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Posts Tagged ‘social security’

What are the disadvantages of buying annuities vs investing in a no load mutual fund?

August 1st, 2010

I am 58 and my husband is 53 . After raising our 3 kids we have about 25K saved. We thought of buying a single payment annuity so that we can receive payments for life. We do not know how much a month we will get and whether it would be better just invest in a no load mutual fund like Fidelity Retirement fund Which approach will serve our purpose better We have no other retirement except social security in a few years( I plan to take social security at 62 but I might have to work until 66 . My husband plans to take his at 62.

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Technorati Tags: annuity, fidelity, mutual fund, retirement fund, single payment, social security

Posted in Top Rated Mutual Funds |

Tags: annuity, fidelity, mutual fund, retirement fund, single payment, social security |

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Has anyone ever done the PayPal money market fund? Should I do it?

July 16th, 2010

It says ean a return on your paypal balance.

When you sign up for the Fund, your PayPal balance will translate into shares of the Money Market Fund, though the function of your PayPal account will not change. You will be assigned shares of the PayPal Money Market Fund automatically, and you will begin to earn monthly dividends. In addition to dividends, you are entitled to participate in events such as shareholder proxy votes.

The current yield is 5.04%* Learn more.To sign up instantly for the PayPal Money Market Fund, please enter your Social Security number and Date of Birth below.

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Technorati Tags: current yield, date of birth, dividends, money market fund, paypal account, proxy, shareholder, social security, social security number

Posted in Best Index Funds |

Tags: current yield, date of birth, dividends, money market fund, paypal account, proxy, shareholder, social security, social security number |

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how earnings in the stock market get taxed?

June 4th, 2010

does income made in the stock market get taxed the same as the income I make at work? I know about the long term capital gains stuff but what else.

Does it matter what tax bracket I’m in as to how much it gets taxed? Do I have to pay state tax, social security etc??

Say I Make 100 dollars in the stock market and I was in a 25% tax bracket and took out the hundred I made before a year what would I be left with?
so wait if I buy 1000 dollars worth of stock and the price of the stock increases to give me 1200 dollars worth of stock at the end of the year they tax it even if my money’s still invested in the stock? How do they differentiate this profit between a short term and long term gain then?
"Dividends are tax at your normal tax bracket, except for qualified dividends, which are taxed at maximum of 15% (5% for those in 10% or 15% bracket), and you have to pay federal and state tax, but not social security or medicare tax."
so if I made 100 dollars in the stock market in over a year I would get taxed 15% + federal tax of 25% + state tax? Is that right? that ends up being over 40% of the income going to taxes.