Sentences with phrase «money in a regular account»

You might as well keep that money in a regular account without any attempt to gain a tax advantage.

There are significant downsides to «The best option is to set aside the money in a regular account, with no special tax provisions;».

I know when it comes time to think about saving for any future child's schooling, I think I am just going to save money in a regular account in my own name, and write a check when the time comes.

The best option is to set aside the money in a regular account, with no special tax provisions; and then when they are close to graduating determine the best way to handle the transfer.

I think that is a key factor in the decision, putting money in a regular account can make contingency planning a little more difficult.

Not exact matches

The national average for a gallon of regular gasoline is at its lowest level in four years, giving U.S. consumers billions more to spend this holiday season, but that extra money is being offset by higher food costs, which account for a bigger chunk of most consumers» budgets.

If you get regular paychecks in fixed amounts, set up automatic transfers to move money from your checking account to a savings account or retirement fund right after payday.

But if you have any money in a regular old taxable account, taxes can be another hidden cost that really hurts your returns.

And you won't be taxed on that $ 5,000 contribution (or any returns it earns) until you take the money out at retirement, so your investment has a chance to grow even faster than in a regular investment account.

Or are you interested in turning your household's balance sheet into an income fortress that feeds money into your account on a regular basis, and you just accept the 15 % tax rate as the cost of doing business?

The rate on money market accounts, which are discussed in depth here, tend to be somewhat higher than the rates on regular savings accounts.

According to data from SNL, rates on most money market accounts have inched up by just two - hundredths of a point in the last 12 months, while rates on regular savings accounts haven't budged at all from an average of 0.13 %.

In addition to facilitating regular investment in the platform's money market fund, this feature allows accounts to be set up to receive monthly salary deposits automatically, and to automatically pay monthly bills such as mortgages and car loans — services similar to direct - deposit and autopay functions offered by traditional financial services providerIn addition to facilitating regular investment in the platform's money market fund, this feature allows accounts to be set up to receive monthly salary deposits automatically, and to automatically pay monthly bills such as mortgages and car loans — services similar to direct - deposit and autopay functions offered by traditional financial services providerin the platform's money market fund, this feature allows accounts to be set up to receive monthly salary deposits automatically, and to automatically pay monthly bills such as mortgages and car loans — services similar to direct - deposit and autopay functions offered by traditional financial services providers.

And with a bank account overflowing with money from unknown, possibly illicit, sources, Wiseau's ignorance of the filmmaking process proves to be less a barrier than an opportunity for an equipment rental company to sell him a package deal, including a staff of filmmaking professionals less interested in making Wiseau's vision come to celluloid life than collecting a regular paycheck.

The money just appears in your account on a regular schedule.

The money borrowed is secured in the member's savings account while regular payments are made.

If the money is in their regular savings account, which has an interest rate of 5.05 % APY, you can earn about $ 23 of interests in 8 weeks.

You can get the money in cash, or checks, which you can just deposit on your regular bank account.

I take it to mean that you have money in a Roth TRA account but it isn't invested into a stock fund, or that you have the money ready to go in a regular bank account and will be making a 2015 contribution into the actual IRA before tax day this year, and the 2016 contribution either at the same time or soon after.

Third, you should convert only if you have money in a regular taxable account to pay the tax bill triggered by the conversion.

This means that although you earn more money over time than with a regular savings account, your money will still have less buying power in the future.

The latter involves borrowing a lump sum, which will then show up as additional money in your regular taxable account — and possibly hurt you when you next apply for financial aid.

For example, putting my money in a tax - free savings account yields a better return than a regular savings account because of the tax savings.

Of course, you could simply save up money for your kids in a regular account, but with trusts you don't have to pay the taxes on capital gains.

Unlike RRSPs, you won't be taxed when you take out the money, and your money will accumulate faster than in a regular account due to the tax - free growth.

