Mutual fund planning crucial for tax time
Investors must calculate gains and losses from fund share sales, using cost basis and sale price to determine taxes. Experts advise pre-sale planning to optimize tax outcomes and handle complex partial sales from automatic investment plans.
MENTIONED IN THIS ARTICLE
Pamela Yip
Dallas Morning News
Mutual Fund
Bill Jackson
Dallas/Fort Worth
Andersen
Arthur Andersen LLP
J. Richard Joyner
Ernst
Cheryl Diaz Meyer
Dallas/Forth Worth
Jackson
Online investing tips warn of risks for new traders
Regulators and the Securities Industry Association urge caution as more than 10 million online accounts exist. The NASAA advises verifying broker registration, understanding orders and margin, real-time quotes, and fees while noting online trading can involve delays and market volatility. Susan Bondy answers reader questions for The Gazette.
MENTIONED IN THIS ARTICLE
Ecurities
Securities Industry Association
North American Securities Administrators Association
IRA contribution deadlines and limits for 2000 tax year
The IRS reminds taxpayers with zero or partial IRA contributions for 2000 that they can still contribute until the April filing deadline. A maximum of 2000 per year may be contributed, split between traditional and Roth IRAs as allowed. Deductions depend on employer plans and total income, and incorrect reporting may require amendments.
MENTIONED IN THIS ARTICLE
IRS
Money market yields slip as funds, CDs ease
Seven day and 30 day money market fund yields declined in the week to Tuesday and Wednesday, with 7 day yielding 4.89 percent and 30 day at 5.01 percent. Bankrate online yields for money market accounts and CDs also edged lower while total assets across retail taxable and institutional money market funds rose.
MENTIONED IN THIS ARTICLE
New York
Money Market
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Money Funds
Bankrate.com
North Palm Beach, Fla
Investment Company Institute
New IRA rules offer planning options say advisor
Susan Mims of Heartland Investments outlines the IRS changes to IRA minimum distributions that broaden planning flexibility. She urges assigning beneficiaries, updating designs, and consulting professionals to avoid lump sum taxes after death. Mims notes spouses under 10 years younger may still use joint life expectancies for lower distributions.
MENTIONED IN THIS ARTICLE
Mims
IRS
Investment seminars offered by Susan Mims at Heartlane Investments
Susan Mims will host three 7 p.m. seminars at Heartlane Investments Associates in Iowa City to discuss IRA and 401(k) rollover options. Reservations are advised at 354-7655 with no charge. The IRS proposes new IRA rules for 2002 and a public hearing is set for June 1.
MENTIONED IN THIS ARTICLE
Susan Mims
Heartlane’ Investments Associates
Washington St
Iowa City
Also Mentioned on This Page
Nasaa.org
The
Sia.com
Susan Bondy
Susan
Gazette
Third Ave
Cedar Rapids
Gti
Bondy
Irs.gov
S.C
Dave DeWitte
Heartland Investment Associates
Heartland Investments
E. Washington St
Wwww
Greg Hapgoopd
Insurance Service Corporation Truenorth Compan
Second St
Corrian
the Gazette
Nowak Adf
Pwa
Careera Nutiicanione
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