Mortgage and Loans - Mortgage Refinance, Home Loans |
- Bold Retirement Benefits – the SEP IRA Contribution
- Democrats kill school finance bill
- Mortgage market and interest rate update for Thursday, February 5, 2009
- In Tha Muthahood
- Sue Lawrence – Mortgage Fraud Victim
| Bold Retirement Benefits – the SEP IRA Contribution Posted: 31 May 2011 04:22 AM PDT  The SEP IRA contribution cap is generous, and just one of the rewards of this plan that has been specifically structured to favor the self-employed person and small businesses . For those lacking the resources to opt for a more conventional retirement plan, the SEP is extremely attractive because of the low administration costs and simplicity of establishing the account . For small businesses , qualifying employees iseasy and straightforward. The employee must be at least 21 years old, have worked for the employer for three of the past five years, and received at least $550 in compensation. If you are an employee participating in your employer’s plan, your SEP IRA contribution can be 25% of your wages. The employer will make the determination on the percentage and is not locked in to either amount or frequency for the SEP IRA contribution. The employer can decide on the amount annually , or even choose no contribution at all. Many employers will base this percentage decision on the net profit of the business or as a reflection of current economic conditions and their impact on the business. If you are self-employed, you don’t have wages. Rather you have net profits from your business enterprise. Self-employed individuals can make a SEP IRA contribution of 20% of net profits up to $44,000 per year . Net profits for a SEP account are calculated by taking the net self-employment income and subtracting one-half of the self-employment taxes. The resulting net-net self-employment income is then multiplied by 20% to come to the SEP IRA contribution amount. You have until your final tax filing deadline, including extensions, to contribute to your SEP for last year, but you do have to fund your SEP before you file your tax return. The generous limits on a SEP IRA contribution, for both the self-employed and the small company , definitely is an advantage to those who need to rapidly prepare for their retirement security. |
| Democrats kill school finance bill Posted: 30 May 2011 07:12 PM PDT  With only hours left in the session, lawmakers have killed two bills crucial to a balanced budget. |
| Mortgage market and interest rate update for Thursday, February 5, 2009 Posted: 30 May 2011 02:58 PM PDT  Mortgage market and interest rate update from Bruce Brown, CMPS with First Security Mortgage and radio host of Dollars and Homes on KCMO Talk Radio 710 in Kansas City.
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| Posted: 30 May 2011 02:23 PM PDT  Anita Renfroe’s new salute to moms. Slightly updated from William Tell Overture. Copyright 2011 Bluebonnet Hills Music/BMI Track by Fred Williams
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| Sue Lawrence – Mortgage Fraud Victim Posted: 30 May 2011 12:01 PM PDT  From CBC Newsworld, Wednesday December 13, 2006. Susan Lawrence of Toronto had owned her century-old Victorian house for the past 30 years. An identity thief stole the title to her home and mortgaged it to Maple Trust for almost 0000. Maple Trust, even after finding out that the mortgage was fraudulently obtained, tried to evict Sue but only gave up when subjected to the ensuing disastrous publicity….
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