You could put money in a regular taxable mutual fund or brokerage account, paying taxes on your investment income every year, and racking up more tax liability when you sold your shares after their value had risen.

While you could just stick the money in your regular savings account at your brick - and - mortar bank, going with an online bank instead is the better choice.

If you have arranged in advance to make regular electronic fund transfers out of your account (s) for money you owe others, you may stop payment of preauthorized transfers from your account.

In exchange for not touching the money, you earn a slightly higher, fixed interest rate on your principal than you would from a regular savings account.

In fact, if you choose to borrow money from your IRA, the entire account balance will instantly be treated as regular income and taxed accordingly.

For now I don't hold money in a regular trading account but I guess I'll eventually will.

Whether you have your retirement investments in a regular investing account or in an IRA, you need money saved so why not get an instant return and tax - free growth?

In the end, your savings will grow thanks to dividend rates that exceed those of regular Savings or Money Market accounts.

The minimum investment requirement (the least amount of money you'll need to assemble a Powerfund Portfolio) in a regular taxable account is currently $ 42,000 (as of 7/1/10).

When it comes to interest rates, you will get a 0 % introductory interest rate on balance transfers for the first 15 months so long as you transfer the money in the first 45 days after opening your account, but no introductory rate on regular purchases.

If you lump in your emergency fund money together with the funds in your regular chequing account, you'll be more tempted to spend it because you'll see it regularly, and it's easily accessible.

I didn't like to see this money just sitting in my regular banking account.

If this money remains in your regular account then there is a possibility that it will be spent after other needs.

But even though the I.R.S. assumes the plan will make monthly payments in retirement, which is why it allows people to save so much over a short period of time, owners shut down most of these plans and roll the money in them to a regular retirement account, said Mr. Goldblatt, whose firm advised Mr. Rogers.

Saving money in a regular checking or savings account is one costly mistake that you'll end up regretting later.

If you have an account with Bank of America, you can qualify for an additional bonus on top of the regular rewards — anywhere between 10 % to 75 %, depending on how much money you have deposited in a BofA account.

Put those short term savings in a savings account, whether it be at your local bank, say in a money market account or a regular savings account, or a higher yielding savings account like the ones I describe here.

It is unclear, at the moment, whether or not money in your Acorns Later account will be included in the awesome «Account Potential» tab that is currently built into the regular Acoraccount will be included in the awesome «Account Potential» tab that is currently built into the regular AcorAccount Potential» tab that is currently built into the regular Acorns app.

But McBride says most savers are smart to stay liquid in money market accounts: «In a rising - rate environment, you want the ability to reinvest on a regular basis» at higher yieldin money market accounts: «In a rising - rate environment, you want the ability to reinvest on a regular basis» at higher yieldIn a rising - rate environment, you want the ability to reinvest on a regular basis» at higher yields.

Use this calculator to see how your money can grow more quickly in a Roth IRA than a regular IRA account.

You can avoid this fee when you meet any ONE of the following requirements during each monthly statement cycle: Keep an average daily balance in your checking or a linked Regular Savings account of $ 5,000 or more OR Keep a $ 10,000 average daily combined balance in linked checking, savings, Money Market Savings, CD and IRA accounts OR Keep an outstanding balance on a linked installment loan or line of credit of $ 15,000 or more OR Keep total combined assets in eligible, linked Merrill Edge or Merrill Lynch investment accounts of $ 15,000 or more OR have a linked Bank of America first mortgage loan that we service.

In general, we found that money market accounts at standard brick - and - mortar banks are similar to regular savings accounts, except that they offer better rates at the cost of higher account fees and higher minimum balance requirements.

Or are you interested in turning your household's balance sheet into an income fortress that feeds money into your account on a regular basis, and you just accept the 15 % tax rate as the cost of doing business?

The Forex trading margin account is very similar to a regular bank, in which you can deposit and withdraw your money.

In this scenario, your money might work harder if you were to stick to your regular loan payments, and increase the contribution to your retirement account, said Reardon.