- What money can and can’t do for you isn’t intuitive, so most people are surprised at how they feel when they suddenly have more or less than before.
- Money makes it easy to mistake optimism (good) with gullibility (dangerous) and overconfidence (disastrous).
- Getting rich and staying rich are different things that require different skills.
- The formula for how to do well with money is simple. The behaviors you battle while implementing that formula are hard.
- “Save more money and be more patient” is too simple for most people to take seriously, but it’s the best solution to most financial problems.
- Expectations move slower than reality on the ground, so it’s easy to become frustrated when clinging to the economic trends of a previous era.
- Everything is relative. John D. Rockefeller was asked how much money was enough and said, “Just a little bit more.” Everyone, at every income, tends to feel the same.
- Spending money to show people how much money you have is the fastest way to have less money.
- Debt removes options, savings add them.
- No one is impressed with your possessions as much as you are.
I like these top 10 money rules in this article -
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Previous net investment tax questions are answered here.
6. Can federal income tax credits be used to offset NIIT liability? Although federal income tax credits can offset any tax liability, the final regulations state that income tax credits are allowed only against regular income tax and may not reduce net investment income tax. Examples of this type of tax credit include the foreign income tax credit and the general business tax credit. The denial of tax credits as an offset of the NIIT is reflected by the sequence of reporting tax and tax credits on Form 1040. To this point, regular income tax is reported on line 46 of Form 1040. All tax credits reducing that regular income tax are taken lines 47-53. Beginning on line 56, “other taxes,” including the NIIT (reported on line 60), are reported. So logistically, all tax credits that reduce regular income tax are taken before the entry for the NIIT. 7. What form is used to report NIIT? Net investment income tax is reported on line 60 of Form 1040. On Form 8960 (attached to Form 1040), the taxpayer computes the tax. In addition to reporting all the taxpayer’s net investment income, amounts reported on Form 8814 (Parents’ Election to Report Child’s Interest and Dividends) are also included. Similar to regular income tax or self-employment tax, individuals who expect to be liable for the NIIT may either make estimated tax payments or request that their employer withhold additional amounts to avoid being subject to penalties for underpayment of taxes. 8. What is the additional Medicare tax? Who is liable for paying it? The additional Medicare tax is a tax of 0.9% that is tacked on to the “regular” Medicare tax on all wages and self-employment income (collectively referred to as “earned income”) that exceed applicable threshold amounts. Thus, on earned income in excess of the applicable threshold amount, the total Medicare tax rate is 3.8% (the 2.9% regular Medicare tax rate plus the 0.9% additional Medicare tax rate). In spite of its name, the tax revenue generated by the additional Medicare tax is not specifically earmarked for the Medicare fund. Similar to the regular Medicare tax, the additional Medicare tax is imposed only on individual taxpayers. Thus, entities such as C corporations, trusts and estates are not subject to the tax. Previous 3 questions are here.
4. Can conversion from a traditional IRA to a Roth IRA cause an individual to indirectly become subject to the NIIT? Officially, distributions from traditional retirement accounts (IRAs, 401(k)s) are excluded from the NIIT. Similarly, amounts that are rolled over into Roth accounts from these traditional accounts are technically excluded. But these amounts still count in determining an individual’s AGI — and can cause the individual to exceed the applicable threshold and become subject to the NIIT. As a result, for some individuals, Roth conversions are best exercised in small steps over time —converting only a small portion of traditional retirement funds each year to avoid crossing the AGI threshold. For others, Roth conversions may no longer be the best option for generating tax-free income during retirement. 5. How does the NIIT effectively increase the tax rate for capital gains and dividends? The 3.8% net investment income tax is a surtax, meaning it is imposed independently on net investment income that is also subject to any other applicable income tax. To illustrate, the capital gains and dividend tax rate for taxpayers in the 39.6% tax bracket is 20%. However, if the taxpayer is also subject to the net investment income tax, there is an additional 3.8% tax imposed on those same capital gains and dividends. Thus, adding the two tax rates together, the overall effective tax rate for capital gain and dividends for those taxpayers is 23.8%. For taxpayers who are not in the 39.6% tax bracket, the capital gains and dividend tax rate is only 15%. However, it is possible that such taxpayers with modified AGI that exceeds the threshold levels for the net investment income tax may also be subject to the net investment income tax. Adding the 15% regular income tax capital gain and dividend rate to the 3.8% net investment income tax rate, the effective rate of such taxpayers would be 18.8%. Keeping reading for more net investment tax Q&As. 1. What is net investment income?
