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Will You Owe Estate Taxes?
THE GOOD NEWS is it’s becoming increasingly less likely that you’ll owe estate taxes. That’s because Congress has approved a schedule that increases the amount an individual can leave to heirs tax-free to $2 million in 2006-2008 and to $3.5 million in 2009. In 2010, it will supposedly be repealed altogether.
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401k Plans, 401k Rollovers, & Self-Directed IRA’s
A 401k rollover occurs when you change jobs or retire and then elect to transfer or "rollover" your 401k into a new IRA. This process of transferring a 401k with a previous employer into an IRA is referred to as a “401k Rollover”, “Rollover IRA” or “IRA Rollover.”
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Obama and McCain's Tax Proposals
I have watched over the past couple of months as Republicans and Democrats alike have argued about their economic and tax plans. This economy, and the behavior of the stock market, has every voter worried about their way of life moving forward.
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Life Insurance After AIG's Near-Death Experience
It has been reported that AIG neared bankruptcy before the intervention by U.S. taxpayers on Sept. 16. American General Life is a subsidiary of AIG.
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