The Motley Fool

JULY 19, 2023

Invest in yourself Your earning potential is one of your greatest assets. Education isn't just for the young -- it's a lifelong process. It's never too late to go back to learn a new skill, and continuing your education as an adult can be extremely beneficial in both personal and professional aspects of your life.

Education 243

Education Assets Accounting Taxes 243

The Motley Fool

APRIL 21, 2024

This article is intended for educational purposes only and is not legal advice. A key component of financial management is estate planning, and a living trust is a popular choice to consider when deciding how to divide up your assets for the next generation. That could lessen their value as a tool for asset protection in your case.

Legal 246

Legal Consulting Consultants Education 246

The Motley Fool

JULY 1, 2024

This article is intended for educational purposes only and is not legal advice. In the course of the next 20 years, Americans are expected to inherit an astounding $72 trillion in assets. You could write a will that dictates where you want your assets to go. For guidance on your personal situation, please contact a lawyer.

Legal 246

Legal Education Consulting Consultants 246

The Motley Fool

AUGUST 29, 2023

This article is intended for educational purposes only and is not legal advice. If you're at the point in your life where you're seriously looking at your final wishes, you may well find yourself deciding whether to use either a living trust or a will as the main vehicle for distributing your assets when the time comes.

Legal 246

Legal Education Taxes Assets 246

The Motley Fool

JULY 28, 2024

This article is intended for educational purposes only and is not legal advice. I value my privacy -- a lot You might think that there are special tax breaks to be enjoyed with a living trust. But I don't see any obvious tax benefit. For guidance on your personal situation, please contact a lawyer. But I knew it had to be done.

Legal 246

Legal Education Taxes Assets 246

The Motley Fool

MARCH 19, 2025

As anticipated, our cash balance declined 20 million from the end of the third quarter, primarily due to the acquisition of the affiliate marketing assets of XLMedia, as well as from the timing of sports rights payments. So, for the most part, that is the asset that we're acquiring as part of this transaction.

Leveraging 245

Leveraging Assets Liabilities Shareholders 245

The Motley Fool

JULY 23, 2023

Millions of parents and grandparents have poured billions into 529 accounts to fund their beneficiaries' schooling since the tax-advantaged savings plans were created by Congress in 1996. The assets can grow beyond those limits, of course. A year after a bipartisan effort by Sen. Bob Graham (D-Fla.) Paul Coverdell (R-Ga.)

Education 130

Education Mutual Funds Funds Taxes 130

The Motley Fool

OCTOBER 28, 2024

Professional fund managers are extremely smart, highly educated, hard-working, and ultra-competitive. Not to mention, you'll have proven to have the investment chops to take on more assets, earning more money in the future. In real life, investors have to pay taxes. Image source: Getty Images.

Mutual Funds 246

Mutual Funds Funds Taxes Investing 246

The Motley Fool

SEPTEMBER 10, 2023

What's more, the Trustees Report estimates that the asset reserves -- the excess revenue collected since inception -- of the Old-Age and Survivors Insurance Trust Fund (OASI) could be exhausted by as early as 2033. US Old-Age, Survivors, and Disability Insurance Trust Fund Assets at End of Year data by YCharts. Absolutely. 31, 2022.

Taxes 246

Taxes Legal Banks Assets 246

The Motley Fool

DECEMBER 15, 2024

Professional fund managers tend to be highly educated, hard-working, and extremely smart. The strategy will produce after-tax returns better than about 98% of actively managed mutual funds over the long run. For reference, Buffett currently manages over $600 billion in investable assets. Image source: Getty Images.

Mutual Funds 240

Mutual Funds Funds Taxes Investing 240

The Motley Fool

FEBRUARY 13, 2025

As Wetteny mentioned at the JPMorgan Healthcare Conference in January, true disruptive scientific innovation often follows a nonlinear growth trajectory due to the investment, education, and market development required to establish entirely new categories of care. Our adjusted effective tax rate for 2025 is expected to be approximately 21%.

Education 243

Education Taxes Portfolios Leveraging 243

The Motley Fool

JUNE 18, 2024

Roth IRAs are a hit among savers because you can pay your tax bill upfront and enjoy tax-free income later. This can be a perfect setup for your child since they are typically in a lower tax bracket when they are younger. As soon as your child starts earning income, you should consider opening a custodial Roth IRA.

