The IRS has announced the 2016 contribution limits for retirement and health savings accounts. Due to no inflation, and for the third time since 1975, the IRS left cost-of-living adjustment (COLA) unchanged, meaning that key contribution limits for retirement plans will remain unchanged. … [Read more...]
Why ETFs Are Better Than Mutual Funds
A term "mutual fund" has become so familiar that it is hard to imagine one's investment portfolio without at least a single mutual fund in it. In short, a mutual fund is a form of collective investing where investors pool money into an investment fund managed by a fund manager. The fund manager then purchases securities in accordance with investment mandate and sells the fund shares to the general public. … [Read more...]
5 Legal Ways Investors Dodge Taxes
While federal debt and budget deficit still remain within reasonable boundaries when compared to GDP, the tendency of these two fiscal metrics in absolute values continue to be worrisome. Some economists predict negative consequences if the trend continues unless the Government takes appropriate measures. One of such measures is to limit spending and optimize the budget. But it is easy said than done and seems unrealistic in the short and even middle-term. The other measure that the Government … [Read more...]