by admwiu | Dec 12, 2023 | Research
One of the most attractive features of an annuity is its tax-deferred status. Generally, you won’t pay any income tax on the interest or earnings until you start taking withdrawals in retirement (age 59½ or later). Qualified and nonqualified annuities are taxed...
by admwiu | Dec 12, 2023 | Research
United States tax law is a constantly changing landscape. The latest major piece of tax legislation is the Tax Cuts and Jobs Act, which was signed into law on December 22, 2017, by President Donald Trump. The 2017 law kept the 10% personal income tax rate and lowered...
by admwiu | Dec 12, 2023 | Research
Responding to the changing needs of consumers, the life insurance industry has developed some alternatives that go much further in satisfying a variety of financial needs and objectives than some of the more traditional types of insurance and annuities. Advancements...
by admwiu | Dec 12, 2023 | Research
Provisions in the tax code allow you to pay lower capital gains taxes on the sale of assets held more than one year. Short-term gains — those resulting from the sale of assets held for one year or less — are taxed as ordinary income at your highest marginal income tax...
by admwiu | Dec 12, 2023 | Investment management, Research
The simple answer to this question is “yes.” There are two main types: (1) municipal bonds and municipal bond mutual funds and (2) tax-free money market funds. Municipal bonds are issued by state and local governments in order to finance capital expenditures;...
