October 23, 1992 |
Fidelity to Waive Some Fees: In a move that could spark a price war in the mutual fund industry, Fidelity Investments said it will waive sales charges on most of its stock funds when they are purchased for a Fidelity retirement account, such as an individual retirement account. Beginning Nov. 1, the mutual fund giant will waive sales charges on all existing stock funds except Fidelity Magellan and Fidelity Select portfolios when investors are purchasing shares for retirement accounts.
February 15, 1996 |
Intuit Again Warns of Errors in Tax Program: For the second year in a row, Intuit Inc. is warning customers that errors in its popular tax-preparation software could lead to miscalculations. The Menlo Park, Calif., company said that fewer than 1% of users of TurboTax and MacInTax should be affected by the bugs, which have led to wrong entries in some cases involving depreciation of cars and real estate, self-employed taxpayers and individual retirement account contributions.
March 18, 1990
In discussions about using a capital gains tax break to encourage investment in our nation's economy, we are missing an evaluation of where the incentives would actually fall. A capital gains tax break does not reward the person who invests. Instead, it rewards the person who liquidates an investment. However, the reward would also benefit the person who uses those funds to buy a car, vacation or other consumer item. Continued investing is not encouraged. Worse, a capital gains tax break only benefits the person who has already reaped the reward of a profit on an investment.
November 30, 2001 |
Owning too much company stock in a retirement plan can be hazardous to a worker's financial health, as employees of Enron and other distressed firms have discovered in recent months. Financial planners recommend the following steps to help reduce risk: * Try to have no more than 10% to 20% of your total investment portfolio in company stock. This includes 401(k)s, profit-sharing plans and employee stock-purchase programs.
April 23, 1995 |
Q: My husband and I own a home valued at about $800,000 in which we plan to live as long as we can. We have two daughters and enough of an estate so we can leave the home to one and an inheritance of equal value to the other. What can we do now to start turning over the house to the one daughter? Should we make her a gift of a share worth $20,000 each year?-- M.M.H . A.
June 9, 1991 |
Financial advisers have been touting the idea of putting money aside in tax-deferred retirement accounts for years. Individuals are likely to need more than just company-sponsored pensions and Social Security to make it through their "golden years" in comfort, advisers maintain. And tax-favored savings can earn gratifying returns.