1. Cash Value: The cash value is the portion of the surrender value that represents the accumulated savings or investment component of a permanent life insurance policy, such as whole life or universal life insurance. Over time, as policyholders pay premiums, a portion of those premiums is all...
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Okay, is your head spinning yet? Don’t worry. We’ll look at a real-life example in just a minute. Before that, let’s look at who has to pay the self-employment tax. Who Has to Pay the Self-Employment Tax? We already know if you earn all your income from being self-employed,...
Two things I have noticed during my lifetime is that people have become more selfish and less acountable for their actions. Maybe, it’s because I was born in the 60s, but it seems like people had a much bigger sense of the greater good. And, they took more responsibility for their ...
aI wanted to make miscellaneous purchases of all products. However, in Brazil we have a problem with the customs invoice for all that is above $ 50.00 USD, are taxed at 94% I wanted to make miscellaneous purchases of all products. However, in Brazil we have a problem with the customs in...
It should be heavily taxed, too! Let’s get the Feds in on this. If it should go up in value, we’ll go ahead and tax that gain. If it goes down in value should we offer a balancing tax deduction on the loss like with other investments? Nah. ...
Example:If you have $200,000 in your IRA and your life expectancy is 20 years, your RMD for that year would be $10,000. Can You Take Gold as Your RMD? Yes! One of the cool things about a precious metals IRA is that you can take your RMD in the form of physical gold rather th...
Then at some point in the past year or two (the last two years of my life is just one giant glob of time that can’t be separated into individual units … I have no idea when any of this happened or how much time elapsed between all of these steps), my friend Sara brought some ...
athat he had undergone excessive toil since he saw us, and in recompense had been grossly abused by the doctor, who taxed him with being confederate with us, in a design of taking away his life and that of the captain. After some time spent in mutual exhortation, he got up, and ...
My dad, who along with my mom, went from living in a one room shed to living in an upper middle class neighborhood to give the life to their children that they could only imagine when they first married, laying in a second hand bed at nighttime, daydreaming in whispers to one another...