An investment is any action you can take with your money, in hopes that it will bring you a greater return on your money. The investment could be in stocks, bonds, real estate, retirement plans, or even collectibles. Learn here about different types of investments and how to deal with taxes, brokers, and more when it comes to your investments.
Taxes Affect Manufactured Home Refinance Decision
The owner of a manufactured home asks whether to pay off the mortgage loan or invest extra money. Since the manufactured home is a second home or investment property, the home owner should consider how his taxes will be affected. Tax software or a tax preparer before can help sort this out before deciding to refinance this manufactured home.
Ilyce Glink on WSB Radio – November 9, 2008
This week on the Ilyce Glink show, Ilyce talked about the stock market dive in the wake of an historic presidential election. She answered questions about where to invest money, should you contribute to a 401(k) if you're 64 years old, and what to do about selling your home. She also talked to one listener about not buying into a community of 150 homes where 6 were "almost finished" and nothing had been happening for at least a year. Listen to the show here. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Real Estate Taxes: Can You Deduct Them From Inherited Property
The U.S. Internal Revenue Service allows tax payers to deduct some real estate taxes when they file. Can an owner of multiple properties deduct the property taxes from a recently inherited property? A Think Glink reader asks about deducting the property taxes from a property he inherited with his brother from their mother. Sam and Ilyce say it's pretty unlikely that the real estate or property taxes may be deducted because the property is neither a primary residence nor an investment property.
Stock Market Troubles: It’s Hard To Keep The Faith When Your 401(k) Is Evaporating
It was shocking to hear former Federal Reserve Bank Alan Greenspan admit he recognized a "flaw" in his logic and reasoning. So, he thought banks would...
1031 Exchange: Deadlines, Type Of Property Impact Eligibility
A 1031 exchange allows you to buy and sell investment property within a specified time period and defer paying taxes to the IRS. Primary residences, second homes and vacation homes are generally not eligible for 1031 exchanges. Real estate market conditions may make it harder to sell a property and potentially prevent a successful 1031 exchange. Talk to a 1031 exchange company about doing a reverse exchange instead.
Use HELOC Or Investments To Pay For Senior Living?
A senior must pay for his senior living community in a short period of time, but the value of his retirement and other investments dropped dramatically. His daughter has offered to use her home equity line of credit to help pay for his retirement living. If the daughter uses her equity to pay for her father's retirement living, she should ensure his will states that she will be repaid for the loan.
Extra $500: Invest or Pay Off Mortgage?
This homeowner has an extra $500 a month and can't decide if he should pay down his mortgage or invest in the stock market. What's the better investment for his $500? Some investment advisors tell people nearing retirement to put money in a safer investment, but the stock market could also bring greater returns.
ETF Book Review: iMoney
Exchange-traded funds (ETFs) are mutual funds that are traded like stocks. ETFs run the gamut from general funds based on indexes to highly specialized ETFs, such as those that focus on narrow slices of medicine. If you are familiar with investing and want to learn more about ETF funds and ETF portfolios, read "iMoney: Profitable ETF Strategies for Every Investor."
ETFs And Investment Risk
As with any investment, exchange-traded funds come with some risk. Can ETFs help you get rich quick? How risky are ETFs? What can you do to mitigate risk when investing in ETFs? John Wasik, coauthor of "iMoney: Profitable ETF Strategies for Every Investor," shares his insights on ETFs and risk.
Investing: ETFs And Taxes
Can investing in exchange-traded funds, or ETFs, help you with taxes? ETFs are often based on a stock or another index and so are not actively managed. With passive management, an ETF has less trading activity, so there are fewer taxable events. ETF investors benefit from this approach because they may pay fewer taxes.