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)...
People really buy in an equity sense
with after tax dollars — wow — who knew, but if you're going to educate people on the principle of «net» why would you stop where you did, here?
The relevance being that if you wanted to save up that $ 25k in the first place, outside of the 401k, you would have to have done
it with after tax dollars.
all of this is assuming that the policy was paid
with after tax dollars, not pre tax.
If the person dies their beneficiary will receive the death benefit income tax free since it was purchased
with after tax dollars.
Your private long - term disability insurance premiums are paid
with after tax dollars.
According to tax laws, you won't have to worry about tax for any amount up to what you've already paid in premiums through the years since the premiums were paid
with after tax dollars.
Since you paid for the policy premiums
with after tax dollars, there is no associated tax on the benefit payout form the insurer.
Both the question of taxes and the value of your dollar are important when considering either a Roth IRA or a whole life insurance policy because they are both funded
with after tax dollars.
Funded
with after tax dollars, the life insurance contract's value will grow tax deferred until death of the insured, in which case the entire amount can be handed down free of any taxes to the next generation.
Because your life insurance premiums are paid
with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.
Some HSA owners pay for all medical receipts
with after tax dollars, save the receipts, and let the account grow with interest.
So when you make your payments from your paycheck — that is
with after tax dollars... going back into a «pre-tax» bucket only to be taxed again at retirement.
Withdrawals may also be taken from a Roth IRA, which is funded
with after tax dollars.
gross income) providing that the tax refund is reinvested, whereas the TFSA, you are investing
with after tax dollars (net income).
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.
I'm not sure about every company, but when I participated in my company's ESPP I had always had the option of «cashing - in» my account at any time since the money was paid in
with after tax dollars there was also not penalty from the IRS.
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.
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.
The difference is these contributions are made
with after tax dollars and are not tax deductible.
In my opinion, the TFSA has been poorly communicated and in general is a bad idea for those in the middle class who want to try and save
with after tax dollars.
Both the question of taxes and the value of your dollar are important when considering either a Roth IRA or a whole life insurance policy because they are both funded
with after tax dollars.
The most optimal way is to contribute to a Traditional IRA
with after tax dollars first, and then convert to a ROTH IRA.
But the contributions are made
with after tax dollars, so maybe??
A ROTH is funded
with after tax dollars and the entire account is free of any income tax on withdrawals in retirement.
as a dividend payment is
with after tax dollars (from the company) vs a dollar for dollar deduction for an interest payment?
These life insurance for college savings plans are funded
with after tax dollars and are therefore able to grow tax deferred.
Both life insurance and 529 plans are tax - deferred, meaning they are paid for
with after tax dollars and grow tax deferred.
(Tax Free Savings Account) We can only contribute 5500 / year in
this with after tax dollars.
But then we'd have screwed it for the future generations and all RRSP contributions will now be TFSA contributions made
with after tax dollars.
A Roth IRA is a retirement plan for contributions made
with after tax dollars.
You may not want to scale back your monthly benefit amount if paying
with after tax dollars.
Previously earmarked for college education, the federal plan would allow the 529 to pay for private and parochial K - 12 education
with after tax dollars in accounts growing tax free for this tuition.
A disadvantage of investing in a Roth IRA is that your initial Roth IRA contributions aren't tax deductible and are made
with after tax dollars.
Because your life insurance premiums are paid
with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.
No need to be shackled
with after tax dollars.
Not exact matches
After spending millions of
dollars and several years doing research, a company can still fail to bring a product to market — leaving its investors
with little to show for their money except disappointment and a
tax write - off.
When you contribute to a Roth IRA, you fund the account
with after -
tax dollars.
If you pay for health insurance
with after -
tax dollars, your premiums might be able to count toward the deductible.
Roth IRA - A Roth IRA is another
tax advantaged retirement account, but instead of using pre-
tax dollars you invest
with after -
tax dollars.
A Roth IRA is funded
with after -
tax dollars, but you don't pay any
taxes when you withdraw during retirement.
Workers just beginning their careers, workers in professions
with a high upside income potential, and individuals expecting a large windfall, such as a family trust or inheritance, can greatly benefit from contributing
after -
tax dollars to a Roth IRA or Roth 401 (k).
For Roth accounts, contributions do not reduce your taxable income since these accounts are funded
with after -
tax dollars.
Roth IRAs, unlike traditional IRAs, are funded
with after -
tax dollars.
A Roth 401k is a type of retirement account that employers offer; it allows you to make contributions
with after -
tax dollars.
An HSA can also be funded
with after -
tax dollars, which the individual then takes as a
tax deduction on his or her personal
taxes.
With a Roth IRA, you contribute money that's already been
taxed (that is, «
after -
tax»
dollars).
As a Catholic I do not stand by President Obama and push to have contraceptives and morning
after pills distributed through private and religious based health care providers like their simple sweet jelly beans, especially when they must be paid for
with tax dollars.
After all, parents (through their children) are the direct consumers of the food and are paying for it
with their
tax dollars.
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.»