Sentences with phrase «years of income if»

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Dr, Klaus claimed that if you constantly applied this idea - of only doing your most valuable work and then spending time creating more of your most valuable work - you could double your income in a few years.

But if he works until age 65 — just three more years of saving — then his nest egg will provide a much larger annual income of $ 56,000.

And if convicted, in addition to any other penalties handed out, the company could be barred for 10 years from competing for contracts with the Government of Canada — a category of contracts that make up an important element of the company's income.

If you manage to save 35 % of your combined gross income of $ 120,000 per year, you can accumulate $ 420,000 in today's dollars, even assuming your investments merely keep pace with inflation.

So if you like the idea of spending a year or two less of your income on a home, Monrovia is a good place to buy.

If you turned 70 1/2 in 2011, you have until April 1 of this year to take your first Required Minimum Distribution from your traditional IRA — that is, your first mandatory income withdrawal.

If the bulls are right, EPS would grow 8.5 points faster than the economy (assuming 2.5 % real annual GDP growth plus 2 % inflation) for the next ten years, hitting over 16 % of national income by 2028.

If the province approves the plan, it would cost an additional $ 977 to a family of five with an above - average income, two cars and driving 40,000 kilometres a year.

In Ontario, mortgage payments account for roughly 60 per cent of income, according to BMO; if the trend continues another 24 months, that figure will hit 1989 levels — the same year the market crashed.

If the 8,000 Canadians who received stock options as part of incomes over $ 250,000 paid taxes on this money at the same rate as the rest of their income — treating executive compensation the same way you treat the income of any other working stiff — it would have raised $ 337 million for federal coffers in 2009, a down year for options.

If you want to move your 401 (k) to a Roth IRA, you'll have to pay taxes on the amount of the conversion, but if you anticipate your income being higher in future years then it could be good idea to convert it now so it can grow tax - freIf you want to move your 401 (k) to a Roth IRA, you'll have to pay taxes on the amount of the conversion, but if you anticipate your income being higher in future years then it could be good idea to convert it now so it can grow tax - freif you anticipate your income being higher in future years then it could be good idea to convert it now so it can grow tax - free.

Because Social Security benefits are based on your past 35 years of earning, it is important to return to work if possible to offset past low - income years.

If you start with a «down payment» of $ 45,800 and contribute 15 percent of your monthly income every year for a «30 - year mortgage,» you'll have $ 728,000 in your money mansion (that's after taxes, with a conservative 7 percent yearly return).

If the same person instead invested a little less each year (6 % of his income) in a portfolio weighted 80 % to higher - returning equities and 20 % to bonds, he would only have $ 469,000 at retirement.

«And if you don't yet know how you envision your future retirement lifestyle, consider basing your calculations on the assumption that you'll need to replace 85 % of your income in your golden years.»

Roughly 800,000 low - income New Yorkers would save $ 726 a year if a proposal by the New York City Council and advocates to fund half - priced Metrocards for the poorest New Yorkers is adopted as part of the city's final budget.

If you fancy working in the dental health profession but can't see yourself enduring or affording all those years of dental school, starting a career as a dental hygienist might be a good option with a good income and a positive employment outlook.

And health can complicate matters: If you fall ill, it can be much harder to work — but if you're healthy, a longer lifespan means your savings will need to cover more years of incomIf you fall ill, it can be much harder to work — but if you're healthy, a longer lifespan means your savings will need to cover more years of incomif you're healthy, a longer lifespan means your savings will need to cover more years of income.

You can avoid the slaps on the wrist if you had at least as much income tax withheld this year as last (unless you make more than $ 150,000, in which case you have to hold back at least 110 percent of the prior year's withholding).

«If you just look at the year prior to the states adopting withholding, on average, income tax revenues were 15 percent of all tax revenues,» Bagchi explained.

If the holder of an applicable partnership interest is allocated gain from the sale of property held for less than three years, that gain is treated as short - term capital gain and is taxed as ordinary income.

the difference between the stated redemption price at maturity (if greater than one year) and the issue price of a fixed - income security attributable to the selected tax year

At the end of the year, if you had no sales, your income statement would show $ 0 in revenue, $ 8,000 in depreciation expense ($ 80,000 cost - $ 0 salvage value divided by 10 years = $ 8,000 annual depreciation) for a pre-tax operating loss of $ 8,000.

«A Roth conversion might be a foolish thing to do if you plan on leaving the high - taxed state of your working years to retire in a state that levies no income taxes.»

And if your current state has high income taxes, you could be forking over a considerable amount of money today for absolutely zero benefit to you during your golden years.

But a Roth conversion might be a foolish thing to do if you plan on leaving the high - taxed state of your working years to retire in a state that levies no income taxes.

