Mortgage interest isn't deductible itself but instead contributes to passive activity losses. If you want to maximize the tax efficiency of real estate investment holdings, equities in a business entity are more efficient.
Regardless of your age, asset allocation should be based on when the funds will be needed. Funds that will need to be accessed within two years should reside in assets such as cash or short-term debt securities such as treasury bills or notes.
How market volatility and withdrawal timing impact retirement income. This video can help you be seen as an authority on retirement income strategies and educate clients on sequence of returns risk.
If you had more money, would it solve all your fights about money? Maybe some of them, if you and your significant other are at odds only because of a scarcity of resources in your household.
Creating an estate plan is a task that routinely gets pushed to the bottom of the pile. Some assume that estate plans are only for the wealthy. Others may simply want to avoid some of the tough topics estate planning entails.
You may be familiar with Health Savings Accounts (HSAs). These accounts have been around now for a while. They work with high deductible health insurance and are known for their triple tax benefits. Contributions can be deducted.
When you contribute to a traditional IRA you make a deal with Uncle Sam. You can get a tax deduction and tax deferral on any earnings in your IRA. However, eventually the government is going to want its share and will require funds to come out of these accounts.
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