Taxes 246

Taxes Education Legal Accounting 246

The Motley Fool

SEPTEMBER 4, 2023

This article is intended for educational purposes only and is not legal advice. When planning for your family's future after you're gone, it can be tempting to think a will is all you need to pass your assets to your family. A living trust is a legal document that allows you to place your assets into a trust while you're still alive.

Legal 246

Legal Education Consulting Consultants 246

The Motley Fool

JUNE 7, 2024

However, with discipline, consistency, and education, you still have a shot at getting closer to the million-dollar mark before you hang up your working shoes. Here are a few moves to consider: Calculate your net worth : Jot down all your assets, including savings accounts, certificates of deposit, and retirement accounts.

Exchange-Traded Funds 242

Exchange-Traded Funds Taxes Accounting Education 242

The Motley Fool

JULY 2, 2024

If your income is under a certain threshold , you can contribute after-tax dollars to a Roth IRA and receive tax-free income during retirement. Alternatively, you can contribute to a traditional IRA and potentially qualify for a tax break in the current year if you meet the eligibility criteria.

Exchange-Traded Funds 243

Exchange-Traded Funds Taxes Debt Finance 243

The Motley Fool

MAY 5, 2024

To calculate your net worth , you add up all of your financial assets -- cash savings, retirement accounts, other investments, your home value, and any other property -- and subtract any liabilities -- your mortgage balance, student loans, credit card balances, and any other debt you might owe. Think of it like a personal balance sheet.

Liabilities 246

Liabilities Debt Education Assets 246

The Motley Fool

JULY 27, 2023

We never implemented the improvements to financial education and discipline required to effectively replace pensions with DIY retirement planning. Carrying a balance inflicts more damage on the overall financial plan than asset growth can possibly overcome. The rapid disappearance of defined benefit pensions triggered this issue.

Education 246

Education Accounting Taxes Assets 246

The Motley Fool

SEPTEMBER 4, 2024

Bill Mann: They have a dent and scratch asset on their hands. They are looking to flip this asset. Dan Otter is the founder of 403bwise.org, a not-for-profit website dedicated to educating teachers about retirement plans. In 2000, I launched 403bwise, and the whole goal of the website is education and advocacy.

Education 246

Education Mutual Funds Taxes Assets 246

Fortune Financial

NOVEMBER 22, 2022

The clock is ticking for taxpayers who wish to minimize the taxes they will owe in the spring. The IRS does not tax what you divert directly from your paycheck into your retirement or health savings accounts. A Roth conversion will lower the Required Minimum Distributions (RMDs) from tax-deferred accounts.

Taxes 98

Taxes Education Mutual Funds Accounting 98

The Motley Fool

SEPTEMBER 25, 2023

This article is intended for educational purposes only and is not legal advice. If you haven't begun yet, now's the time to review how well your portfolio's asset mix aligns with your risk tolerance and timeline. Here's where a trusted financial advisor can help you position your assets appropriately now and going forward.

Legal 245

Legal Education Taxes Assets 245

The Motley Fool

MAY 4, 2024

Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future. Another asset Berkshire loves is cash. Berkshire's cash and U.S.

Taxes 246

Taxes Conglomerates Education Banks 246

The Motley Fool

JUNE 14, 2023

Investing, on the other hand, is about buying assets such as equities, bonds, or real estate that will generate higher returns over time. You're not alone -- many of us weren't thinking about retirement when we were in our 20s and trying to get an education, get a foot on the career ladder, or just enjoy our youth.

Taxes 246

Taxes Accounting Education Banks 246

Fortune Financial

JULY 28, 2022

Anyone who owns company stock will eventually have to decide how to distribute their assets — typically when there is a job change or retirement involved. When you transfer most assets to a taxable account, there will be income tax, but with company stock, you can take advantage of net unrealized appreciation (NUA). .

Taxes 98

Taxes Accounting Assets Education 98

The Motley Fool

SEPTEMBER 24, 2023

If you have disposable income and have an eligible retirement plan, use a mega backdoor Roth IRA to save a significant amount of tax-free money for your retirement. Create a trust if you want to protect assets and leave a legacy. Four years out Here are your next steps with four years to go.

Education 246

Education Debt Banks Accounting 246

The Motley Fool

MARCH 31, 2024

This article is intended for educational purposes only and is not legal advice. Estate planning is a crucial aspect of financial management, the end game that ensures your assets are distributed according to your wishes. To be sure, consult a qualified tax attorney. Image source: Getty Images.

