Wednesday, April 13, 2016

Invisible fees in mutual funds



     The cost to acquire a mutual fund (load) and the cost to run that fund (expense ratio) are easily understood by most mutual fund owners. What is rarely understood is how the mutual fund buys and sells the assets in the fund. These costs are known as invisible fees. Find out more in this article, and view a video on Mutual Fund Fees.




Saturday, April 2, 2016

The 15 tax-friendliest states for retirees

15 BEST STATES FOR TAXES ON RETIREES




Retirees have special concerns when evaluating state tax policies: Are Social Security benefits taxed? Does the state impose its own estate tax? Are there property tax breaks for seniors? The answers can greatly affect the financial well-being of someone living on a fixed income.
These 15 states impose the lowest taxes on retirees, according to Kiplinger's 2015 analysis of state taxes. All but one of them exempt Social Security benefits entirely from state taxes. Most exempt at least a portion of other retirement income, such as pensions and withdrawals from tax-deferred retirement plans. Read more...

Are you planning to retire? Here are a few common mistakes to steer clear of, if possible, while preparing for retirement:

Overlooking Health Care Costs Health care  costs  are projected to continue their current annual increase in rate of more than double ...

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