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It’s always a good to idea to make the most of tax-advantaged savings accounts and investments in your retirement planning. They’re a smart way to leverage your savings effort. But now is an especially important time to make sure you’re not overlooking any opportunities to save and invest in a tax-efficient way. Why? Well, taxes could soon Continue reading Pay less tax when planning for retirement Recently, French President Nicolas Sarkozy proposed that his nation’s economic progress be monitored by various “happiness” indicators. Sarkozy labeled his idea as revolutionary, but others have made similar proposals. Part of his proposal entailed suggestions about how happiness might be measured among the French. His list of possible indicators of happiness: 1. Work-life balance – the ratio Continue reading Happiness Indicators – How Should We Measure Happiness? The United States savings rate as a percentage of GDP is a big concern when evaluating current and future prosperity. In the 1970s and 1980s savings were in the 5 – 7% range. In the decades since, personal savings have declined to the 1 – 3% range. Some believe that our low savings rate is one Continue reading Our Low Savings Rate: A Big Economic Concern With the year half over, it’s a perfect time to make some tax moves. You have a good idea of what your income and associated taxes will be, and you still have plenty of time to take advantage of some easy tax-cutting strategies. A few tax moves will require you to stay on top of your Continue reading Tax Steps You Can Take Now to Reduce Your Tax Liability Most investors know (or should know) the tried-and-true methods to build wealth. Shift money automatically from your paycheck to a savings plan; take advantage of your employer’s matching contributions to 401(k) plans; eliminate (virtually) all consumer debt; track and trim household expenses; reduce investment fees; and, of course, save more than you’re saving now. But Continue reading Net Worth: Four Ways to Build Wealth How much cash do you carry in your wallet or purse? Chances are there is a certain amount you like to carry with you. Any more or any less and you start to get nervous. Your Financial Comfort Zone (FCZ) works in a similar way. Your FCZ is the socioeconomic level that feels the most familiar Continue reading Your Financial Comfort Zone: Are You Afraid of Financial Success? Not all municipal bonds are created equal when it comes to requiring repayment to investors. “General obligation” bonds are often the safest, analysts say, because even if the issuing government gets into financial trouble, it often cuts expenses or raises taxes to pay back the debt. When water flows, cash flows. Many otherwise skeptical advisers say Continue reading How to Make Sure Your Bonds Are Safe Few truths are more universal: No one likes to pay taxes, and everyone loves to get things for free. Restaurants and other retailers are offering freebies to reduce people’s angst over their income taxes — which must be postmarked or e-filed by Thursday. From cupcakes and pancakes to dinners and coffee, the offers are meant to Continue reading Smart Spending: Spending Tips for Taxpayers If you have money invested in mutual funds outside of a tax-free or tax-deferred retirement fund your effort to increase your wealth is constantly threatened by the tax laws. As mutual-fund investors finish up their tax returns for 2009, they might think about what is likely to happen this year, and what could have been. See the Continue reading Taxes and Your Effort to Increase Wealth: Tax Law Unfair to Mutual Fund Investors High-income households will be paying more into Medicare taxes as a result of the new health care reform law and the “fixes” to that package that passed Thursday. See the full article |
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