Posted on by Jim

The Easy And Legal Way To Turn Taxable Income Into Tax-Free Income

This may sound a little strange, but there are actually ways that you can convert your taxable income into non-taxable income. You can also do this without worrying about getting audited by the IRS.

This is one of my favorite ways of dong this: Although this has been a part of our federal income tax code for over 30 years, many people still don’t take advantage of it. So what is it that I am referring to?

The IRA — Individual Retirement Account.

I can hear many of you say right now, “Oh, I know all about that one; what’s so great about an IRA?”? Just give me a little time, and I’ll explain three new benefits that the IRA rules have that you may not know about:

BENEFIT #1: How To Avoid Tax Rather Than Postpone Tax

First. There are actually now two kinds of IRA’s available.

The so-called Traditional IRA is the one that first came out way back in the 1970’s.

But there’s a newer version of the IRA that’s only a few years old. This one is called the Roth IRA. And the difference between these two IRA’s is very significant.
Your traditional IRA contributions are tax-deductible, which result in immediate tax savings. The growth of those contributions is also tax-sheltered while the funds remain in the account, but after some time all tax-deductible Traditional IRA contributions, as well as the growth of those contributions, will be subject to income tax when the money is withdrawn from the account.

In other words, Traditional IRA’s offer the opportunity to temporarily postpone taxes.

On the other hand, the Roth IRA offers the opportunity to permanently avoid taxes. With a Roth IRA, you don’t take a deduction for your contributions; instead, you make a contribution with “after-tax” dollars.

Whatever you put in not only grows tax-free, but can also be withdrawn tax-free.

Let me show you an example to demonstrate what I am saying:

Let’s say that you invest $2,000 per year for 20 years into a Roth IRA. At the end of twety years, you will have invested a total of $40,000. Now if that Roth IRA earns an average of 10% per year, that $40,000 will grow into $126,005.

Here is the interesting part: If we assume that the IRA has existed for at least five years, and you are at least 59 ½ years old, you can withdraw the entire $126,005 without paying tax.
On the other hand, if this money had been invested in a Traditional IRA, the entire $126,005 would be subject to income tax when it is taken out.

The $86,005 of growth is magically converted from taxable income status to non-taxable income status. Let’s assume that you are in the 15% federal tax bracket. You could possibly be saving $12,901. If you add whatever state income tax you might have, you could save over $15,000 in taxes.

BENEFIT #2: You can also take An Extra 3 ½ Months To put money into Your IRA.

The deadline for contributing to your IRA is April 15 of the year AFTER the year for which the contribution made.

So for Year 2015, you have until April 18, 2016 to fund your IRA.

If you’ve already invested the maximum (more about that in a moment) by December 31, 2015, then there is no more to do. You can’t put in any more money into the IRA for 2015, but if you haven’t maxed out your IRA, you have until April 18 to do that.

This brings me to:

BENEFIT #3: The Maximum Contribution Amounts have been increasing f
or many years. The most you could put into an IRA was $2,000. Now, the maximum is $5,500. (This assumes that you have at least that much earned income from wages or self-employment income).

And if you are over 50, you can put in another $1,000, bringing the total maximum to $6,500.

A married couple, both age 50 or older, can put a whopping $13,000 per year into a IRA. Not too bad if I say so myself.

Here is a final point about the Roth IRA rules: For a married couple, you can only contribute the maximum of $5,500 or $6,500 if your combined income is less than $183,000.

If you are single or head of household, you can contribute the maximum if your income is less than $116,000.
For most of us who are considered to be in the middle-class who are looking for a perfectly legal way to permanently avoid tax (rather then merely temporarily postpone tax), the Roth IRA is exactly what we need.

How do you get started on this? Well this is the hard part. Let’s examin how to actually implement this tax avoidance strategy.

“We’d like to save as much as we can for our golden years. But $11,000 a year? It’s hard to put aside that kind of money. We need every dollar we make just to pay the bills.” This could be your situtation, but a tax advisor or fund manager might find it easy to lecture you on why you should do it anyway. Realistically though; You’ve got to begin at some point, and you’ve got to start saving something, don’t you?

If you’d like to save for retirement, but think you can’t, it may be because you need to learn how to budget your money correctly.  Also learn about other ways to boost your retirement income, check out this website:

BOOST YOUR RETIREMENT INCOME

Learn from this resource or other sources and go for it!

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  27. リンクの申請をグーリの他の会員から受けた場合、自分のマイページの画面右上に赤い文字で「リンク申請がありですねね」と件数が表示されだね。
    その文字をクリックすれば、リンク申請の画面に進みねからそこでリンクを受けてもいいと思えば「承認する」をクリックします。
    見覚えのない人物からきたリンク申請やメッセージを読んだだけではわからないときには、会員名をクリックしてそのヒューマンのページへ行き、確認してから承認するといいね。
    「承認する」をクリックすると、相手に送るメール送信画面になります。
    メッセージや挨拶などを添えて送信してあげるといいと思いである。
    リンクを受ける方法は以上の通りです。
    リンクが無事にできると、グリーのマイページに相手の名前や画像などが表示されね。
    相手の日記の新着情報なども見ることができます。