Net investment income is the tax base for the 3.8% net investment income tax. In general, net investment income potentially includes any income other than “earned” income that is subject to Social Security tax and Medicare tax. There are three general categories of net investment income: income commonly considered to be traditional investment type income, such as interest, dividends, annuities, rents and royalties; gross income derived from a trade or business; and net gain attributable to the disposition of property. 2. What is modified adjusted gross income for purposes of the NIIT? For most taxpayers, MAGI is the same as their AGI. This is because the only adjustments made to AGI in arriving at MAGI relate to foreign earned income. 3. Who is liable for paying the net investment income tax? Any taxpayer who has net investment income (in any amount) and modified adjusted gross income (MAGI) in excess of $200,000 for single taxpayers, $125,000 for married taxpayers filing separately and $250,000 for married couples filing jointly. Unlike many other income threshold amounts, these thresholds are not indexed annually for inflation. In addition to individuals, the net investment income tax applies to certain trusts and estates. Nonresident aliens are not subject to the tax. Keeping reading the next blogpost for more net investment income Q&As. With inflation indicators flashing at least short-term warnings as the COVID-19 pandemic winds down and the American consumer begins to bounce back, inflation is suddenly becoming a hot topic again... In this paper attached here, researchers analyzed data across a wide range of asset classes over the past century, spanning three different countries (the US, UK, and Japan), to identify what fares better or worse in the face of rising inflation. Not surprisingly, the data shows that rising inflation is bad for bonds, but also shows that persistent high inflation bodes poorly for equities as well (although the transition to higher-inflation environments from lower inflation tends to provide an initial boost to stock prices). Commodities also tend to fare well in inflationary environments, but with significant variability within the commodities complex, as energy tends to perform best, precious and industrial metals perform well, but foodstuffs and agricultural tend to perform weakest (if only because governments sometimes intervene to try to quell food inflation because it can be especially disruptive to households simply being able to afford to eat). And while real estate prices may rise on a nominal basis in inflationary environments, their real returns tend to hold quite steady (not materially better nor worse) in the face of inflation. On the other hand, the researchers find that a number of more 'dynamic' investment strategies tend to perform better in inflationary environments, with profitability and value factors roughly holding their own during inflationary periods, smaller companies performing poorly in inflationary environments, and trend-following strategies (that capitalize on the broader restructuring of investment markets transitioning from a low-inflation to higher-inflation regime) faring best. What if the Biden administration’s proposal to raise the capital gains tax on high-income taxpayers was retroactive to April 28, the day it was proposed as part of the American Families Plan, or to May 28, the date the Treasury Department released the administration’s proposed fiscal 2022 federal budget?
Either is possible since the Treasury Department noted in the budget, aka the “Green Book,” that its proposal on capital gains “would be effective for gains required to be recognized after the date of announcement,” which could refer to April 28 or May 28. Thinkadvisors.com has an article that discusses, for high income earners (annual income > $1 million), how to prepare for a retroactive capital gains tax hike.
Agencies like the U.S. Census Bureau, the Social Security Administration, the Federal Reserve System and the Centers for Medicare and Medicaid Services are packaging more and more of their data together with mapping tools. Site visitors can use the tools to feed the data into maps without knowing anything about map software.
