I am 50 years old.govt., employee. I want know the better tax saving mutual funds or other equity funds.?

Answer 1

Your question reminds me of how little the government helps employees with investment decisions.

You would only be interested in tax-saving mutual funds if you are investing with after-tax money. If you are investing inside your retirement plan, then taxable investments are what you need. Equity funds are stock funds and they are taxable.

Assuming you are investing outside your retirement plan, you can purchase long-term municipal bond funds and save on taxes. If you invest with companies like Vanguard and Franklin, you will find funds that invest in the state where you live so that you won't have to pay state taxes on the income.

If your tax-bracket is above 30%, you will be better off investing in equity funds that have a history of growing at a rate of 12% or better. That's because you will wind up with more money in your account(s) after you pay the taxes. For example, if the Fidelity Mid-Cap Growth Fund (FSMGX) pays a capital gain of 12% and you are in the 30% income bracket, your after-tax return will be 8.4%. It is almost impossible to find a tax-free mutual fund in the U.S. that offers that kind of return.

You might be interested in tax-advantage accounts, which are a little different. Tax deferred annuities allow investors to invest in high performance stock funds. The gains are sheltered until the money is taken out at retirement. This is one of the best kept secrets in the market. Insurance companies are the underwriters of this kind of investment. If you are interested in deferring your capital gains, you might want to contact the Hartford Insurance Comany.

Answer 2

There are no better tax saving mutual funds or equity funds. IF you invest in equity, find corporations that do not give dividends as you always need pay tax for dividends. For me, I always like to pay tax, the more the better because I know I have earned more income.

Answer 3

nicely, that's continuously recommended to speculate money in small quantities to any investment ideas. making an investment small quantities or in diverse investment ideas make you money extra secure and saves u from industry fluctuations too. It makes you disciplined on your fee discounts. each month you're compelled to maintain aside a fixed quantity. this might the two be debited rapidly out of your account or you will possibly desire to provide the mutual fund positioned up-dated cheques. As you spot above, it helps you're making money over the long term. on account which you get extra gadgets while the NAV drops and much less while it rises, the fee averages out over the years. so which you tide over all the united statesand downs of the industry with none drastic losses. for extra techniques on SIP and its reward, u can examine with my weblog. I m givng the hyperlink in source section. each mutual fund is stable for tax saving. All you will possibly desire to do is, that make investments the money wisely in them.

Answer 4

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