Welcome to the December 17, 2013 edition of Tax Carnival Ecstasy. We start with some information on filing your taxes at the end of the year for the 2013 tax season. We have a TradeKing review from John Schmoll. And finally Mark Wang looks at assets that you can own that create passive income. Make sure to bookmark the carnival on social sites, like on Facebook, Tweet, and share with all your friends.
Bill Smith presents Important Dates For Filing Your 2013 Tax Return Forms posted at 2011 Taxes, saying, “As the year comes to an end, it … Read more at 2010 Tax.
Retirement planning is something that people usually do to prepare for old age. But did you know that it’s also something that you can do early on? Early retirement is an option for some but not many fully grasp its concept. Even though it seems impossible, do note that many have made this happen. Expatriates are among those that have retired early and are now enjoying life.
Before you opt for early retirement, think hard and ask yourself – do I really want to retire at an early age? For those of you who find it impossible to achieve given … Read more at 2010 Tax.
As medical technology advances, society becomes safer and health knowledge becomes more mainstream, the life expectancy of humans tends to increase. In 1950, the average lifespan was 68 years. Today, that figure has risen to 78. While people are excited about living longer, quality of life is also an important part of retiring comfortably. Finding ways to stretch your retirement budget will allow you to retire at a normal age without having to sacrifice the hobbies and adventures you enjoy. Here are 4 ways to get the most out of your retirement budget:
1. Create a Financial Strategy
Getting the … Read more at 2010 Tax.
Retirement planning is difficult for everyone. It is even more difficult if you don’t plan accordingly or you lack the right information. Unless you are fabulously wealthy, there is no sure-fire plan that works perfectly. However, you can make your retirement planning a lot easier by avoiding these common myths.
You’ll Have Less Expenses
Even if you pay off your home and cars by the time you retire, that doesn’t necessarily mean that you’ll spend less money comparatively speaking. Remember, you’ll also likely be living on less income than you earned while you were working. So, you may have fewer … Read more at 2010 Tax.
There are many ways to put back money for retirement and many ways to invest without a saving of money for retirement. Some of the plans that can be used for retirement include Individual Retirement Accounts and company retirement accounts. Discussed below are the advantages and disadvantages to holding an individual retirement account known as a Roth IRA.
A Roth IRA is a retirement account that allows for an individual within a certain income bracket to contribute a certain amount of money each year to a fund. The fund is not tax deferred meaning that the year the money is … Read more at 2010 Tax.
At a party last week there started a discussion about the best places to live in the US. It quickly turned to matters of living in a pleasant climate with low cost of living as the group was primarily of the age about to reach retirement.
These friends were vigorously debating the virtues of living in a warm climate mostly to avoid the drudgery are dealing with winter temperatures and precipitation. Places like the Southwest and southern states dominated the conversation throughout.
If you are in the same age category as my friends and myself, there is a good … Read more at 2010 Tax.keep looking »