Legal 190

Legal Consulting Consultants Education 190

The Motley Fool

DECEMBER 13, 2023

The company's stock has produced total returns (including dividends and before taxes) of 109,200% in the last 40 years. After all, the therapy will likely require Vertex and CRISPR to invest in patient and prescriber education initiatives, and these programs will probably take time to bear fruit.

Education 246

Education Taxes Shareholders Capital 246

The Motley Fool

FEBRUARY 27, 2025

Additionally, we made further progress on reducing our theater and education investments and recycling those proceeds into other experiential assets. Our education portfolio comprises 68 properties with eight operators and at the end of the quarter, excluding the vacant property we intend to sell was 100% leased.

Education 130

Education Debt Assets Capital 130

The Motley Fool

APRIL 23, 2024

Tools like allowance systems, savings jars, and educational apps can make learning about money fun and engaging for kids. Ask family to contribute to a 529 or UTMA account When saving for your child's future education expenses, you don't have to do it alone. Introduce concepts like saving, spending wisely, and investing early.

Education 130

Education Taxes Accounting Leveraging 130

The Motley Fool

MARCH 30, 2024

With a 529 plan , your investments get to grow tax-free, but there can be steep penalties for taking withdrawals for non-educational expenses.) As such, it's time for me to start keeping some of my college savings in more conservative assets. But last year, I managed to save a chunk of money for my kids' college.

Banks 246

Banks Accounting Education Stock Market 246

The Motley Fool

MAY 20, 2024

Even with a decent income, I can't cover my household's costs of living and two kids' college educations at the same time, just from a paycheck. I've since contributed to those accounts every year, generally striving to max out my state's tax deduction over the course of a year. This is because the market can fall as well as rise.

Portfolios 130

Portfolios Mutual Funds Education Taxes 130

The Motley Fool

SEPTEMBER 1, 2024

The other lure of an age 62 claim is the possibility of the Old-Age and Survivors Insurance Trust Fund (OASI) exhausting its asset reserves by 2033. Since none of us knows when we'll die, there's always going to be some level of educated guesswork involved. This is why there's no perfect Social Security claims blueprint.

Taxes 244

Taxes Education Accounting Assets 244

The Motley Fool

DECEMBER 26, 2023

While I pride myself on living below my means, the math simply doesn't work out for me to be able to cash flow two simultaneous college educations and cover my costs of living from salary alone. Those plans allow you to put money to work that is after tax from a Federal perspective but potentially tax deductible from a state perspective.

Education 130

Education Mutual Funds Taxes Prospects 130

The Motley Fool

SEPTEMBER 5, 2023

Image source: Getty Images Trusts can help you safeguard your assets and distribute them effectively. They can also help you avoid tax hassles and legal battles. Are you looking to protect your assets from creditors? Reduce taxes on your estate? Ensure your loved ones are provided for after you pass away?

Taxes 130

Taxes Banks Assets Education 130

The Motley Fool

MAY 4, 2024

For instance, early filers can be penalized by the Social Security Administration (SSA), and some beneficiaries could be taxed on a portion of their payout at the federal level , as well as in 10 states. It's also a reminder that there's always going to be some level of educated guesswork involved when claiming Social Security benefits.

Education 246

Education Accounting Taxes Assets 246

Zajac Group

NOVEMBER 7, 2024

One of the most important aspects of developing a thorough estate plan is tax planning, as this has the potential to diminish the impact of your gifts and your loved ones’ inheritances. Let’s take a look at the tax impact and other considerations of each. million before triggering federal estate taxes).

Liabilities 52

Liabilities Taxes Legal Assets 52

The Motley Fool

NOVEMBER 23, 2023

For example, hiring an attorney and planning for taxes are important steps to take. If you win a $1 billion Powerball jackpot, you'd receive a little less than half as a lump-sum payment, and after taxes, you'd be looking at an actual payout of about $300 million, depending on what your state and local tax situation is.

High Net Worth Individuals 130

High Net Worth Individuals Taxes Investing Education 130

The Motley Fool

MARCH 18, 2024

That extra cash should be earning you some interest, investment gains, tax benefits, or other perks! And if you're a high earner in a higher tax bracket, you might want to max out your 401(k) with up to $23,000 for 2024 ($24,000 for people aged 50 and over). This is a great way to get a tax break and save more for retirement.

Accounting 130

Accounting Taxes Banks Education 130