Tag Archives: Insurance

Create Your Post-College Budget In 6 Easy Steps

Establish A Post-College Budget In Just 6 Steps

Congratulations on having earned your diploma and on having received a job offer. This time of life is guaranteed to be exciting.

As you begin planning your next moves, it is vital to have a budget. How do you create a post-college budget? Following are several things that I discovered after having graduated and started my first adult job.

Consider Your Monthly Income

Investment

Investment (Photo credit: LendingMemo)

You might have an awesome starting salary, but you should not use this figure to write out your budget. Determine how much you’re going to … Read more at 2011 Taxes.

Know Your Tax Responsibilities on Insurance

When purchasing life insurance, it is important to consider all of the circumstances that could affect the amount of money needed by beneficiaries. One issue everyone should consider is taxation. Many people wonder if they have to pay taxes on life insurance. Many people assume that all proceeds from life insurance are tax-exempt, but the truth is actually more complicated.
Death benefits of a life insurance policy, in general, are free from federal income tax when distributed by the insurance company to a named beneficiary or multiple beneficiaries. In other words, when a husband dies, his wife usually … Read more at 2011 Taxes.

The ‘Buffett Rule’ For Millionaires – Would It Work?

President Barack Obama and Warren Buffett in t...

Image via Wikipedia

Warren Buffet is a known millionaire – one that has worked his way through life and followed the tax rules. He has many employees. Recently, attention has been called to the fact that his secretary pays less in taxes (or is put to a lower tax rate than he).

Those that see this as impossible simply have not looked at the various head’s of company’s in the past. Yes, they make more money, but yes, they are responsible for a lot more and have to determine how to pay all the bills for a company, hire … Read more at 2011 Taxes.