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Tax Carnival Ecstasy – August 29, 2013

English: Steve Jobs shows off the white iPhone...

English: Steve Jobs shows off the white iPhone 4 at the 2010 Worldwide Developers Conference Español: Presentación del iPhone 4 por Steve Jobs en la Worldwide Developers Conference del año 2010 (Photo credit: Wikipedia)

Welcome to the August 29, 2013 edition of Tax Carnival Ecstasy. In this edition we start with a look at the rear risk of investing in the stock market by Matt Becker. Todd has  a nice guide to target retirement funds on his blog Fearless Men. Finally Bill Smith looks at Carl Icahn investing in Apple Inc. Hope you like the articles, share them on Facebook, … Read more at 2009 Tax.

Tax Carnival Ecstasy – January 10, 2013

Welcome to the January 10, 2013 edition of Tax Carnival Ecstasy. In this edition we have an article from John Schmoll on the First Steps to Investing in the Stock Market for those looking to save for retirement. Bill Smith looks at President Obama And The Fiscal Cliff Deal that was recently signed after passage in the House of Representatives. And finally we have a post on Ways An IRS Tax Lawyer Help You.  Hope you enjoy the articles in the carnival, bookmark our page, like on Facebook, tweet, share with your friends and come back soon.

James DeanRead more at 2009 Tax.

IRA Tax Penalty For Withdrawing Early

IRA Tax Penalty

If you are wondering if there is an IRA tax penalty for withdrawing money from an IRA early, the answer is yes.

It is best if you do not touch your money and let it accumulate as long as you can. If you decide to withdraw any money before the age of 59 and a half, the money will be subject to an early withdrawal penalty of 10% of the amount of distribution. By withdrawing your money early, you are losing tax free compounding which can cost you lots of money by the time you retire.

The … Read more at 2009 Tax.

Rules For Roth IRA Withdrawals

Roth IRA

Roth IRA (Photo credit: Philip Taylor PT)

If I make a partial Roth IRA withdrawal from a converted Roth IRA, will I have to pay taxes on it? That is a question that is often asked by tax payers.

My spouse and I converted most of our Roth IRA a couple years ago, and taxes were paid on it. If we have to, is it possible to withdraw that portion without paying any taxes or penalties? Just a slight technical issue here-any IRAs cannot be owned by two people, even married couples. It belongs to one of you two, and … Read more at 2009 Tax.

5 Investment Strategies For Beginners

An investment strategy can be defined as a stratagem or approach that will help an investor select an investment opportunity (read stock) that has a good return on investment, or one that has proven to be a good investment opportunity. While most of the investment strategies for beginners will focus on tried and tested methods that have worked for others, by the end of the day, it always boils down to what the beginner investor can be able to work with to diversify their investment portfolio.

It is therefore correct to say that the many different investment strategies would … Read more at 2009 Tax.

Tax-Free Lump Sums Through Pension Release

Lately, the UK pensions system has come under scrutiny because of the way that investors’ savings are locked away until they reach retirement. This year, for the first time since Individual Savings Accounts (ISAs) were started, they attracted more investors and more money than pension savings vehicles. Experts believe that this is because they offer a simple way to save that doesn’t ‘lock away’ savings until the age of 65.

However, through a process called pension release, there is a way for pension savers to unlock some of their hard-earned money before they retire. Anyone considering pension release must … Read more at 2009 Tax.

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