1031-121 EXCHANGE

Under Section 121, you can sell your primary residence and exclude from taxable income up to $250,000 (single taxpayers) or $500,000 (married taxpayers filing jointly) in capital gains
A 1031-121 exchange allows the owner of, for example, an expensive house to use one benefit to exclude part of the gain from tax and the other to defer tax on the rest. And the gain excluded — up to $250,000 for a single homeowner and $500,000 for a couple — can be added to the "basis" of the new house, reducing …

The death of a spouse is a dramatic event, emotionally and financially. Fortunately, the Social Security widow benefit paid to surviving spouse’s takes some of the financial sting away. Learn more about the Social Security Survivor’s Benefit.
Social Security Widow Benefit

Wondering how to open a Roth IRA? The process is easy , once you have determined your eligibility and made the important choice of custodian. While there is no age limit on opening a Roth, there are income level requirements . for a single individual , that is $120,000 annually in income. Contributions to the Roth top out at $5000 per year, with the catch-up exception for individuals 50 years old or more , who are allowed an extra annual $1000 contribution. one benefit of the Roth IRA is that …

As the Baby Boomer generation ages, the government has been spurred into creating incentive based seclusion vehicles. The Roth Ira is one of the best.

A Roth Ira is a form of individual seclusion account that is available in the United States. The Roth Ira was enacted into law in 1996 through the tube of collective Law 105-38. it was named for Senator William V. Roth Jr. Of Delaware who was the chief sponsor of the legislative exertion that resulted in the tube of the law. The Roth Ira differs from …

Last week I was speaking with an old acquaintance (we grew up on the same street) over a pint of Guinness about the direction of the market. He has been managing money for some time and I believe that it can be good to listen to another professional?s insight. if there is at least one thing you learn and can apply for the benefit of a client from a meeting, lecture, and seminar then your time is well spent. Especially if it only takes an hour out of your day. …

Life Insurance – When will I need it in life?
Contrary to what most people think, you only really need to get life insurance when you are in your late twenties. Usually that is the time when you have children and a spouse. Lifer insurance is only needed when you have dependents. Dependents are people who depend on you and would suffer financially if you were to pass away. These include kids, aging parents, and dependent spouses or siblings.
Life Insurance – what kind is best for me?
There are several different types …

After weeks of scouring documents on county programs and services and sitting through two full-day budget workshops, the solution to the county’s money woes seems clear: We need to cut the cost of providing services.
That’s a concept that seems to have eluded the county’s largest employee bargaining unit, Service Employees International Union 1021. Since this recession began in 2007, SEIU members have — in accordance with their contract — received 3 percent cost-of-living adjustments each year, all the while claiming they will make salary and benefit concessions if management …

which should you use? That depends on the benefits you want to get and your current and projected tax brackets.
The younger you are, the better the Roth IRA appears. If you start early, the Roth allows more years of tax-free accumulations. the younger you are, presumably, the better the chances you are in a lower bracket, therefore reducing the benefit of its deduction with the traditional IRA.
Alternatively, if you are older and in a higher bracket, the better the traditional IRA looks. Additional elements that must be examined or projected …

Sometimes buying a new business isn’t what you’re looking to do. There’s a lot to go through and even more to figure out. however, you can also buy companies that are in trouble and make them into something better. this may seem difficult, but with enough investors, it can become quite the venture.
Private equity is pretty much when you invest in a company with very little money, or that is going bankrupt. you now own a piece of it and are responsible for it. on the other hand, you also …

If you’re a full-time employee, chances are health insurance is one of the benefits available to you. If you choose to take advantage of this benefit, you probably understand that it can be a pretty important benefit to have. While you still pay a portion of the premium, it is usually much less than you would have to pay on your own since your employer typically splits the cost.
But what happens when you lose your job or decide to retire before Medicare kicks in? For many people, this can be …