Taxes in Retirement Look Different Than Most People Expect
201807.10
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Taxes in Retirement Look Different Than Most People Expect

Doing your taxes in retirement could be a little more complicated than doing your taxes while working. Depending on your income, Social Security checks may or may not be taxed – let’s talk about those numbers… Plus, you’ll have to pay federal income tax on most retirement plan withdrawals (and state taxes depending on which…

Divide On Punishing Banks Cutting Ties With Gun Industry
201805.25
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Divide On Punishing Banks Cutting Ties With Gun Industry

Citigroup and Bank of America are cutting ties with the gun industry because recent mass shootings and Republican lawmakers are deciding whether or not these banks should be punished. There’s a large divide (even in Texas), just in time for Dallas hosting the National Rifle Association’s annual convention. The question is whether to cancel government…

What Tax Refund Really Mean
201803.06
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What Tax Refund Really Mean

There are two kinds of people in this world. Those who use their tax refund to take a nice vacation or splurge on something extravagant, and those that catch up on debt or try to bolster their meager savings account. Tax refunds averaged just under $3,000 last year. JP Morgan’s research shows this: People don’t…

What Trump’s Tax Cuts Mean For Dallas
201803.06
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What Trump’s Tax Cuts Mean For Dallas

Love him or hate him, President Donald Trump is about to put more cash in your pocket in 2018. While about 83% of Trump’s tax cut are headed to the wealthiest 1 percent of Americans, middle-income earners should feel a little increase in their checks too – and every bit helps. A married Dallas couple…

Why Insurance Dedicated Funds are Perfect for Investors
201708.02
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Why Insurance Dedicated Funds are Perfect for Investors

by in News

Investors – let’s talk insurance dedicated funds. How it works is fairly simple – a client purchases a private-placement life-insurance policy and the insurance company invests in alternative assets like hedge funds. Any profits would normally be taxed at a capital gains rate, but because it involves an insurance company, the money can grow tax-free….

Lower Taxes for Schools Doesn’t Mean Lower Taxes for You
201707.06
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Lower Taxes for Schools Doesn’t Mean Lower Taxes for You

If there’s one thing we as Texans hate, it’s paying property taxes. Compared to many other states, our property taxes are through the roof. You’re lucky if you’re paying under $3,500 for $150,000 home – many pay more. Colorado residents would expect to pay less than half that for the same value property Many people…