You might assume that a young person doesn’t have to file a tax return until he or she has reached adulthood, moved out of the family home, and is generally self-supporting. Yet IRS rules regarding who must file are based on the amount and source of income rather than age. Here’s a closer look at the filing requirements affecting dependents (meaning someone else pays more than half of their support, including college tuition, room, and board) such as teens and college students, as well as their parents. Generally, a tax return must be filed if an individual has earned income above $6,200 (in 2014), unearned income from interest or dividends above $1,000, or a combination of earned and unearned income totaling more than $1,000 with at least $350 unearned. The filing threshold for net self-employment income is $400.
Warren Buffett says if you want to learn how to make money from the stock market you should look at how he made some money with two small real estate investments. In an excerpt published by Fortune, from his upcoming annual letter to Berkshire Hathaway shareholders, Buffett writes about his purchase of a Nebraska farm and his investment in a retail property near New York University in Manhattan.
After dropping sharply during the Great Recession, inflation — as measured by changes in the consumer price index (CPI) — has begun to creep upward, averaging a little more than 2% annually from July 2009 through July 2013.1 This rate is still relatively low, but even moderate inflation can have a negative impact on the purchasing power of investments. Consider that a hypothetical investment earning 5% annually during a period of 2% annual inflation would return only 3% after inflation. The rate of return would be further reduced by income taxes.
Overcoming Retirement Challenges In a 2013 survey of people aged 50 to 70 with $100,000 or more in investable assets, 90% reported that they had experienced at least one setback in saving for retirement. In fact, the average respondent had experienced four setbacks with an average loss or missed opportunity of $117,000.1 The future is always uncertain, and as the saying goes, “Life happens.” It would be wise to prepare for the unexpected and react logically rather than emotionally when faced with retirement challenges. Here are some obstacles you might need to overcome.
Hong Kong Begins to Turn Bearish -A Technical Look at Developed Markets Bullish markets have a rising 140 day moving average Bearish markets have a declining 140 day moving average Neutral markets have a mostly flat 140 day moving average -Neutral markets highlighted white are not trending in a any particular direction -Neutral markets highlighted green are trending bullish -Neutral markets highlighted red are trending bearish