Savvy investors often spread their risks by investing in a variety of asset classes such as stocks, bonds, commodities, and real estate. But with a changing tax landscape, investors might consider three more classes: taxable, tax-deferred, and tax-free.
Are you thinking of buying an annuity as part of your retirement planning? If so, you may already have discovered some of the tax rules that apply to these investments are familiar.
If you are thinking of opening a 529 college savings account for yourself or your child, a review of the tax rules should be on your to-do list. Here’s a summary.
The tax rules give you a period of 15½ months to make contributions to an IRA for any given year. For example, you could contribute to a 2010 IRA as early as January 1, 2010, and as late as April 18, 2011.