FYInance

Archive for May, 2009

I have question about capital gains taxes concerning municipal bond fund investments.

I know about certificates of deposit as I have a few certificates of deposit because I have been investing in them for a while now. They pay me a small amount of interest each year. I report this on my income tax as interest income.

I am told if I invest my money in a Municipal Bond Fund I will not be taxed the same rate as interest income because this will be capital gains.

What percent will I have to pay on capital gains on my income tax?
What percentage is Social Security taxed at?

What about pension income? What percent?

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I have never considered a variable annuity as an investment before. I always went for stocks or bonds or mutual funds or even options. But my parents have just retired and they have a lump sum of money (sizable but not huge) and have been recommended a variable annuity by a financial adviser. I was not there so I am trying to get an independent opinion on the matter. I have heard annuities are generally a bad investment overall because they have pretty high fees, but a guaranteed return for them would be desirable. Can I get some pros and cons for a variable annuity in this specific situation?

It is easy to buy a certificate of deposit. You can buy a CD by visiting a bank or brokerage firm. You should learn about all types of certificates of deposit first and compare all the high rate certificate of deposit. Most people want the best rate for their CD so they shop around. You can then transfer money to the financial institution for the investment.

What are good stocks to buy in the short term?

I do not have much time to invest, not like years or anything like that so I am hoping to find some stocks that are going up in the short term so that I can make some money in a matter of months.  It is so hard to find the best stocks to buy. I have read magazines and listen to the news but still I am unsure of what stocks are best for me for the short term.

Any good suggestions?

Madoff hedge fund fraud and scam, destroying lots of people’s retirement funds.

Sponsored Enterprises is holding a hearing to assess the alleged billion investment fraud engineered by Mr. Bernard L. Madoff. This is the second in a series of hearings that will help to guide the work of the Financial Services Committee and the Capital Markets Subcommittee in the 111th Congress in undertaking the most substantial rewrite of the laws governing the US financial markets since the Great Depression. Rep. Gary Ackerman questioned witnesses from the Securities and Exchange.