The Motley Fool

AUGUST 8, 2023

Image source: Getty Images Have you ever heard that multi-billionaire Warren Buffett pays a lower federal income tax rate than his secretary? Many ultra-wealthy American households pay surprisingly low effective federal income tax rates, and in some cases, no taxes at all. No tax breaks are designed to only benefit billionaires.

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The Motley Fool

SEPTEMBER 7, 2024

Image source: Getty Images In 2017, Congress passed the Tax Cuts and Job Act (TCJA), which introduced sweeping changes to the tax code, including a tax cut called the Qualified Business Income deduction. Part of that tax bill is set to expire soon, which could have a massive impact on many small businesses.

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The Motley Fool

SEPTEMBER 24, 2023

Taxes in retirement can become complicated fast with income coming from several sources. A Roth IRA can help simplify your taxes while offering incredible savings. Opening up an account sooner rather than later can help you position your finances to keep your tax bill low in retirement. First is when you pay taxes.

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The Motley Fool

DECEMBER 22, 2023

Taxes on Social Security can be extremely complicated, and there are some big pitfalls you could find yourself falling into if you're not careful. It's important to understand the basics of how taxes on Social Security work. So keeping your combined income as low as possible is necessary to avoid taxes on Social Security.

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The Motley Fool

JULY 14, 2024

Contributions to traditional IRAs (often called contributory IRAs) are typically tax-deductible for the year in which they're made -- you'll simply owe taxes on this money as it's withdrawn from these accounts. Of course, both kinds of accounts are allowed to grow without incurring any tax liabilities as they do.

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The Motley Fool

OCTOBER 21, 2024

Enter Vanguard exchange-traded funds (ETFs), the brainchild of investing legend John Bogle. Vanguard's approach to investing, pioneered by Bogle, emphasizes low-cost, passive strategies that have revolutionized the investment landscape. Image source: Getty Images. Image source: Getty Images.

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The Motley Fool

MAY 23, 2024

Image source: The Motley Fool/Upsplash If you're ready to save and invest for retirement, there are a number of different accounts you can choose from. Flexible options for withdrawing money The money you put into a Roth IRA comes from after-tax dollars. Because of this, the IRS is fairly lenient about when you can take withdrawals.

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The Motley Fool

OCTOBER 29, 2024

Should you invest $1,000 in First Solar right now? if you invested $1,000 at the time of our recommendation, you’d have $861,121 !* Please note, this call will include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from management's current expectations.

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The Motley Fool

OCTOBER 31, 2024

LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation. The main benefits of creating an LLC include: Liability protection: An LLC protects your personal assets by separating your business and personal assets.

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The Motley Fool

APRIL 26, 2024

Choosing the right investments and knowing how much you can safely withdraw per year in retirement are both helpful. When you put money into a tax-deferred retirement account like a traditional IRA or 401(k) , the government subtracts your contribution from your taxable income for that year. How do you reduce your taxes in retirement?

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The Motley Fool

AUGUST 6, 2023

Image source: Getty Images Real estate investment is one of the most profitable ways of investing money in today's world. However, before you dive into the rental property business, you need to do your homework to ensure you're making the right investment moves.

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The Motley Fool

MARCH 19, 2025

Should you invest $1,000 in Sportradar Group Ag right now? if you invested $1,000 at the time of our recommendation, youd have $707,481 !* We are leveraging our investments in technology and AI to automate, commercialize, and increase accessibility to sports data for a broader ecosystem.

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The Motley Fool

OCTOBER 8, 2023

Social Security benefits may be taxed but generally aren't double -taxed First and foremost: Yes, with a few exceptions, you can still collect Social Security retirement benefits you're eligible to receive when you're living overseas. Chief among them is how these payments are taxed. income tax on their Social Security benefits.

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The Motley Fool

DECEMBER 9, 2024

Should you invest $1,000 in Oracle right now? if you invested $1,000 at the time of our recommendation, youd have $872,947 !* The non-GAAP tax rate for the quarter was actually 20.1%, which is higher than my 19% guidance. Even as higher tax rate lowered EPS by $0.02, we still hit the high end of my constant currency guidance.

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The Motley Fool

NOVEMBER 7, 2024

life insurance business; and Kelly Saltzgaber, chief investment officer, will also be available to take your questions. Should you invest $1,000 in Genworth Financial right now? if you invested $1,000 at the time of our recommendation, you’d have $892,313 !* Consider when Nvidia made this list on April 15, 2005.

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The Motley Fool

MAY 17, 2024

It provides millions of Americans with a financial safety net, but like other forms of income, its benefits have tax implications. The good news is that most states don't have any Social Security tax rules. Kansas : You're potentially subject to taxes regardless of your filing status if your AGI is above $75,000.

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The Motley Fool

FEBRUARY 19, 2025

Life Insurance business; Kelly Saltzgaber, chief investment officer; and Samir Shah, CEO of CareScout Services, will be available to take your questions. If youre worried youve already missed your chance to invest, now is the best time to buy before its too late. We had a total estimated pre-tax statutory loss for our U.S.

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The Motley Fool

APRIL 10, 2024

These accounts offer unique tax advantages you won't find with most other retirement accounts. No taxes on withdrawals The biggest benefit of Roth IRAs is the tax-free withdrawals they offer you in retirement. Theoretically, you could avoid taxes entirely in retirement if you had all Roth savings.