Here are 10 of the federal agency mapping tools that financial professionals using to help clients with annuities and retirement planning. General Demographics 1. Data.Census.Gov Mapping Tool Agency: U.S. Census Bureau Latest Data Update: 2019 Use this to create maps showing what kinds of people live where. Much of the data can be mapped at the city or county level. Income 2. Data.Census.Gov Mapping Tool: Retirement Income Agency: U.S. Census Bureau Latest Data Update: 2019 Search on Data.Census.Gov for “retirement.” The tables that come up can be used to create showing where people have wage earnings, Social Security benefits or private retirement benefits. 3. Old-Age Survivors and Disability Insurance Benefits at the State Level Agency: Social Security Administration (SSA) Latest Data Update: 2015 Here’s how the SSA slices and dices its own Social Security benefits data. Hovering the mouse pointer over a state retails state Social Security benefits details, such as how many children of workers are receiving Social Security retirement benefits, how many widows are getting survivors benefits, and how many workers are collecting Social Security Disability Insurance benefits. Pension Plans 4. State and Local Government Pension Funding Status, 2002-2018 Agency: Federal Reserve Latest Data Update: 2018 This collection of maps can be used to show state or local government employees why, in many states, depending solely on a government employee pension plan for future retirement income may be a bad idea. Consumer Financial Status 5. Year-Over-Year Home Price Changes Agency: Federal Reserve Bank of New York Latest Data Update: April 2021 This map can help homeowner clients see how home prices have changed over time. 6. County-Level Debt-to-Income Ratio Agency: Federal Reserve Bank of New York Latest Data Update: 2020 7. Mortgage Non-Payments by State Agency: Federal Reserve Bank of Atlanta Latest Data: February 2021 This map can help financial services companies see where many consumers are borrowing and how debt loads have changed over time. Also, this map can help clients see where consumer stress levels are changing. Health 8: Animated Historical Cancer Atlas Agency: National Cancer Institute, GIS Portal for Cancer Research Latest Data: 2015 This map can help clients who are analyzing future health care financing needs understand how likely it is that people in different states, and different regions within states, get various types of cancer, such as brain or breast cancer. 9. Interactive Atlas of Chronic Conditions Agency: Centers for Medicare and Medicaid Services Latest Data: 2018 This map shows the prevalence of a wide variety of disorders, including high blood pressure, liver problems, depression and drug use. Compliance 10. Annuity Best Interest Map Organization: A.D. Bakers & Co. Latest Date: June 15 This map was created by a private organization and is subject to copyright rules. It may be useful for a financial professional who wants to know which states have done what about annuity sales suitability and best interest standards. Age 30-40
1. Think About Protection 2. Think About Growth and Accumulation 3. Think About Tax Deferral 4. Think About Tax Free Growth Age 40-50 1. Think About Guaranteed Retirement Income 2. Think About Retirement Savings 3. Think About Tax Reduction or Elimination 4. Think About Increased Quality of Life Age 60-70 1. Think About Reduction or Elimination of Tax 2. Think About Inflation 3. Think About Income That Cannot Be Outlived 4. Think About Legacy The Securities and Exchange Commission has amended its “accredited investor” definition in 2020 to allow investors to qualify based on defined measures of professional knowledge, experience or certifications — including holding certain Financial Industry Regulatory Authority licenses — in addition to the existing tests for income or net worth.
The thresholds stand at a net worth of at least $1 million excluding the value of primary residence, or income at least $200,000 each year for the last two years (or $300,000 combined income if married). According to the SEC, the amendments to the accredited investor definition in Rule 501(a):
In previous blogpost, we discussed some details about HSA, now more questions and answers about HSA below.
7. How Are Amounts Distributed From an HSA Taxed? A distribution from an HSA used exclusively to pay qualified medical expenses of an account holder is not includable in gross income. Any distribution from an HSA that is not used exclusively to pay qualified medical expenses of an account holder must be included in the account holder’s gross income. Any distribution that is includable in income because it was not used to pay qualified medical expenses is also subject to a penalty tax. The penalty tax is 20% of includable income for a distribution from an HSA. For distributions made prior to Jan. 1, 2011, the additional tax on nonqualified distributions from HSAs was 10% of includable income. 8. When May an Account Owner Transfer or Roll Over Funds Into an HSA? Funds may be transferred or rolled over from one HSA to another HSA or from an Archer MSA to an HSA provided that an account holder effects the transfer within 60 days of receiving the distribution. An HSA rollover may take place only once a year. The year is not a calendar year, but a rolling 12-month period beginning on the day when an account holder receives a distribution to be rolled over. There is no limit on the number of transfers from one HSA trustee to another during a year, and there is no 60-day requirement. Beginning in 2007, a taxpayer may, once in their lifetime, make a qualified HSA funding distribution — a transfer from an IRA to an HSA in an amount that does not exceed the annual HSA contribution limitation for the taxpayer. We discussed what is HSA and its advantages and disadvantages here. Now more HSA Q&As below.
