Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate when property (land, homes) was transferred from one generation to the next. The revenue from these stamps was […]
Archive for the
‘News’ Category
Whether the economy is expanding or contracting, Americans tend to be consistent with charitable donations. In 2012, as the U.S. economy continued to stabilize, Americans gave an estimated $316.23 billion to charity. That’s almost $18 billion more than the previous year.1 Tip: Importance of Itemizing. Charitable contributions are deductible only if you itemize deductions on […]
Many people have heard they should avoid probate, but few understand what probate is and how the process works. What Is Probate? Probate is the legal process that wraps up a person’s legal and financial affairs after their death. During the probate process a person’s property is identified, cataloged, and appraised. In addition, probate makes […]
Only about 40% of adults in America have a will, which may not be entirely surprising.1 No one wants to be reminded of their own mortality or spend too much time thinking about what might happen once they’re gone. Tip: Let Them Know. Your will may be a good place to outline your funeral wishes. […]
The average $20 bill is in circulation for 7.7 years, according to a 2013 report by the Federal Reserve. That’s better than the $10 bill, which has a life span of only 4.2 years, but worse than the $100 bill, which is in circulation for 15.0 years.1 Tip: Daily Production. In 2012, the government printed […]
Disability and Your Finances The Social Security Disability Insurance program paid out $136.9 billion in benefits in 2012. And with a rush of new applicants lining up each year, the system is expected to exhaust its reserves some time in 2016 if changes aren’t made.1 Rather than depending on a government program to protect their […]
Insuring Your Business With a Buy/Sell Agreement Life insurance is designed to help protect a household from the financial hardships that may follow the untimely death of a primary wage earner. But how will a death affect a small business? One way of safeguarding a business is to create a buy-sell agreement. A buy-sell agreement […]
Pay Yourself First Each month you settle down to pay bills. You pay your mortgage lender. You pay the electric company. You pay the trash collector. But do you pay yourself? One of the most basic tenets of sound investing involves the simple habit of “paying yourself first,” in other words, making the first payment […]
U.S. Personal Savings Rate The U.S. personal saving rate stood at 4.9% at the end of 2013, a bit higher than its 10-year average of 3.9% and well below the recent five-year high of 8.7% in December 2012.1The personal saving rate is the federal government’s estimate of what percent of their incomes U.S. households are […]
Term vs. Permanent Life Insurance Thirty-nine percent of American households have no life insurance at all, according to LIMRA, which keeps close tabs on the life insurance industry.In the same survey, half of all American households—58 million—stated they needed more life insurance.1 When considering life insurance, one of the most important factors to understand is […]
33
41
http://imperio.rebelfinancial.com/category/news/page/34/
http://imperio.rebelfinancial.com/category/news/page/32/
