For the first time since 1949, the U.S. is a net fuel exporter Growth in health-care spending is near a record low The biggest contributor to the budget deficit over the last decade wasn’t stimulus spending, the Bush tax cuts, or two wars. It was tax evasion …Read More
No Comments » If you’re the least bit familiar with Master Limited Partnerships (MLPs), you know that they have a funny quirk to them; they annual provide you with a strange tax form called a K-1 schedule and at times can require you to pay taxes to the states the MLP operates in. If these factors pose enough trouble to drive you away from such an investment, an alternative exists. The reason why MLPs are quite popular is
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If you’re an income investor or even a growth investor, American Tower (AMT) should be a stock that has your attention. AMT is a company that leases wireless communication towers. From cell phone service to radio and television, they own 37,000 of the towers you see across the land enabling our communications infrastructure to function. While I think the company is in a great industry that will continue to grow as we become more connected
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Economists predict that American households will have to contribute an average of $1,398 per year to fulfill pension promises, according to a new study…READ MORE My Take: If the graph below and the information in the linked article are correct, then we’re most likely going to have some serious adjustments in the country sooner than later. Assuming pension problems create some serious problems for State governments, expect a period of time short or extended where
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Low Initial Investment + Frequent Trading = A Disaster As you might be aware, I’m not a high frequency trader. I have my positions. I try to stay in the positions for at least a year. I’ll take a profit (or take a loss) if appreciation and circumstance seems right. Trading with little money is destined to lead to failure. I don’t need experience to teach me this lesson, just a simple understanding of trading
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…the biggest single thing the federal government does these days is … cut checks. Lots and lots and lots and lots of checks that go to individual citizens — $2.3 trillion worth last year alone. In fact, according to a table buried deep inside the little-noticed Historical Tables volume of the White House’s 2012 budget, these “direct payments to individuals” accounted for more than two-thirds of federal spending in 2010. That’s a post-war high…READ MORE.
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How you can financially benefit from owning your own home… Home ownership is often referred to as the “American Dream.” Whether or not it’s your dream or your reality, it’s important to understand the financial benefits of owning your own home. You must live some where and when it comes to renting or owning, there are a number of advantages to owning. The most obvious advantage is in terms of taxes. Your mortgage interest is
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2010 contribution limits to both IRA accounts is $5k. If you’re over 50 in 2010, then it’s $6k. Click here for the IRS Rules. IRA Enables you to save money for retirement tax free. Example – I make $50k and put $2k towards my IRA account. The IRS evaluates my taxes based on income of $48k, not $50k. Money withdrawn before 59.5 years of age is subject to early withdrawal penalties. When you begin withdrawing
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