By Campbell54 May 30, 2013
Reverse mortgages are designed as financial assistance for people 62 years or older. The reverse mortgage works by allowing the homeowner access to the equity in their home without the issues of a monthly payment for the available funds. http://www.reversemortgagelendersdirect.com/alabama-reverse-mortgage/ http://www.reversemortgagelendersdirect.com/california-reverse-mortgage/ http://www.reversemortgagelendersdirect.com/florida-reverse-mortgage/ http://www.reversemortgagelendersdirect.com/texas-reverse-mortgage/ http://www.reversemortgagelendersdirect.com/arizona-reverse-mortgage/ ...read more
By morgan321 April 22, 2013
I found them online and spent quite a bit of time browsing their site - which was pretty good - and then called them. They explained to me that a reverse mortgage really wouldn't benefit my mom -- I was impressed at their honesty. http://www.reversemortgagelendersdirect.com/reverse-mortgages-pros-and-cons/ http://www.reversemortgagelendersdirect.com/reverse-mortgage-calculator/ http://www.reversemortgagelendersdirect.com/hecm-reverse-mortgage/ ...read more
By Arizona Boat Rentals & Jet Ski Rental January 12, 2011
Thanks for your MC network connection, you have a great company. If we can ever be of assistance with any of our watercraft rental services please let us know. ...read more
Explore How a Section 79 Plan Using Life Insurance Can Benefit You! Internal Revenue Code Section 79Group Term&Group Permanent Life Insurance Group Insurance is a Significant Employee Benefit A business can provide group insurance for employees and take an income tax deduction for premiums paid and have employees receive favorable taxation on the coverage. If life insurance is needed, finding and paying premiums with after-tax dollars may be expensive. The source of the premium is the business. Group insurance premiums are income tax deductible for the business and may have a significant effect on corporate and personal tax liability. Life insurance protection is available without paying the entire premium cost on an individual after-tax basis. It Works Like This The business adopts a group insurance plan that qualifies under Section 79 of the Internal Revenue Service Code. The business pays income tax deductible contributions to the insurance company. The employee is not taxed on the full amount of the premium payment but rather on the imputed income attributable to his or her coverage in excess of $50,000. However, any employee contributions reduce this imputed income dollar for dollar. This tax benefit is not available to key employees if the plan is discriminatory (see below). The employee is taxed on the permanent portion of the total coverage less any employee contributions. Death benefits are paid to the employee's beneficiary income tax free. Advantages to the Business A Section 79 Plan is an attractive fringe benefit to be used to retain and reward key employees. The business is entitled to "an ordinary and necessary business expense" income tax deduction, provided that total compensation to any employee is reasonable. The business is also entitled to income tax deductions for any additional premiums for waiver of premium, accidental death, and special class ratings although the employee does not have to report these cost as income. A Section 79 Plan may be used in conjunction with and "super-imposed" on a group master contract or individual contracts. At cross-over, the imputed income charges to the employee excc; amount. At this point, the business could bonus the premium to the employee. Advantages to the Employee The employer-paid cost of the first $50,000 of group term is excluded from the key employee's gross income, provided that the plan is nondiscriminatory. Group term insurance cost over $50,000 (subject to state maximums) is taxable to the employee, based on favorable Table I premium rates. Therefore, the key employee receives insurance protection at a lower cost that if purchased individually. Any additional waiver of premium cost, accidental death and special class ratings are not included in the employee's income. The employer-paid cost of group term life insurance above $50,000 is based on favorable Table I rates for retired employees and excluded from income for totally disabled employees. At termination of employment or coverage under the plan, permanent contracts may be continued by the key employee. Death proceeds paid to a named beneficiary from a Section 79 Plan are received income tax free. If properly structured, the proceeds may federal estate taxes. Death proceeds may be used for estate liquidity or family income. Only through a general review of your specific situation can it be determined if there are tax advantages available to you through our products, one of which is life insurance. You should consult your tax advisor or attorney on your specific situation. Section 79 Permanent Insurance Plan Mechanics Must be non-discriminatory Employer installs a Group Life Insurance plan with permanent benefits. Insurance amounts must be under a formula that precludes