For the Roth IRA, you contribute after - tax money, so you can't write off the money regardless of where it comes from.

You're wasting money if you buy more insurance than you need, so think about how much you contribute, after taxes, to your family's income.

I was a victim of IDT last year, I filed in Jan 2014 last year and didn't receive my refund until Apr 20th 2014... This year I had to get a Ip Pin to file my taxes, the IRS said that they sent me a ip pin in the mail, but I never did receive it, so I had to get a replacement pin, I called the IRS hotline to see what the status of my refund was and they said that it was looked at on Feb 5th, so to count 6 - 8 weeks after that, Which means I have to wait another 2 weeks, I am getting so frustrated... If I am getting my refund deposited in the same bank account as last year, why is it taking so long for them to give me my money?

So, for example, if the Traditional IRA grew, then the «earnings» are not part of the basis (i.e. the earnings are before - tax and need to be taxed on withdrawal) even if they grew from after - tax money.

Might as well put away after - tax income now, so that when you are older (and hopefully richer... lol), you can take that money out tax - free.

With a Roth IRA, you pay taxes when you put the money into the account, so it contains earnings after tax.

my bank sent my check back because my husband not on my account every year they took it, but my husband passed away last year and they put that on my return we filed jointly and now i guess we wait ive learned that if you call it will take longer so i guess i just wait, the only thing is i had to pay my friends back that helped me with both my husband and daughters funeral, both were sudden so i wait the good news my husband was a vietnam veteran and the VA will be giving me money back not all for his funeral he was service connect disability after he passed away agent orange exposer but they do give me a dic benefit which is tax exempt, so just sharing so your people know a couple of things thank you, question when they issue a check willit still have my husbands name on it even tho he passed away and yes it is on the irs paper work just wondering thank you blessings

Inflation is the measure of the rate at which prices increase, so if savings don't beat inflation after tax, they're losing you money.

ok i filed on 2/2 accepted same day, i got approved a week after with a DDD of 2/18 but did nt receive my refund, then i woke up on 2/19 with all 3 bars but still no money in my account, i check the SBTPG site and it says they havent receive federal tax refund, so i called turbotax they say they do nt see nothing so i called the Treasury Center and they told me no payments where send out till this day, now my question is, whats going on im so confused and need a real answer, thanks!!

So, when I say it's futile you are not really going to make any money in real terms, after fees and taxes and inflation, you'll be lucky to break even and in all likelihood for the forseeable future given how low interest rates are and how much that's being done to get inflation a little higher, you may well gradually lose money.

Plus start saving money to pay back your loans in full or at least so that you can fight the tax shelter company in court when they come after you.

This limit is for the total of all 401 (k) money for the year, so if you maximize your contributions ($ 23,000 if 50 or older, $ 17,500 otherwise) and your employer matches with $ 10,000 in contributions, you'd be limited to an additional $ 24,500 in after - tax contributions for the year.

I received a letter from my brokerage that they miscalculated the interest, and putt back the money in my investment account my question is for tax purpose what should this amount of money that I paid before as an interest be considered after I got it back Interest income, so it will all taxes or capital gain so 50 % will be taxed, or it was calculated in my tax calculation for year2009

I don't think so because I already paid taxes on the money in my bank account and Roth is after tax.

This is allowed because qualified plans can't accept after after - tax traditional IRA money, so the transfer overrides the usual pro rata rules and «strains» the basis out and leaves it in the trad IRA.

«Even after the additional income, his marginal tax rate is at least a few percentage points higher than hers, so he'd benefit more by making his own RRSP contributions,» says Noel D'Souza, a Toronto CFP with Money Coaches Canada.

There really are so many factors you could take into the calc of whether or not it's a good investment that it makes my head spin... There's Time value of money, tax deductions, interest paid, investment return if you invest the difference up front, investment return if you invest what would have been your mortgage payments after you're done paying off the mortgage, etc. etc..

So when you input withdrawals into this program, you'll need to enter $ 800 and NOT $ 1,000, to make a true apples - to - apples comparison (because all withdrawals input into the program are after - tax spendable money.

If you google this subject you will find hundreds, even thousands of articles that incorrectly state that when you pay back your loan you are doing so with after - tax dollars and that even worse, when you take this money out of your 401k in retirement, you'll be paying taxes again.

The money invested in a Roth IRA has already been taxed, so no additional tax is taken out after retirement when the funds are distributed.

And the premiums are paid in after - tax dollars, so you can always withdraw from your cash value up to your basis (the amount of money you've put in) without paying any additional tax.

A type of IRA that allows you to make after - tax contributions (so you don't get an immediate tax deduction) and then withdraw money in retirement tax - free as long as you meet the requirements.

The money you use to repay the loan is coming from after - tax dollars, and so you're losing the benefit of the retirement plan as a tax shelter.

So if you're inputting $ 1,000 in annual withdrawals into the Investment Comparator, then you'll need to input the amount of withdrawals that will equal $ 1,000 in spendable money, after the taxes are paid on the insurance product withdrawals.

So you'll most always lose money with most all bank investments, like CDs, because their after - tax returns are most always below inflation.

In case you didn't know, after basic things like wills are all in order, estate planning is basically nothing but using trusts, life insurance, and other strategies to «give your money away without really giving it away,» just so you won't have to pay Federal estate taxes when you die.

Hyperactive money managers can generate a lot of capital gains income in a bull market so that your after - tax returns are actually pretty low.

Max out over-payment of mortgage (was 5.09 % at the time and in Canada there is no mortgage deduction, so that's saving after tax money) 4.

The mind trick is that the 401k loan amount represents cash that has never been taxed, so has much less purchasing power compared to after tax money (you realize this when you pay taxes and the loan contributions).

Since the 3.5 % mortgage tax is (for now) tax deductible, our net after - tax cost of the mortgage is closer to 2.5 %, so in essence, it's costing us < 0.5 % to borrow the money.

And the premiums are paid in after - tax dollars, so you can always withdraw from your cash value up to your basis (the amount of money you've put in) without paying any additional tax.