FRANKFURT, Germany (Reuters)—Munich Reinsurance Co. sees the number of severe weather-related natural catastrophes increasing in coming years because of global warming, among other reasons, the German reinsurer said on Thursday. Torsten Jeworrek, a member of Munich Re's management board, said the...
December, 2006
I keep having to look these up, so here are the tax brackets for 2006.
Marginal Tax Rate[Taxable Income] SingleMarried Filing Jointly10%$0-$7,550$0-$15,10015%$7,551-$36,650$15,101-$61,30025%$36,651-$74,200$61,301-$123,70028%$74,201-$154,800$123,701-$188,45033%$154,801-$336,550$188,451-$336,55035%> $336,550> $336,550
For comparison, here are the 2005 tax brackets. Taken from IRS.gov. For state income taxes, this site is the best resource that I could find.
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If you’ve been considering converting your Traditional IRA into a Roth IRA in 2006, you’ll want to pretty much do it now, as the money has to leave your Traditional IRA by December 31st. Given that Friday is that last business day available, you only have 2 days left! The good news is that you can still undo the conversion up until October 15th of 2007 without penalties from the IRS. There will be extra paperwork and possible broker transfer fees though.
I’ve been putting this off all year to see how our income picture turns out, but I need to get on the ball and make some decisions.
References: IRS Pub 590, Fairmark.
NEW YORK (Reuters)—A federal judge has sent a lawsuit demanding that insurers pay flood damages to thousands of Hurricane Katrina victims back to Mississippi state court, increasing the chances of a ruling against the companies. "It's a nice Christmas present," Mississippi Attorney General Jim Hood...
NEW YORK—Outgoing New York State Insurance Superintendent Howard D. Mills will join Deloitte & Touche USA L.L.P. as chief advisor of the firm’s global insurance industry practice, effective Jan. 1. The newly created position is based in New York, Mr. Mills said. Mr. Mills was nominated in late 2004...
MINNETONKA, Minn.—The Securities and Exchange Commission has launched a formal investigation into UnitedHealth Group Inc.’s stock options practices, the insurer said in a regulatory filing. Minnetonka, Minn.-based UnitedHealth—which came under fire earlier this year as part of broad probes by...
All insurance agents and brokers realize that the holiday season can be both wonderful and challenging. While 1/1 renewals generate significant revenue, the activity takes us away from our families. From a purely business perspective, January 1 renewals are a big deal. January is many agents and brokers largest month, and the 1/1 renewals can provide a terrific start to the year. But the process of getting through 1/1 can go right down to the wire as we get last...
Another survey company that I’ve gotten paid out for and that I have heard other positive experiences about is MySurvey.com. Like other programs, they offer you rewards points for taking surveys. They let you redeem the points for cash, which is nice. 1000 points = $10, so think of it as $0.01/point. The payouts tend to be smaller per survey (from 10-300 points), but the surveys are also shorter. Occasionally I have been offered to receive test products and then provide feedback on them for points as well. I also like that they seem to have a steady stream of paying surveys every month.
MySurvey joins Pinecone Research, E-Rewards (both currently not taking new members), and ...
When it comes to how much you pay for car insurance, where you live plays a significant role. Most people understand that things like driving record, claims history and the type of car you drive is factored into your policy price but most don’t know that location also plays a part.
If you live in a city and your driving takes place in a more congested area, you insurance will more than likely be higher because your chance of getting in an accident is higher. The more traffic, the higher the policy. Also, if you live or work in a high crime area, your chance of vandalism or theft is higher as well, hence, a higher policy rate. What type of weather you have in the location you live may also ...
BEIJING (Reuters)—China's top banking regulator has warned against allowing the country's commercial banks to set up insurance companies, saying successful combinations of the two businesses are rare, a Chinese paper reported on Saturday. The state-controlled China Construction Bank and Bank of...
