Gaining tax leverage: The purchase of an annuity with qualified retirement savings (401k or IRA funds) can
save you money on taxes over taking a lump sum payment.
Not exact matches
It is great news that the Government has announced a good range of tangible cuts which will
save a lot of
money and mean lower
taxes and less
money wasted
on debt interest
over time.
Old Way:
Save What's Left
Over Net Income (after tax income)-- Bills — Spend money on fun things = Save whatever's left
Over Net Income (after
tax income)-- Bills — Spend
money on fun things =
Save whatever's left
overover
One easy way to
save money on taxes payable through CPP payments is to assign up to 50 % of your CPP benefits to your spouse (assuming both are
over 60 years old).
These types of plans have a number of important advantages, including the ability to put
money aside each pay period, a way to
save on taxes and the ability to roll the available funds
over from year to year.
If you have an estate
tax plan that uses life insurance has your agent let you know that
over the last 6 - 7 years there have been huge opportunities to
save amazing amounts of
money on the permanent universal life or whole life policy that is funding that plan?