New Tax Perks For Non-Qualified Annuity Owners by Pete Mitchell
March 16, 2010 by Pete Mitchell
Filed under All Posts, Alternate Investments, Government Programs
On January 1, 2010, owners of nonqualified annuities were allowed some new tax benefits. On that date, the Pension Protection Act (PPA) of 2006 was fully implemented and brought about dramatic and interesting changes for those who had started annuities with after-tax dollars. At the start of 2010:
Rule Changes For In-Service 401(k) Rollovers
February 11, 2010 by Pete Mitchell
Filed under All Posts, Everything IRA, Your 401(k)
RULES CHANGES FOR IN-SERVICE 401(k) ROLLOVERS 401(k)-to-Roth rollovers are now possible before age 59½. There is a new possibility in the world of the 401k. Sometimes employees want to pull money out of a 401(k) before they retire. It isn’t always because of an emergency. Some workers want to make an in-service non-hardship withdrawal just to [...]
Preferred Stocks Presented by Pete Mitchell
February 4, 2010 by Pete Mitchell
Filed under All Posts, Stock Market Info.
Before I explain preferred stocks, let me explain dividends. Dividends are a part of the earnings that a corporation has that are paid out to it’s shareholders – usually on a quarterly basis. Let me give an example. Let’s say you own 1 share of xyz company, and that company is paying out a $5 annual dividend. Every quarter you would receive $1.25 for every share that you owned.