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The Motley Fool

JULY 19, 2024

The State of Retirement Planning study by Fidelity Investments found that more than half of future retirees now plan to start a business when they retire, and two-thirds plan to do a phased retirement, where they work part-time for a few years before completely retiring. Income from a business can help with expenses not covered by Medicare.

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The Motley Fool

JULY 24, 2024

There's no doubt Bank of America has been a very successful investment for Buffett and Berkshire Hathaway shareholders. And Buffett is famously quoted as saying his favorite investment holding period is "forever." Another reason may have less to do with the current valuation and more to do with locking in gains at a favorable tax rate.

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The Motley Fool

MAY 5, 2024

Image source: The Motley Fool/Upsplash The end of tax season is a good time to reflect on the value of professional tax help, especially for small business owners. I don't know why any small business owner would want to go through the hassle and stress of doing your own taxes.

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The Motley Fool

DECEMBER 18, 2024

If youre worried youve already missed your chance to invest, now is the best time to buy before its too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, youd have $338,103 !* Apple: if you invested $1,000 when we doubled down in 2008, youd have $48,005 !*

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The Motley Fool

OCTOBER 31, 2024

Representing Prudential on today's call are Charlie Lowrey, chairman and CEO; Rob Falzon, vice chairman; Andy Sullivan, head of international businesses, and PGIM, our global investment manager; Caroline Feeney, head of US businesses; Yanela Frias, chief financial officer; and Rob Axel, controller and principal accounting officer.

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The Motley Fool

JULY 13, 2024

And if an employer offers an employee stock purchase plan (ESPP), they invest at a discounted rate. They invest outside of work, too Wealthy Americans typically grow their money by automatically investing a portion of their monthly income.

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The Motley Fool

AUGUST 24, 2024

The federal government encourages retirement savings by offering a tax break for anyone who contributes to certain retirement accounts like a 401(k) or IRA. If you save money in a traditional tax-deferred retirement account, you can deduct the amount you put in on your tax return this year.

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The Motley Fool

AUGUST 3, 2024

But 401(k)s can seriously limit your investment choices. You'll face taxes on withdrawals in retirement Unless you keep your money in a Roth IRA , your retirement plan withdrawals will be subject to taxes during your senior years. To then have to lose some of that income to taxes might be a blow.

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The Motley Fool

FEBRUARY 1, 2024

If you want $1,000 in super-safe dividend income in 2024, all you'd need to do is invest $9,750 (split equally, three ways) into the following three ultra-high-yield stocks, which sport a scorching-hot average yield of 10.28%! Furthermore, any potential liabilities would likely be determined by the U.S. yield is safe.

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The Motley Fool

OCTOBER 21, 2024

To this end, here's a rundown of four simple strategies for minimizing the tax bills created by required minimum distributions -- or RMDs -- from your IRA accounts once you can no longer postpone them. This won't sidestep a tax bill. What's a required minimum distribution? Most people end up outliving at least some of their savings.

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The Motley Fool

JANUARY 1, 2024

Tax accountants will often work with their clients to identify all of the possible expenses and deductions to minimize their tax bill. In some rare cases, it might make sense to defer deductions or schedule certain expenses to maximize AIME if it doesn't meaningfully change your tax bill over the course of a few years.

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The Motley Fool

SEPTEMBER 13, 2024

If you're a fan of exchange-traded funds, then you're also likely a fan of index investing. Index investing is the one surefire way to ensure you never underperform the broad market, since you're simply buying and holding a balanced piece of the broad market. Should you invest $1,000 in Invesco S&P 500 Equal Weight ETF right now?

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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.

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The Motley Fool

MAY 29, 2024

Brokerages such as Charles Schwab , Fidelity Investments, and Vanguard provide investors with a lot of optionality when it comes to putting your money to work. However, just like certain stocks, there are better choices than others when it comes to dividend investing. The point is that at some point, the IRS is paid some taxes.

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The Motley Fool

JANUARY 22, 2024

But along with forming an LLC, filing annual reports for a corporation, or filing business tax returns, now there's a new one called "BOI." In most states, with just some simple paperwork and a small fee, you can set up a small business that has its own separate identity for banking , taxes, and liability purposes.

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The Motley Fool

APRIL 20, 2024

Amid recent struggles involving a one-time tax liability, growth in lower-margin first-party sales, and falling shipping revenue, the stock grew by only 8% over the last year. As MercadoLibre moves on from the tax liability and continues to capitalize on synergies in its home region, the stock is likely to continue moving higher.

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The Motley Fool

DECEMBER 18, 2023

For most 401(k) plans, you have until the end of 2023 to contribute up to the limit, while IRA investors have until tax day of 2024 (April 15) to hit theirs. Harvest your losses As you're looking at your investment accounts, you might as well do some end-of-the-year cleaning.

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The Motley Fool

NOVEMBER 21, 2024

If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $378,269 !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,369 !*

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The Motley Fool

OCTOBER 8, 2023

You want to grow your business bank account balance while making smart investments in your company's future, so you don't want to spend on anything unnecessary. Every business should have liability insurance in case it is sued. Here's what they are. So, be sure to pay what you need to get high-quality professional advice.

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