Should You Roll Over a 401k into an IRA When Changing Jobs?

When you change jobs you need to decide what to do with your 401k plan. There are 3 basic options: (1) cash it out, (2) leave your funds in your old 401k plan, (3) do a 401k rollover into an IRA or other tax deferred plan. Rolling your 401k into an IRA is often the […]

Advantages of keyman Insurance

In case of death of a keyman the company is paid money to cope up with the loss. In the USA, any business concern buying keyman insurance for its employee can claim a deduction for the premium paid for the policy as a business expense under Section 37(1) of the Income Tax Act Tax deductions […]

How life insurance can be used for charitable giving?

Giving life insurance to a charity may allow you to make a larger gift than you otherwise could afford. Further, the government encourages charitable giving by providing tax advantages for certain charitable donations (the charity must be a qualified charity). This means that both you and the charity could benefit from your donation (though some […]