- What is Mutual Fund
- Investment Tools & Guidance At Banc of America Investment Services.
- www.BankofAmerica.com/investin
g
- 1.Mutual Funds - Buying, Selling and Managing Mutual Funds
- Information about buying and selling mutual funds. ... What is a Mutual Fund?What Is A Mutual Fund?Judging Fund Performance Why Buy A ...
- http://mutualfunds.about.com/c
s/buildingblocks/fr/whatis.htm
- 2.What is a Mutual Fund?
- A mutual fund is a company that combines, or pools, investors' money and, ... The value of the shares of an open-end mutual fund is readily determined. ...
- http://www.greenjungle.com/pub
/education/edartmutualfund.htm l
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How are mutual fund I am the beneficiary of my
father's mutual fund or IRA.
When the money is distributed
to me, does the IRS see that
as income or as inheritance?
How it is taxed?
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since it was never taxed, it will be upon distribution, but you won't have to pay any of the penalties. |
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Cashing out a mutual fund and I cashed out a $6,000 mutual
fund and know I will owe a lot
on my 2008 taxes. How can I
start "paying back" the IRS
now to avoid dept in April?
I've started contributing more
to my 401K to lower my taxable
income and I've increased my
W4 contributions to claim 0
and take out $50 extra per pay
check. Any other suggestions?
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It sounds like you're doing the right thing by contributing to a 401K and increasing your W4 contributions. My only suggestion to lower the amount you owe next April is to simply increase your $50 to a higher amount. |
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Is it wise to invest in Is it wise to invest in
different mutual fund
companies or just one company
for maximum returns? My reason
is that in case Company A
fails, I still have a backup
with other companies.
What is your opinion on this,
will it matter if I invest in
different companies? What are
the chances that a mutual fund
company will actually
fail/close?
About diversification: isn't
mutual funds already in itself
diversification?
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Mutual Fund companies tend to not fold, but I can understand your concern. But generally when people invest in funds they look at different types of funds - like large cap domestic, international, small cap domestic, emerging markets, etc. It certainly can't hurt you to go with different fund companies. I suggest you take a look at index funds - Vanguard and Fidelity have some good ones. They invest in a variety of markets and beat mutual funds over time. They also have low expense ratios. So if you want to look at seperate fund companies take a look at some of Vanguard's index funds. |
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