You might be interested in buying a leveraged stock or commodity ETF. These are funds that magnify market returns. A leveraged fund might perform twice as well (or poorly) as a typical fund. If you are concerned about inflation you might look for commodity ETFs to shield you against that problem. And if you are […]
How to Maximize Your IRA Income
Sooner or later, you’re going to start drawing IRA income. Once you start that process, you’ll want to make sure you’re getting the most money you can. There are two basic principles you need to understand in order to achieve just that: 1. Tap into your taxable accounts first. If you want to invest for […]
How to Avoid Capital Gains Taxes on Selling a House
With a few smart moves (literally), you can avoid capital gains taxes on selling a house. That’s good news. But even if you don’t have a gain, I still have good news for you. You don’t have to worry about taxes (but you should still read this post and you’ll see why in a minute). […]
Estate Tax Changes to Take Advantage of Now
There have been a number of estate tax changes that make it easier to save money now and in the future. This is because there was a huge gift tax exemption passed that allows you to transfer up to $5 million when you die without paying any estate tax. But you don’t even have to […]
What Is Tax Deferral?
What is tax deferral and is it a good thing? The definition is very straightforward. Tax deferral is simply a legally acceptable way of putting off paying taxes. That’s the easy part. What makes tax deferral so darn powerful? You invest to get a return on your money – to make a profit. Sometimes the […]
Tax on Inherited IRA Distributions – How to Pay the Least Amount Possible
You can make a few very smart moves and significantly cut the taxes on inherited IRA distributions. The best way to show you how to do this is by way of example. Let’s say that you and your two sisters are the named beneficiaries of your father’s IRA. Unfortunately, your father passes away. You now […]