Monday, August 22, 2016
Thursday, August 18, 2016
This is why I love what I do helping people!
And I'm only one of 1% of the agents in the country allowed to offer this to clients. Sleep well all!
Tuesday, August 16, 2016
Monday, August 15, 2016
Thursday, August 11, 2016
Do you want to pay taxes on the seeds or the corn?
Pay for the Seed, or Pay for the Harvest?
A farmer has to decide if he wants to pay taxes on the seed when he plants his crop or on the crop when he harvests it in the fall? What would you do?
If he buys $1000 worth of seed and is taxed at 8%, he'd pay $80 in taxes. He then harvests the $50,000 crop and pays no more taxes since he already paid them. Conversely, if he chose not to pay tax on the seed, he'd pay 8% on the harvest or $4,000 ($50,000 X 8%)! What do you want to pay, $80 now or $4,000 later?
Relate this to retirement decisions: If you invest $6,000 in a tax deductible plan and are in the 33% tax bracket, you'd save about $2,000 in taxes in that tax year. If that $6,000 was in an investment for 40 years it could grow to $100,000 because of compound interest. The taxes when you take the money out are $33,000 (33% of $100,000)! That is $33,000 on the harvest (on your investment). This is because the government wants its share of money you earned with previously untaxed funds.
If you had invested the $6,000 in a tax free plan with us, you would have $100,000 TAX FREE since you paid taxes on the "seed"! Your choice is...pay $2,000 in taxes now or $33,000 later when you really need the money? It is as simple as seeds and harvest! Get educated about money and sow the seeds of financial freedom, NOW!
E-mail me at katherine@fiveringsfinancial.com to learn more about our free financial education seminars
Monday, August 8, 2016
Thursday, August 4, 2016
Subscribe to:
Posts (Atom)