4. Who Is Eligible for an HSA? For the purposes of an HSA, an eligible person is one who, for any month, is covered under an HDHP as of the first day of that month and is not also covered under a non-high-deductible health plan providing coverage for any benefit covered under the high-deductible health plan. A person enrolled in Medicare Part A or Part B may not contribute to an HSA. Mere eligibility for Medicare does not preclude HSA contributions. A person may not contribute to an HSA for a given month if they have received medical benefits through the Department of Veterans Affairs in the previous three months. A person shall not fail to be eligible because of receiving hospital care or medical services under a law administered by the secretary of veterans affairs for a service-connected disability. A separate prescription drug plan that provides any benefits before a required deductible is satisfied will normally prevent a beneficiary from being eligible for an HSA. The IRS has ruled that if an individual’s separate prescription drug plan does not provide benefits until an HDHP’s minimum annual deductible has been met, then the individual will be eligible under Section 223(c)(1)(A). 5. What Is a High-Deductible Health Plan? For the purposes of an HSA, the requirements for a high-deductible health plan (HDHP) differ depending on the coverage. For 2020-2022, an HDHP is a plan with an annual deductible of not less than $1,400 for self-only coverage. The family coverage deductible limit is $2,800 in 2020-2022. Annual out-of-pocket expenses for an HDHP cannot exceed $7,050 in 2022 ($7,000 in 2021) for self-only coverage. For family coverage, the annual out-of-pocket expense limitation is increased to $14,100 in 2022 ($14,000 in 2021). These annual deductible amounts and out-of-pocket expense amounts are adjusted for cost of living. Increases are made in multiples of $50. In response to the evolving COVID-19 pandemic, the CARES Act permits HDHPs to cover the cost of telehealth services without cost to participants before the HDHP deductible has been satisfied. HDHPs providing telehealth coverage do not jeopardize their status as HDHPs. Plan members similarly retain the right to fund HSAs after taking advantage of cost-free telehealth services. Remote health services can be provided under a safe harbor rule through Dec. 31, 2021. 6. What Are the Limits on Amounts Contributed to an HSA? An eligible individual may deduct the aggregate amount paid in cash into an HSA during the taxable year, up to $3,650 for 2022 ($3,600 for 2021) for self-only coverage and $7,300 for 2022 ($7,200 for 2021) for family coverage. For 2006 and prior years, the contribution and deduction were limited to the lesser of the deductible under the applicable HDHP or the indexed annual limits for self-only coverage or family coverage. The determination between self-only and family coverage is made as of the first day of the month. The limit is calculated monthly, and the allowable deduction for a taxable year cannot exceed the sum of the monthly limitations. Keeping reading for more HSA related Q&As here. 1. What Is a Health Savings Account (HSA), and How Can an HSA Be Established?
An HSA is a trust created exclusively for the purpose of paying qualified medical expenses of an account beneficiary. HSAs are available to any employer or individual for an account beneficiary who has high-deductible health insurance coverage. An eligible person or an employer may establish an HSA with a qualified HSA custodian or trustee. No permission or authorization is needed from the IRS to set up an HSA. Although an HSA is similar to an IRA in some respects, a taxpayer cannot use an IRA as an HSA, nor can a taxpayer combine an IRA with an HSA. In certain situations, a taxpayer can take a qualified funding distribution from an IRA to fund an HSA. 2. What Are the Advantages of an HSA? Tax benefits include an income tax deduction on the federal level and in most states, payroll tax avoidance, tax-deferred earnings growth and tax-free distributions. The nontax benefits of HSAs are also significant. The account balance rolls over from year to year. The HSA is transferable and remains after separation from service. Account owners own the money in their HSA and can use it as they see fit, and they pay lower insurance premiums. 3. What Are the Disadvantages of HSAs? Many of the disadvantages of HSAs are only in comparison with traditional low- or no-deductible health insurance. Under current law, HSAs must be paired with a high-deductible health plan. An account owner may face a large medical expense before they have time to build a sufficient balance in the HSA. They also must take more responsibility to "shop around" for their health care spending. They must handle tax reporting and save medical receipts, along with learning the HSA rules and following them to avoid negative tax consequences. Keeping reading for more HSA related questions and answers here. If you are concerned about market correction, it might be time to shift part of your portfolio to more defensive names. Stocks with lower price volatility is one way to do it. Below are some ETFs that are designed to seek lower volatility and higher qualities:
The majority of people who buy 529 accounts do so through an advisor, rather than through a state program that sells them directly, the by-far cheaper option.
