Sentences with phrase «using after tax dollars»

Remember you can also take a loan from your IRA (not the full amount though) if premitted and before anyone else says it, yes you will be repaying it back with after tax dollars but I think of it as you will be using after tax dollars if the loan was not there so why would this come into picture (maybe I am not getting it)...

Again, because premiums are paid using after tax dollars, the cash growth, including interest and dividends, grows tax deferred just like a 401 (k) or IRA.

Your contributions to the plan would use after tax dollars but for folks who know they have an eligible expense coming it can make sense to continue via COBRA in retain your eligibility under the plan so you can incur a claim after your employment termination.

Since you used after tax dollars to pay your premiums, your income benefit will normally be paid to you income tax free.

Not exact matches

1) not at the top tax bracket yet, thus less expensive to have taxable dollars; 2) before 35, generally significant expenses such as house purchase, engagement ring, wedding, etc.; 3) keep liquidity for potential opportunities — «cash is king»; 4) use after - tax dollars to buy RE and rent it out for another stream of passive income, which is generally not taxable due to depreciation — could be a retirement vehicle in itself.

Roth IRA - A Roth IRA is another tax advantaged retirement account, but instead of using pre-tax dollars you invest with after - tax dollars.

Tax me less, spend less, and if you really feel compelled to keep a bit of pork in that fat Federal Belly... at least use my tax dollar too help supplement wounded veterans and / or assist wartime veterans in some of the things they need to re-integrate back into their country after serving Tax me less, spend less, and if you really feel compelled to keep a bit of pork in that fat Federal Belly... at least use my tax dollar too help supplement wounded veterans and / or assist wartime veterans in some of the things they need to re-integrate back into their country after serving tax dollar too help supplement wounded veterans and / or assist wartime veterans in some of the things they need to re-integrate back into their country after serving it.

But we know all too well what the reality of those victories have meant — corruption scandal after corruption scandal, with politicians like Ed Mangano, (former Senate Majority Leader) Dean Skelos, and (former Oyster Bay Town Supervisor) John Venditto being dragged out in handcuffs for using our tax dollars to enhance their own bottom lines.»

«[Assembly Speaker Sheldon] Silver covered up sexual abuse of young interns and staffers for years, using hundreds of thousands of tax dollars to pay off victims, and Andrew Cuomo protected him from criminal investigation after Silver got caught doing it,» Mr. Astorino said.

Topics in the Q&A included the source of money for the City's planned pre-K advertising campaign, the City's target number of pre-K applicants, whether Speaker Silver thinks the proposed income tax surcharge should be pursued next year, how the pre-K selection process will work, how the City will cover the approximately $ 40 million annual gap between the estimated cost of pre-K and the amount provided in the state budget, when parents will learn whether their pre-K application has been accepted, how the City will collect data and measure success of the pre-K program, whether the existing pre-K application process will be changed, how the City will use money from the anticipated school bond issue, the mayor's reaction to a 2nd Circuit ruling that City may bar religious groups from renting after - hours space in public schools, the status on a proposed restaurant in Union Square, a tax break included in the state budget that provides millions of dollars to a Bronx condominium project, the «shop & frisk» meeting today between the Rev. Al Sharpton and Police Commissioner Bratton and a pending HPD case against a Brooklyn landlord.

After all, we spend tax dollars on national parks, symphony orchestras, and Amtrak because they make the lives of those who use them better today.

529s allow individuals to open up an investment account and contribute after - tax dollars, with any interest that accrues growing tax - free as long as funds are used for qualified educational expenses.

New polling from OnMessage Inc., a highly respected national polling firm, conducted after the November elections, shows 78 percent of Mississippians support giving «parents the right to use the tax dollars associated with their child's education to send their child to the public or private school that best serves their needs.»

Remember that you pay the 20 per cent interest using after - tax dollars.

«People need to realize that if they are using RRSPs and spend the refund, they are converting after - tax dollars to before - tax dollars and that has a huge impact on what their RRSP will produce in terms of income at retirement.»

The gains... we are not talking about the after - tax dollars used to purchase the equity.

Roth IRA - A Roth IRA is another tax advantaged retirement account, but instead of using pre-tax dollars you invest with after - tax dollars.

Remember that the dollars you use to pay off your credit card bill are after - tax dollars.