If a franchisor claims that its franchisees earn an average income of $ 75,000 a year, that tells you very little about how individual franchises performed.

If you're a creative person, you might be able to produce a product that's able to generate a steady flow of passive income for years to come.

But homeowners may exclude from taxable income up to $ 250,000 ($ 500,000 for joint filers) of capital gains on the sale of their home if they satisfy certain criteria: they must have maintained the home as their principal residence in two out of the preceding five years, and they generally may not have claimed the capital gains exclusion for the sale of another home during the previous two years.

If you want to get rich quicker, it's worth carving out 5 % — 10 % of your investable assets and / or reinvesting your risk - free income into speculative investments that complement your plain vanilla investments each year.

Additionally, if you're on an income - driven repayment plan, the government will pay the remaining unpaid accrued interest on your subsidized loans, including the subsidized portion of a consolidation loan, for up to three consecutive years after you begin repayment under IBR or PAYE.

The difference between the option exercise price and the fair market value of the Shares on the exercise date is treated as an adjustment in computing the optionee's alternative minimum taxable income and may be subject to an alternative minimum tax which is paid if such tax exceeds the regular tax for the year.

So, if you know you want to buy a home in the near future, consider forgoing some or all of the deductions for a year or two to increase the income you're reporting.

If you don't have a $ 1 million net worth or income of $ 200k a year, just wait a couple years.

So if you hired someone or subcontracted some work to someone sometime during the current tax year, when you were claiming their wages or fees as an expense (on Form T2125 of the T1 income tax return if your business is a sole proprietorship or a partnership), you would deduct the GST / HST if you had already claimed it as GST / HST paid out when you filed your GST / HST return for the appropriate period.

You are legally obligated to file a tax return every spring, if you earned a certain amount of income in the previous tax year.

Income tax forms must be filed each year, if you have earned a certain amount of money.

If your losses exceed your gains, realized capital losses can be used to offset up to $ 3,000 of ordinary income each year.

If we were treated as a corporation in any taxable year, either as a result of a failure to meet the Qualifying Income Exception or otherwise, our items of income, gain, loss and deduction woIncome Exception or otherwise, our items of income, gain, loss and deduction woincome, gain, loss and deduction would be

Pursuant to such an election, you would include in each year as ordinary income the excess, if any, of the fair market value of such stock over its adjusted basis at the end of the taxable year.

If the global economy were to recover much more quickly than most of us expect, and, much more importantly, if Beijing were to initiate a far more aggressive program of privatization and wealth transfer than I think politically possible, perhaps transferring in the first few years the equivalent of as much as 2 - 5 % of GDP, the surge in household income could unleash much stronger consumption growth than we have seen in the pasIf the global economy were to recover much more quickly than most of us expect, and, much more importantly, if Beijing were to initiate a far more aggressive program of privatization and wealth transfer than I think politically possible, perhaps transferring in the first few years the equivalent of as much as 2 - 5 % of GDP, the surge in household income could unleash much stronger consumption growth than we have seen in the pasif Beijing were to initiate a far more aggressive program of privatization and wealth transfer than I think politically possible, perhaps transferring in the first few years the equivalent of as much as 2 - 5 % of GDP, the surge in household income could unleash much stronger consumption growth than we have seen in the past.

So if your 401K / taxable IRA is your sole source of income, a good chunk of it pulled out each year is never taxed.

If a drop in income put you in a lower tax bracket this year, perhaps because of a job loss or just a temporary gap in employment, you may want to consider converting money from a traditional individual retirement account to a...

If the assets in these accounts were liquidated entirely in one year, the proceeds might increase the tax bracket to the marginal federal income tax rate of 43.4 % (39.6 % ordinary income tax plus 3.8 % Medicare surtax), which would minimize and potentially eliminate any savings.

If you missed filing your income tax return during the last couple of years, you may worry about what your next step is.

«This asset class has a high level of current income, and every academic study has shown if you hold your portfolio over long period, you could get yield of 8 % a year over five to 10 years.»

If such a sale or disposition takes place in the year in which the participant exercises the option, the income recognized upon the sale or disposition of the shares will not be considered income for alternative minimum tax purposes.

The tax implications of individual bonds are fairly straightforward: If an investor owns bonds that generate taxable income (which covers almost all bonds except for municipal bonds, in general), he or she is taxed on that income in the year it's received.

If a participant disposes of such shares within one year after the date of exercise and two years after the date of grant (the «ISO Holding Period»)(such disposition, a «Disqualifying Disposition»), any gain on such Disqualifying Disposition, up to the amount of the spread on exercise, will be ordinary income, with the balance being capital gain.

Even if you've been investing on your own for years, knowing that an annuity can guarantee at least a portion of your retirement income might give you some peace of mind.