How to do effective retirement planning for high income individuals 401K vs TaxesQuestion: Hi, I am trying to find out what would be more beneficial to me. According to the Tax Law. I made too much money (Only about 130K) between the wife and I for the year, we are empty nesters and we and paying up to the moon in taxes. Is there a formula in which I could figured out if I should put away more every month in order to cover my taxes at the...more
A Lawyers Favorite Lawyer Jokes Lawyer JokesQ: How does a pregnant woman know she is carrying a future lawyer?A: She has an extreme craving for baloney.Q: What is the legal definition of "Appeal"?A: Something a person slips on in a grocery store.Q: Why did God make snakes just before lawyers?A: To practice.Q: What do you call a lawyer with an IQ of 12?A: Your Honor.Q: What's the difference between a lawyer and a herd of buffalo?A: The...more
When you are investing in rental property, you need to understand both landlord and tenant rights. Often times, landlord-tenant relations are not regulated by any state agency. State statutes are what define landlord and tenant rights. The rights of each party should be listed is a lease agreement. Below are some of the items that need to be included in a lease.Security Deposit and Rent AmountIn every state, the security deposit cannot exceed a certain amount of monthly rent. Once you are investing in rental property and find renters, there needs to be an agreement of the amount and when it is due. Included in this agreement is what happens if rent is late. It is illegal for a landlord to take tenants' property for unpaid rent.Lease TimeThere needs to be a specific time listed of how long the renters plan to stay. You need this in case the tenant needs to leave before the lease time is up. Usually, there is some sort of financial penalty if the tenant decides to break the lease early. When investing in rental property, you need time to find a new tenant as soon as possible. It is standard practice that tenants must give 30-days notice before moving out. Make sure you include...more
Know About the Various Types of Investing Needles There in all probability aren't many individuals who haven't observed the diverse needles which are used as decorations by distinct sportsman and largely baseball participants. However these needles aren't only employed by players, but are rather also used by several...more
A friend of mine retired to Costa Rica from northern California at the age of 40. He lives in his debt-free small hotel, which is run by his hotel manager. He enjoys a healthy life eating his fill of fresh fruit and seafood. By moving to the Southern Caribbean part of Costa Rica, which is one of the world's best retirement destinations, he was...more
Last month, I was invited to make a presentation to a local Rotary club about trends in real estate and the economy. This was no dog and pony show with an eternal happy face. On the contrary, I warned the audience early on that, if they get easily depressed, this would be a good time to take their medication. In my opinion, there is very little of which to be optimistic about either the U.S. economy or real estate.Toward the end of my presentation, a woman in the audience, looking frustrated and out of sorts, asked where she should invest her hard-earned dollars. After all, I had dinged real estate, stocks, muni bonds, etc. rather heavily, so she asked what was left.Unfortunately, my response was probably of little help, as there are few options that provide a decent rate of return right now without taking on a large amount of risk (i.e., gold, commodities, higher-yielding stocks). I am a mortgage buyer by trade, which means that my business is buying one mortgage note at a time from people who owner-financing their property and now want to sell their real estate note. Being a Mortgage Note Buyer allows me to get a good return on my investment without taking excessive risks. ...more
The recent global financial crisis have made us think of various innovative ways to fight against monetary issues and deficiencies, apart from taking help of debt relief companies and their debt cure options like Debt settlement, credit counseling...more
An average worker from the middle class is bound to suffer a retirement income shortfall after quitting the workforce. This is mainly because he or she has only been able to save 7% or less of his or her projected nest egg, and will probably have to...more
Myriad Investing Options For All Sections Of Interested Investors Gone were the days when people in India invested money in banks and assets and watched them grow poorly. With smart myriad investing options easily available, the number of...more
Most people know that when you start taking Social Security payouts influences how large your payouts are, and can impact the gap between your retirement expenses and expected income. Receiving benefits earlier than normal retirement age translates...more
Using some tools to help you get ready for retirement is not as difficult if you do not suffer from serious health conditions or have to leave the workforce due to company restructuring or downsizing. Before you use these tools, you will still need...more
Factors To Be Considered While Investing Looking for an online brokerage company that can give you good service? A google search will instantly transport you to a number of share stock trading sites. Before you sign up in such a company, do...more