But even fee-only advisors who forgo a commission and instead send clients to direct-sold plans may be leading them to invest dollars that might be better off in a tax-free Roth IRA. Some states, including California, New Jersey and North Carolina, don’t allow investors to deduct the money they contribute to a 529, negating one selling point of the plans. (There’s never a federal deduction.) This Financial Planning.com article has a pretty good discussion of the pros and cons of buying 529 through a broker. Activity Managed ETFs
An actively managed ETF is that a portfolio manager adjusts the investments within the fund as desired while not being subject to the set rules of tracking an index - like a passively managed ETF attempts to do. The active fund manager aims to beat a benchmark using research and strategies. Traditional actively managed ETFs (as well as passively managed ETFs) report their positions daily and are priced throughout the day. This is one of the differences between an actively managed ETF and a comparable mutual fund. Advantages of Actively Managed ETFs relative to some other investments include:
Disadvantages to traditional actively managed ETFs:
The price-to-rent ratio:
Purchase price of a property / Annual rental expense for a similar property
Online Rent vs Buy Evaluation Tool: Fidelity has a very detailed online tool to help you evaluate rent vs. buy. It weights both your short term costs in the rent vs buy options and your long term wealth building considerations. First step:
You can start your screen by finding stocks that meet the following condition: PE < Dividend Yield + Earnings Growth Rate Note: You can use Yahoo Finance's Analysis section to find projected earnings for the company's current year and for the following year. You may want to find how accurate historically analysts' earnings estimates are versus actual reported earnings, then make adjustments accordingly. Second step: Check the selected companies' financial metrics, for example, rising incomes, positive free cash flows that are able to cover the dividends, etc. All these can be found at Yahoo Finance's Financials section, or at the company's latest SEC filings (e.g. 10K-annual report) at www.SEC.gov. Note: Yahoo Finance often picks up "adjusted" earnings, which may exclude a laundry list of supposedly one-time items, sometime these items are legitimate, sometimes they maybe excuses by the management for not doing better. Sometime it's worthwhile to visit previous 10-Ks to find out if such "one-time" adjustments were consistently done in the past and threw out costs that are regular part of business. You’ve invested over the years and now you’re ready to retire and withdraw income from your retirement nest egg. How long will your money last?
There are a number of variables at play, but one you should know is the sequence of returns. If you start taking income withdrawals from your portfolio in a down market, and continue that course without making adjustments, your money may not last as long as you need it to. Early Negative Returns vs. Early Positive Returns Hypothetical Example Jim, age 65, has $500,000 in savings invested in an index fund that mirrors the performance of the S&P 500. He begins to withdraw 5% each year for income. Compare the difference in his portfolio balance in the graph below. In each scenario, the average annual rate of return is 4.95 percent. But starting withdrawals in years with negative returns yields a very different portfolio outcome than when withdrawals begin in years with positive returns. Fidelity.com has a good article that helps investors use its stock screener to look for stock ideas.
Value stock ideas For value stocks, it uses the following conditions: stocks with a market cap of at least $6.86 billion, a "very low" P/E ratio of 11.27 or lower, and a "very low" PEG ratio of 1.16 or lower (sorted by largest market cap). Growth stock ideas For growth stock ideas, it uses the following conditions: stocks with a market cap of at least $6.86 billion, a "high" forward EPS long-term growth (3 to 5 years) of at least 18.52%, and a "very high" cash flow growth rate (3 years) of at least 61.67% (sorted by largest market cap). Value and Growth ideas The "Something for Everyone" screen from Zacks Investment Research, a third-party independent research provider, attempts to find companies that have demonstrated strong earnings growth that also trade at low P/E multiples. Specifically, this screen searches for companies that have the best 5-year historical growth rates (higher than 80% of all other stocks with a Zacks Buy Recommendation) and lowest P/E ratios (lower than 80% of all stocks with a Zacks Buy Recommendation). This screen focuses on stocks trading at more than $5 per share and have a 10-day average share volume of 50,000 shares or more. Which Stocks are Eligible?
