Sentences with phrase «generate after tax income»

Gina, does your market even have an inventory of houses you could buy, fix and either hold or flip for the amount of money you plan first to use to pay your refi on your current house and then to generate after tax income.

Not exact matches

The two most common financial oversights entrepreneurs make are underestimating how many of their everyday expenses are being subsidized by their business — medical and life insurance premiums, club memberships, vehicles, travel and entertainment costs, etc. — and overestimating the amount of after - tax investment income that can be generated from the proceeds of the sale.

That $ 400 / month bought me an income property that now generates $ 350 / month in profits after expenses, plus gives me a massive tax deduction every year (around $ 20k once you factor in depreciation and expenses, yes, including the entire mortgage, property tax, etc - all the stuff that this article says there's no way to write off)

Assuming that they invest $ 1.5 million of their financial assets at 3 per cent after inflation and use up all income and capital in the 37 years to Nancy's age 95, it would generate $ 65,700 per year or $ 5,475 per month before tax.

I see it as a permanent 75 % tax on a piece of work that generates income with almost no expense after the initial development and setup charges.

And of course if you're in the top tax bracket with a top marginal tax rate of 46 %, the situation is even more dire: as a reader commented below, it would require $ 1,850 of gross income to generate $ 1,000 after - tax capital.

Assuming that they invest $ 1.5 million of their financial assets at 3 per cent after inflation and use up all income and capital in the 37 years to Nancy's age 95, it would generate $ 65,700 per year or $ 5,475 per month before tax.

Assuming that the couple's present total taxable and TFSA savings balance of $ 202,000 rises to $ 248,500 in 7 years when Nancy is 60 with a 3 per cent return after inflation and no tax, the savings, annuitized to pay out all income and principal in the 39 years to Jacques» age 90 would generate $ 910 per month.

When you invest in non-registered or taxable accounts, not only does the capital you invest come after being subject to income tax, but all dividends, interest and capital gains generated from that capital will be further taxed each and every year.

So, we will owe roughly $ 3,000 in federal taxes, but even after paying taxes, we should generate way more than our income needs.

For example, with a deferred annuity that's funded with after - tax money, any growth generated is tax - deferred until withdrawn, at which point it is taxed as ordinary income.

«When investing in a mutual fund, whether the advisor fee is deducted from income generated within the fund structure (as is the case with embedded mutual funds), or whether the fee is deducted at the investor level personally, the net after - tax result is the same.»

Maximize your after - tax return by holding your highest - taxed investments (those generating ordinary income or short - term gains) in tax - advantaged accounts, after funding your emergency reserves.

I have the rental process down to a science and the after tax income it generates has funded a number of improvements on the property and it helped to pay down the mortgage.

After all, even if you can generate a consistent 5 per cent annual return on your investments, a $ 1 million RRSP would generate just $ 50,000 a year in income, and that will be taxed once you start withdrawing it (either in the form of a Registered Retirement Income Fund or RRIF, or via voluntary withdrawals from your income, and that will be taxed once you start withdrawing it (either in the form of a Registered Retirement Income Fund or RRIF, or via voluntary withdrawals from your Income Fund or RRIF, or via voluntary withdrawals from your RRSP).

All those years of maxing out RRSPs to generate a tax deduction on your earned income come back to bite you after 71, because you'll have to convert your RRSP into a Registered Retirement Income Fund (the other options are turning the holdings into an annuity or cashing out, but the tax consequences of the latter are horrenincome come back to bite you after 71, because you'll have to convert your RRSP into a Registered Retirement Income Fund (the other options are turning the holdings into an annuity or cashing out, but the tax consequences of the latter are horrenIncome Fund (the other options are turning the holdings into an annuity or cashing out, but the tax consequences of the latter are horrendous).

It's important to remember that we're talking here about a scenario where an investor has a limited amount of RRSP room and has to decide which investment - fixed - income or a dividend stock - should go inside the RRSP to generate the maximum after - tax return for the overall portfolio.

Pension splitting can generate many thousands of dollars in additional after - tax income for retired couples, particularly if — as is often the case — one of them enjoys a generous defined benefit (DB) pension and the other does not.

This chart shows the taxable yield you would need to achieve at your tax rate to generate after - tax income equivalent to that of a tax - free vehicle.

I appreciate the information on tax minimization, but I am curious how you handled the reduction to after tax earnings and your ability to generate sufficient passive income for financial independence during your pre-55-60 years.

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.

Remember, though, in order to count such a lunch as a business expense for federal tax purposes, the main purpose of the lunch must be business; you must discuss business before, during, or after the meal; and you must have a reasonable expectation of generating income or some other business benefit.

Can I generate $ 3K per month of passive income (after taxes) given a $ 100K investment into commercial real estate?

CFBT is the number of dollars a property generates in a given year after all expenses but in turn still subject to the real estate investor's income tax liability.

Dollar for dollar, life insurance will generate 2 - 3 times the after tax retirement income of a typical brokerage account.