Sentences with phrase «post tax money»

You don't pay taxes on withdrawal of the cash value because you used post tax money to buy it, just like a Roth.

Growing money tax free in a Roth (post tax money) IRA or 401K, then taking it out tax free is huge.

The goal would be to have a mix of pre / post tax money, so that over the course of their life, the 25 % bracket was avoided, perhaps completely.

First, a Roth is funded with post tax money.

Since Roth is post tax money, that withdrawal of deposits has no tax due either.

Growing money tax free in a Roth (post tax money) IRA or 401K, then taking it out tax free is huge.

Why would you contribute to an Traditional IRA and pay taxes on post tax money (since you can not deduct the contribution at some point due to income limits) and not put in a taxable account and be able to pay only capital gains?

Ideally everyone should max out their pre-tax retirement funds first, but if you don't have enough funds and want to retire earlier then a decision to have more accessible post tax money will still work.

Not exact matches

Donald Trump told companies that owed him money to pay it instead to his tax - exempt foundation, according to The Washington Post.

The «Mad Money» host reminded viewers that Amazon started collecting state and local sales taxes years ago, and that if the Post Office pushed back on their deal, Amazon could simply take its business to FedEx or UPS.

In the post, Gates said the main feature of cryptocurrencies is «their anonymity» — which is not good, he said, because the government needs to track money laundering, tax evasion and terrorist funding.

With a couple thousand dollars from my summer job life guarding (more to come on this in a future post), I opened up a US Federal Treasury Money Market fund that enabled me to avoid paying any taxes.

Thus, the remainder of this section contains more speculation than elsewhere in this post — the truth is that while the idea is simple (fork = free money = taxable), the details are messy and other kinds of tax treatment might apply to forks.

Going back to your post a couple days ago where Bob Brown gave his forecast for equity returns of about 6 % (3.2 % after tax and inflation), if you give up another 2 % + in expense ratio, an investor might as well put their money in long term certificates of deposit and eliminate risk.

President Trump is starting to do the things that many of the people worried about before he got elected (tax reform convinced many that he would not ruffle markets): Amazon under pressure as the White House is Tweeting up a storm about the company ripping off the USPS and not paying enough taxes — Today, Pres Trump said the US is giving a subsidy to Amazon — He noted that the company has the money to pay for additional USPS shipping rates; — Commented that the post office continues to lose «billions» due to Amazon.

Last August, the Post reported, «The Senate Permanent Subcommittee on Investigations completed its report on UBS's role in helping wealthy investors shield money from federal taxes.

«Sanders» attacks have forced her to go far to the left with her criticisms of Wall Street and the tax - the - rich stuff, the attacks on Bill Clinton and his record, all of which have forced her to spend a lot of money that she shouldn't have had to spend in her home state,» one of the state's best - known Democrats told The Post.

In his latest post, he criticised Mr. Mahama for wasting tax payers money on his «Accounting to the people tour»

Excellent post, private i. Particularly odious is the $ 4 billion in corporate welfare out of our tax money.

«I am delivering extra money for the pupil premium, extra money for post offices, tax cuts for low income earners, crackdown on tax avoiders... these are things that are happening because we are in a coalition government - because Liberal Democrats have their stamp not just on the government but on the Treasury, too.»

Writing in the NY Post, WNY Rep. Chris Collins slams «King Cuomo» for calling the congressman's vote in favor of tax reform «treasonous,» adding: «While I fight in Washington to lower taxes on working families, (Cuomo) demands more money from the hardworking people of New York to feed his never - ending appetite for wasteful spending.»

According to the Washington Post, an Education Department spokesperson said the program was nixed because «it was not a wise use of tax dollars, in part because the money was to be used for planning, not implementation.»

posted July 20, 2012 Re: «It's Real Money» (editorial, July 5) Disappointing was the editorial arguing that the Educational Improvement Tax Credit — a decade - old, bipartisan - supported program that gives children educational options through voluntary business tax credits — «costs taxpayers.&raqTax Credit — a decade - old, bipartisan - supported program that gives children educational options through voluntary business tax credits — «costs taxpayers.&raqtax credits — «costs taxpayers.»

First, the Washington Post published a story on November 3rd claiming that teachers spend nearly $ 1,000 a year on supplies — money that might no longer be deductible under the Republican tax cut plan.