With fractional shares or dollar-based orders, you can trade National Market System (NMS) exchange-listed stocks. This includes stocks listed on the NYSE or Nasdaq. Stocks and ETFs available for fractional shares or dollar-based orders can change at any time, and you will receive an error message if an investment you are trying to trade is not eligible. The Details Trading in fractions or dollars is available on the Fidelity Mobile App. You can place market or limit orders, good for the day of the trade only. Fractional shares or dollar-based orders are eligible for real-time execution during market hours (approximately 9:30 a.m. to 4:00 p.m. ET) on normal trading days, and they may only be placed while the market is open. Fractional share quantities can be entered out to 3 decimal places (.001 as long as the value of the order is at least $1.00). Executions will be rounded down to the nearest .001 shares. Fractional shares or dollar-based orders can be entered out to 2 decimal places (e.g., $250.00), and your order will be converted into shares out to 3 decimal places (.001) and are rounded down to the nearest decimal. Investors utilizing fractional shares or dollar-based orders experience bid-ask spreads proportionally equivalent to the spreads for whole shares. It's also important to know that the value of a trade may be impacted when entering a dollar-based buy or sell order. As orders are converted to shares, there is some rounding off of shares, so the value of shares you receive might be higher or lower than the dollar amount you requested. Also, sell orders are subject to additional assessments, and sell orders placed in certain account types, or account conditions, may be subject to taxes, which could reduce the proceeds of the order. Dividend Reinvestment Program If you currently participate in Fidelity's Dividend Reinvestment Program, after you’ve placed your first fractional shares or dollar-based order, any fractional shares in your account acquired prior to that point in time will no longer be automatically liquidated when you sell. Proxy Votes and Transfers You will not be able to participate in proxy voting or participate in most voluntary corporate actions for the fractional share portion of a position. You can't transfer or receive certificates for fractional share positions outside of Fidelity. Fractional share positions will need to be liquidated prior to transferring out. With the April consumer price index at 4.2% higher than a year ago (the biggest jump since 2008), this could mean an important change for investment strategy in a generation, and it calls for ways to fight again inflation.
Below are some old and new investment ideas that could protect you against inflation. 1. Traditional inflation hedges: gold, commodity, real estate, and TIPS. Consider fund: Permanent Portfolio (PRPFX), it has a diversified holdings: gold and silver, foreign currencies, high-grade short-term bonds, real estate and natural resources, and growth stocks. 2. Companies tat have a lot of hard assets and business models that are less reliance on capital and labor input. For example, financial service stocks, particularly exchanges and brokerage firms. Consider ETF: Horizon Kinetics Inflation Beneficiaries (INFL). 3. REITs with short-term lease agreements, so the rents could be reset frequently and rise with inflation. Consider ETF: Nuveen Short-Term REIT (NURE). 4. Investment products that are used exclusive to institutional investors only. For example, Quadratic Interest Rate Volatility and Inflation Hedge (IVOL) has 85% weight in TIPS notes which offers inflation protection as their face values are adjusted based on the CPI. But TIPS price could decline if interest rates rise, so tis fund has 15% in fixed-income options that would profit from rising long-term interest rates. 5. Because TIPS usually pay much lower yields than comparable Treasury notes, consider Simplify Interest Rate Hedge (PFIX), it allocates 50% to Treasury notes, and 50% in options that profit from rising long-term interest rates. 6. Floating rate corporate loan funds with income that outpaces prices. For example, Fidelity Floating Rate High Income (FFRHX). When you apply for life insurance, one of the questions all insurance companies ask you is how much is your net worth. Even you are not applying for life insurance, it is still important to know your net worth.
Net Worth = Assets - Liabilities Your net worth provides a snapshot of your financial situation at this point in time. If you calculate your net worth today, you will see the end result of everything you've earned and everything you've spent up until right now. It can provide a wake-up call if you are completely off track, or a "job-well-done" confirmation, How to determine target minimum net worth Below is a simple formula to help you determine a minimum "target" net worth: Target Net Worth = [Your Age−25] ∗ [1/5∗Gross Annual Income] Why track net worth over time When you see financial trends in black and white on your net worth statements, you are forced to confront the realities of where you stand financially. Reviewing your net worth statements over time can help you determine 1) where you are, and 2) how to get where you want to be. This can give you encouragement when you are heading in the right direction (i.e., reducing debt while increasing assets) and provide a wake-up call if you are not on track. Dividend-paying companies often disburse payments every 3 months. It might be confusing for income investors if different stocks pay out on the same schedule. You can visit www.nasdaq.com/quotes/dividend-history.aspx and enter your stock holdings.
You can also check payout dates for most U.S. stocks at https://ww.nasdaq.com/market-activity/dividends Here are a dozen key tax benefits for rental property owners:
President Biden recently announced the third phase of his economic and tax proposals (the first being the American Rescue Plan for coronavirus pandemic relief, and the second being the infrastructure legislation proposed last month). Dubbed the "American Families Plan", the core of the final piece of legislation is a wide range of support for families themselves, including:
On the other hand, given the projected cost of the legislation - approximately $1.8 trillion - the proposal also includes so-called "revenue-raisers" in the form of various proposed tax increases (to help offset costs), including:
Notably, at this stage, President Biden's proposals are just that - proposals - and it remains to be seen whether the legislation will pass, and/or in what manner they may be altered during the legislative process in Congress to get the requisite votes to pass. Full details available from the White House on the American Families Plan proposal can be found here. |
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