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Q&A: What is using cash value life insurance for retirement savings?

One of the more popular uses for cash value life insurance is to save for your retirement. Cash value life insurance refers to a wide…

Q&A: What is tax-planning with life insurance?

Life insurance can help you achieve various goals. Tax planning with life insurance involves minimizing the tax consequences of your life insurance decisions. Tax planning…

Choosing a beneficiary for your IRA or 401(k)

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of…

Q&A: What is a life insurance trust and why should I consider establishing one?

A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor),…

New HARP Program for Your Mortgage

Recently, President Obama has been talking about another mortgage help program for struggling homeowners.Now he has released his proposal, which is an expansion on the…

Get a 6 Month Tax Extension at FileLater.com

The IRS grants tax extensions by submitting Form 4868. FileLater.com offers an simple online application for submitting this form electronically. FileLater.com features:E-file Form 4868 - Personal…

Taxable Income

Types of Income You’re Taxed On & What Is Tax-Exempt During the year, you may receive income in the form of money, property, or services.…

What Is Federal Withholding

How These Taxes Affect Your Paycheck, Tax Return, and Tax Refund The terms “payroll taxes” and “withholding taxes” essentially refer to the same thing. In…