individual selection; for example, a uniform percentage of compensation, or a flat amount for each employee. Employee owns a Universal Life contract payable to his personal beneficiary. Internal Revenue has set the Maximum Guideline Level Premium allowed by law for specific age and amount. Employee will be taxed on the permanent benefit portion of the contract. Employee contributes up to one-half of this maximum amount to the employer, who matches the contribution and remits one check to the insurance company. This process can result in no imputed income to the employee. Employee owns the policy and is free to leave the resulting cash values to earn interest or draw them out as needed. If employee terminates employment, he can continue the policy by paying additional premiums himself as needed or letting policy run off existing cash values. Generally at least ten employees must be covered. Less than ten employee groups may qualify under Section 79 if they fall within an exception to the general rule. Employer Tax deducts premiums actually contributed on corporate tax return, under "Employee Benefit Programs." No Government approval required. Minimum record-keeping Employee Employee has includable income equal to the cost of the permanent benefit provided by the employer, reduced by any amounts paid by the employee. If employee contributions are equal to or greater than employer contributions, the net result is no taxable income to the employee on the cost of insurance. Any dividends actually or constructively received are taxed. (Treas. Reg. 1.79-1(d)(1)) ...read more
By Sterling Investment September 27, 2011
We are getting ready to wrap up our MAY 12 – 22, 2011TOUR AND CRUISE TO GREECEand we areSERIOUSLY DISCOUNTINGthe last available seats...Regular Fare $3,500 NOW$2,899. This absolutely unbelievable price includesRT from NY to Athens ,3 days in Athens ,4 Day Cruise to the spectacular islands of Mykonos, Kusadasi, Patmos, Rhodes...and Heraklion and3 days on the beautiful Island of Santorini.See my website athttp://vitalenterprises.net/in ...read more
By Lifetime Investments, LLC February 21, 2011
The Home Equity Conversion Mortgage "HECM for Purchase" can help you market to your senior buyers! Baby Boomers are the fastest-growing demographic group in the U.S. and they're changing the face of the reverse mortgage industry by selecting reverse mortgages in greater numbers than their elders. And now, this HECM Purchase program allows them to purchase a new principal residence using loan proceeds from the reverse mortgage. Your clients will enjoy the following benefits: FHA-insured loan – client's loan and home are safe Non-recourse loan – This means, there is no recourse to the borrower, their estate or heirs if the HECM loan balance exceeds the home's value at maturity as long as the borrower or their estate sell the property to pay off the debt. If the borrower or their estate want to retain the property, the balance must be paid in full. Any equity remaining in the property after the reverse mortgage is retired belongs to the borrower or their estate. No monthly mortgage payments – cash flow is preserved* Senior enjoys just one set of closing costs Potentially allows client's additional savings for retirement needs Homeowner retains title* *Homeowner continues to pay insurance and property taxes, live in and maintain home. Home must be primary residence. Program not currently available in all states. Show clients how to use the powerful features of this program to: Downsize for more affordable living Relocate to be closer to family Purchase a single level, more accessible home Buy or sell a condo Purchase a more expensive home without incurring a monthly mortgage payment* What Does This FHA-Insured Program Mean To You? More Listings! More Sales! Faster closings – We can offer excellent turn times! Eligible Properties: Single family homes 1-4 unit properties Some manufactured homes Approved condominiums and townhouses Newly constructed properties must have Certificate of Occupancy (C.O. must be issued prior to up front application date.) Qualifications: Homeowner must be 62 years of age or older No second/vacation or investment homes Present home must be in name of client and primary residence Must have considerable home equity or must provide monetary investment at closing from allowable funding source Home meets minimum FHA property standards Only HECM first and second liens against property Occupy property as primary residence within 60 days Mandatory Counseling Session Taxes&home insurance are paid by your client and not escrowed For more information visithttp://www.reversesecure.com/or callRobert Jones atSun American Mortgage at 480-467-1107. ...read more
By Reverse Mortgages for Over 20 Years - Sun American Mortgage December 22, 2010
Making the decision to sell one's stocks can be very confusing if one is a novice. There are a number of factors that should be considered when selling stocks, such as what price one should sell the stocks for and when is a good time to put them on the market. ...read more