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Every investor wants to achieve a reasonable rate of return, protect their investments, take the best advantage of tax codes and attain some flexibility with liquidity. Investors generally carry with them a checklist to determine the pros and cons of an investment. No wonder it takes time for one to choose an investment over another.

 

In this simple guide, we will try clearing the confusion that exists by talking about the 7702 planand how it can work in an investment strategy. Section 7702 of the Internal Revenue Code (IRC) created the 7702 plan regarding how the tax code is applied to the accrual of cash in a life insurance policy commonly referred to as cash value or account value.

 

The reason for bringing up the 7702 plan is that some insurance companies took advantage of the legal loopholes in existence and created a class of policies with a major investment feature. These policies could grow faster than ever before from the investment side of the contract while avoiding taxes on the accumulated value.

 

Some insurance agents might discourage you from mixing insurance and investment or that a 7702 plan is not a retirement plan. But the perfect way to assess any investment vehicle is by focusing on what it does rather than what it is. Most advisors promote and rave about Roth individual retirement accounts, Roth 401(k) plans and 529 college savings plans.

 

Taking a close look at the above-mentioned vehicles and 7702 plans, you’ll immediately realize that all of them offer the same tax benefits and similar investment options. They are all funded with after-tax dollars, grow tax-deferred and allow tax-free distribution. Not forgetting the fact that they all have set conditions, aside from 7702 plans.

 

With that being said, life-insurance based investment is not for everyone. Furthermore, it serves as a long-term investment very similar to any stock market or real-estate-based investments. While 7702 plans work similarly to Roth 401 (k) and 529 plans, they are not suitable in all scenarios as some people think in the first place.

Mar 26 '23 · 0 comments

Setting up a company in Bahrain comes with it a host of perks that help ensure you become successful. While most aspiring entrepreneurs solely focus on the current state of America Bahrainrelations, there is more to it than meets the eye. By this we are merely implying to Bahrain Free Trade Agreements.

 

For those who have no clue about what we’re talking about. Free Trade Agreements are international trade agreements that help promote imports and exports trading between countries. In general, Free Trade Agreements remove barriers between countries, allowing participants to abide by agreed-upon laws and be treated as citizens of foreign countries when conducting business transactions.

 

So, what are the most notable benefits of imposing Free Trade Agreements when it comes to America Bahrain relations? In a nutshell, it helps facilitate imports and exports between countries while at the same time stimulating inward flows of investment. Of course, we can never forget about exploring key manufacturing and services sectors.

 

Keep in mind Bahrain profits from multiple Free Trade Agreements. Each has unique relationships and benefits, but they have all contributed to the expansion of multiple sectors and increased the economy of Bahrain. Actually, the Kingdom has witnessed a significant increase in import and export figures. This is easy to see since it has built more Free Trade Agreements relationships, noticeably in the 32.60% increase in imports between 2013 and 2019.

 

Some of the most common Free Trade Agreements you will benefit from while investing in Bahrain include the Greater Arab Free Trade Area, Gulf Cooperation Council, Singapore, European Free Trade Association, and The United States. It is in your best interest to have a glimpse of what each Free Trade Agreement entails before taking the next step of action

 

And this is something that shouldn’t give you sleepless nights since you can always access this information online without feeling the heat. Whether you want to know more about the Greater Arab Free Trade Area orAmerica Bahrain relations, then there is no other better time to do so than now.

Mar 6 '23 · 0 comments

Getting and comparing multiple quotes from different car insurer’s is a must do when looking forward to saving on your insurance coverage. The catch lies in comparing quotes to see what works for you. It is then that you can settle on the best car insurance provider without feeling the heat.

 

Even though there are numerous ways to get free car insurance quotes, it doesn’t mean  you should rush over this decision. You want to be sure you’re paying for cheap car insurance, and it’s only possible if you do your homework.  To help you get started, below are two things to do before you search for free car insurance quotes.

 

Car Insurance Reviews

Auto insurers are not created equal and differ in numerous ways.  To avoid working with an illegitimate insurance agency, be sure undertake a background check of every insurance company in your list.  Look into auto insurance companies’ complains records and customer satisfaction to determine whether or not they’re worth counting on. It is then that you can make an informed decision without going through a lot.

 

To have a smooth ride, check out auto insurance reviews available online. Here, you can easily tell if previous clients are speaking ill about a prospective insurer. Only get quotes from insurance companies with a good reputation.

 

Look Into Coverage Limits

As obvious as it sounds, you’d be surprised by the sheer number of drivers who skimp on this while shopping around for car insurance coverage. To them, a cheap car insurancepolicywill always do the trick. But that’s not really the case, and you may miss out on the coverage you desire.

 

When comparing auto insurance quotes ensure each policy has comparable liability limits and deductibles. Shun away from companies that under insure clients since they will force you to dig deeper into your pockets to meet costs in the event of an accident. Such an auto insurance company might complicate the situation even further.

 

The above are merely some of the things you should do when in dire need of free auto insurance quotes. Always take it upon yourself to do your homework before deciding on anything.

Mar 5 '23 · 0 comments