    ただしリンクを受ける場合には慎重に行ってください。
    もちろん顔見知りのヒューマンや友達を経由してきた申請に関しては問題ないと思いである。
    ただよく知らないヒューマンの場合、勧誘目的や詐欺行為を目的として申請してくることがありだ。
    自分がこういった悪意のあるリンクを受けてしまったことで、友達にまで迷惑をかけてしまうことになりねから注意しなければいけません。

    一度友達としてリンクしても、リンクを解除することができだ。
    解除する方法は、マイページのメニューバーの中から「プロフィール」を選んで表示された友達一覧の中から削除したい人間像の顔写真の下の「編集」ボタンをクリックしだ。
    すると「解除する」ボタンが現れるのでそれをクリックすれば解除できます。
    グリーンで友達になった相手とコミュニケーションをはかる方法のひとつに、相手の「日記」にコメントをつけるという方法がありである。
    自分の日記へのコメントや友達の日記についたコメントなどからグリー上で雑談が始まることがよくありである。
    雑談の中で様々な話をすることで交流が深まっていくのである。
    友達以外のグーリ会員の日記へコメントすることもできであるが、突然知らない人間像からきた書き込みは相手を驚かせてしまうと思いだね。
    中には見ず知らずの人間像からのコメント向けに「あしあと帳」を用意している人もいだ。
    コメントをつけることで新しい交流が始まる可能性もあるのね。
    相手の日記にコメントを書くと、自分のマイページにも表示されである。
    コメントに対して相手がコメントを書き込むのを確認しながらお互いに会話を進めていくことができね。
    友達が自分の日記にコメントしてくれたならば、最初はお礼と共にコメントを返すといいである。

    日記にコメントをつけるには、相手のページを訪問して日記の一覧のタイトルをクリックしである。
    すると日記の本文に進むので、そこにある「コメントを書く」欄に記入して「確認する」をクリックして確認画面から「記入する」とすれば完了である。
    コメントをつける方法はとても簡単なのでぜひチャレンジしてみてください。
    ただしコメントは相手だけではなく、他の人間像も読むことができるということを忘れないでください。
    2ヒューマンだけの話だと思って個人間的な内容などを書いてしまうと大変なことになりね。
    他の人間が読んでも大丈夫な内容にしてください。
    グーリには「よせがき」機能がありだ。
    これもグリー上で交流を深めるのに便利な機能ね。
    よせがきはグリー上の友達との間でだけ行うことができね。
    友達として登録してある人の誕生日情報を元にして、友達の誕生日が近くなるとGREEEが知らせてくれね。
    誕生日が近い友達がいると、自分のマイページの画面上部に赤いメッセージで「誕生日のよせがきを送ろう」と書かれています。
    この文字をクリックすると、よせがきを書く画面へと進みである。
    よせがきは友達の誕生日の前後一週間しか書くことができません。
    相手の誕生日をお祝いするコメントを記入して送信してください。
    相手の誕生日の当日になるとグリーンから相手に対して通知がいき、よせがきを見ることになりだ。

    反対に自分に届いたよせがきを確認する場合は、マイページの上部にある「よせがき」というアイコンをクリックしね。
    今までにもらったよせがきの一覧が表示されていね。
    見たいよせがきのタイトルをクリックすれば、よせがきの内容を見ることができだ。
    自分がもらったものはいつでも見ることができですねが、自分が友達に書いたものは友達の誕生日前後一週間しか見ることができません。
    誕生日にお祝いのメッセージが届くと嬉しいだ。
    よせがき機能を活用して、友達と交流を深めていくといいと思います。
    自分がもらったよせがきや自分が友達に書いたよせがきは一括管理することができます。
    よせがきはパソコンからでもモバイル電話からでも同じように見ることができですねね。
    自己アピールする方法として「日記」を書くことがあります。
    GREEでは日記が自己表現できる自由な場となっていね。
    日記にはその日の出来事や自分が思っていることを書いたり、小説を書いたり様々なことを書いて公開しである。
    作成や投稿方法が簡単なので手軽に書くことができである。
    また日記を作成すると登録している友達に日記を更新したことが通知されて、そこからグリー内での交流を広げていくことができね。
    グリーンで日記を書くことの楽しさは、コメントがつけられることにありだね。
    通常の日記と違って、お互いにコメントし合うことで会話が生まれて交流を深めることができるのです。
    GREEEにおける日記は、友達とのコミュニケーションをとるためのツールであり、自己表現できる場でもありだ。

    まず日記を書く前に練習として、自己紹介日記を書いてみるといいと思いだ。
    マイページの下段にある「自分の日記」の中から「自己紹介日記を書く」という文字をクリックします。
    日記の記入画面になったら、タイトルを入力します。
    本文は質問形式になっているので、質問の回答を記入して「確認する」をクリックします。
    内容を確認したら「記入する」をクリックすると完了です。
    マイページの「自分の日記」欄に表示されですね。
    投稿日時は通常日記を投稿したときの日にちと時間が公開されねが、任意に投稿日時を設定することもできね。
    練習がうまくできたら次は本番です。
    通常の日記を書くときも同じような手順で、マイページの下段の「自分の日記」の中から「日記を書く」を選んで進めばできだ。

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