On August 14, 2008, President Bush signed H.R. 4137, the Higher Education Opportunity Act. The Act reauthorizes the Higher Education Act of 1965 for another six years, and includes other provisions intended to improve college affordability, access, and accountability. The Act includes several provisions that may be of interest to students and their families.
If you're considering the purchase of an individual bond or even a bond mutual fund, one of your first concerns = will be its yield. However, when comparing various yields, you need to make sure you're not comparing apples to oranges. The
yield on a tax-free bond may be lower than that paid by a taxable bond, but you'll need to look at its tax-equivalent yield to compare them accurately.
The Economic Stimulus Act of 2008 was signed into law on February 13, 2008. The Act is intended to stimulate consumer spending in 2008, and features taxpayer rebate checks for more than 130 million individuals, as well as increased small business expense and depreciation limits, and increased loan limits for Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA).
Prepared for: Medha Journal Readers
Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.
Prepared for: Medha Journal Readers
Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for retirement, your child's college education, or some other goal. Putting extra cash toward one of these goals may mean sacrificing another. So how do you choose?
What is it?
Mortgage refinancing generally refers to the process of taking out a new home mortgage loan and using some or all of the proceeds to pay off an existing mortgage (or mortgages) on the property.
Are you interested in remodeling your outdated kitchen? Perhaps you're drowning in a sea of high-interest credit card debt, or need to find the money to send your child to college. Or maybe you just want the comfort of a cash reserve account, so that you'll be prepared for any unexpected bills. If so, and you're a homeowner, a home equity loan or line of credit may be right for you. Before you sign on the dotted line, however, do some research to make sure you get what's right for your needs.
What are the tax considerations associated with refinancing and home equity loans?
There are two fundamental ways that you can profit from owning bonds: from the interest that bonds pay, or from any increase in the bond’s price. Many people who invest in bonds because they want a steady stream of income are surprised to learn that bond prices can fluctuate, just as they do with any security traded in the secondary market. If you sell a bond before its maturity date, you may get more than its face value; you could also receive less if you must sell when bond prices are down. The closer the bond is to its maturity date, the closer to its face value the price is likely to be.
If you're like most people, it's not that you don't appreciate the value of life insurance. In fact, many people believe they need more coverage. You probably wouldn't mind owning additional life insurance. It's just that you don't want to buy it.