Tax Advantage: Use after - tax dollars, but money in the account grows tax free, and no taxes on the distribution if used for education expenTax Advantage: Use after - tax dollars, but money in the account grows tax free, and no taxes on the distribution if used for education expentax dollars, but money in the account grows tax free, and no taxes on the distribution if used for education expentax free, and no taxes on the distribution if used for education expenses

0:46 «If you're not familiar with a 529 plan, it's a college savings plan that you can invest after - tax dollars that will grow 100 % tax - free if it's used... Read more

This is the biggest difference between a TFSA and an RRSP — RRSP is a deferral of taxes, whereas the TFSA is completely tax free (since it is used with after - tax dollars).

While businesses can generally use their pre-tax dollars to deduct many of their business related expenses as well as any losses from business related activities, you must use your own after - tax income to purchase most of your day to day items.

The return of the growth is calulated after substracting the MER.75 % of the principal is guarenteed at maturity.You can also withdraw 10 % without any penality in every year from the segregated funds.You can also do SM through Manuone.If you can put 10 % with CMHC insurance, either borrow a lumpsum from the subaccount, if you have the equity, or can use dollar cost averaging.In this case you pay only prime rate for the mortgage aswell as for the subaccount just like a credit line.The beauty of the mauone is that you can pay of the mortgage at any time if you have the money.Any money goes into your account will reduce your principal amount, and you pay only the simple interest at prime for the remaining principal.With a good decipline and by putting the tax returnfrom the investment in to the principal will reduce the principal subsatntially.If you don't have the decipline don't even think of this idea.I am an insurance agent, recently I read this SM program while surfing the net, I made my own research and doing it for my clients.I believe now 20 % downpayment can get a mortgage without cmhc insurance.Fora long term investment plan, Manuone with a combination of Segregated fund investment I believe is the best way to pay off the mortgage quickly and investment for the retirement.

Using the dependent care FSA has at least allowed up to pay $ 5K of it tax free, but that we still pay another $ 15K with after tax dollars.

Since a Roth IRA is funded only with your after tax dollars, you won't receive this benefit when you use that particular type of account.

The situation: My mother bought a life insurance policy and has been paying the premiums using after - tax dollars.

The pro-rata rule is used to determine how much of a distribution is taxable when you have both after - tax and pre-tax dollars in your IRA.

In terms of specific, the best way to achieve optimal tax strategy would be to use a tax shelter like a Roth IRA which consists of contributions made with after tax dollars, and that allows the money to compound tax - free in the account and when it comes time for distributions.

Since Roth IRAs use after - tax dollars, you'll have to pay taxes upfront on any funds you roll over.

If you are one of those people who do not need the RMD income, I advise my clients to purchase a life insurance policy on themselves using the annual RMD dollar amount (after taxes).

It uses the dollar - weighted rate of return methodology (AKA internal rate of return, or IRR) and then displays pre-tax and after - tax IRRs for all 25 years.

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 everyone here who is planning on taking advantage of the low or 0 % tax on capital gains is not only maxing out their 401ks and IRAs but is also investing after tax dollars into investments that will later yield long term capital gains so that you can use those tax free?

Hence, eliminating interest that's paid in after - tax dollars is a compelling low - risk use of your inheritance.

My business would incur a loss but I wouldn't have to use personal after - tax dollars to pay off my debt.

These new rules can be used when taking money from either type of account, but the benefit is greatest when you have after - tax dollars in a traditional account.

If you have more than one traditional IRA, we use the overall total of pre-tax and after - tax dollars, not the figures from any one IRA, to calculate the ratio.

I wish I had saved more dollars in after tax accounts as I could now use them to dilute income and better manage tax and Medicare costs.

Gizmo's Gift is a nonprofit organization that takes donations to help cover those medical costs after a MWD, CWD, and Police K9's retire, so that tax dollars aren't used.

The 529 education savings plan, for example, enables parents to invest after - tax dollars in mutual funds or similar investments and any earnings are tax free if used to pay for college costs.

Since you paid for your policy using after - tax dollars, you will not be taxed on the monthly benefit amount you receive from the insurer.

Rather than use my «hard - earned» after - tax dollars for the purchase, I used a series of rolling - equity refinances and government tax incentives, plus debt — a formula very similar to my first, $ 18,000 Maui property.

But what's really sick about this little diddy by the most vocal group on REM is that you think for some reason people should use us, love us, and as Caroline might imply, pay us big commissions because we give... and in after tax dollars!