A court battle over a campaign for the ballot initiative illustrates the problem: A lawsuit filed in November alleges public money and property were improperly used when posting political signs on campuses about the tax.

Since I published that post a couple of months ago, the Canadian government has introduced a new tax - free savings account (TFSA) which basically allows Canadians to save money in an account where none of the earnings (interest, dividend, capital gains) are taxed.

As you know from last week's post on tax - efficient investments, I have a decent chunk of money in my taxable investment account and that will continue to grow at a decent pace until retirement.

Not one post here seems to take into consideration what your tax rates will be say 20 yrs from now when you are taking the RRSP money back out and you really need to consider what hat percent might be in the future.

In my post titled Don't Give the Government an Interest - Free Loan, I advocated changing your withholding so that the government doesn't owe you any money (or at least not very much) at the end of the tax year.

Previous post: Money, Wealth, Life Insurance: How the Wealthy Use Life Insurance as a Tax - Free Personal Bank to Supercharge Their Savings — Book Review

So it actually will most likely be a disadvantage — because taxes may rise (you said it somewhere later in the post or comments), or because we are «stuck» with all this money until we're 59.5 +.

I posted to pay off the rest of my loan using money from my tax return.

Post Office Money Online Saver is open to anyone aged 18 or over and a UK resident for tax purposes.

However, we allow posts by independent writers depending on the quality their relevance towards financial stuff like personal finance advice, investment, money saving tips, insurance, tax planning... more.

In this post from Canadian Money Forum, users discuss RBC Direct Investing's foreign exchange practices with a Tax Free Savings Account (TFSA).

You can have your benefits (including tax credits and pensions) paid into this account and can take money out at a post office counter.

I have read a lot of posts (like Will I have to pay taxes in India when I transfer money from a US bank to an Indian savings account?)

I know it gets more complicated, with tax strategies, pretax / post tax investments, etc etc but in the end, if you start early, all you need to do is put your money in diversified stocks for 30 years and then switch to building cash until you retire!

The differences between the 401k and the Roth 401k is that when you are putting money in your 401k plan you get benefit from pre-tax funds, but for your Roth 401k you invest post tax funds.

Next post: Money, Wealth, Life Insurance: How the Wealthy Use Life Insurance as a Tax - Free Personal Bank to Supercharge Their Savings — Book Review

Invest in other hard assets with the remaining money post tax.

But if anyone out there knows of an academic (I purposely do not say money management industry) study demonstrating consistently better performance — after fees and taxes — of any actively managed stock fund versus, say, an S&P 500 or Total Stock Market index fund, please educate us in the comments to this post.

This account allows you to save money post tax, and then use the money for college with no tax on the gains.

A big point made in the smart money better life post is how the income on taxable accounts is also taxed.

For those of you interested in reading my Maximizing British Airways Avios series, the posts are: Master FAQ Post on British Airways 100,000 Mile Offer, Spotlight on Taxes and Fees, Travel Together Companion Ticket, Household Accounts, Using Avios to Upgrade Paid Tickets, The Avios and Cash Option, Save Money on Fuel Surcharges by Transferring British Airways Avios to Iberia, Using Avios For Non-Flight Redemptions.

Other posts include Master FAQ Post on British Airways 100,000 Mile Offer, Spotlight on Taxes and Fees, Travel Together Companion Ticket, Household Accounts, Using Avios to Upgrade Paid Tickets, The Avios and Cash Option, Save Money on Fuel Surcharges by Transferring British Airways Avios to Iberia, Using Avios For Non-Flight Redemptions.

Does he need to keep it posted on his teleprompter that he is a true politician and always wants more tax money no matter how much he must lie and steal to get it.

Among other things, those posts accuse Padrick and Obsidian of engaging in «illegal activity,» including «corruption,» «fraud,» «deceit on the government,» «money laundering,» «defamation,» «harassment,» «tax crimes,» and «fraud against the government.»

See also: (1) «Access to Justice: A Critique of the Federation of Law Societies of Canada's Inventory of Access to Legal Services Initiatives of the Law Societies of Canada» (pdf; posted on the SSRN on, May 21, 2014); and, (2) «Self - Represented Litigants» Tax Money Provides More Funding for Legal Aid Ontario,» (posted on Slaw, on July 31, 2015).

She represents clients both pre and post charge in relation to investigations of money laundering, corruption, insider dealing and (tax) fraud.