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General Articles

IRA Tax Savings for Those Planning a Career Break

IRA Tax Savings for Those Planning a Career Break

This article presents the use of a Traditional IRA savings account to reduce your net taxes and save you hundreds or thousands of dollars in taxes if you are planning on quitting your job or taking a leave of absence to travel long term or live abroad for a time. While this article is mainly aimed at people going abroad, this tax savings strategy is effective for anyone who is planning on experiencing a sharp decrease in income.

The basic idea behind this savings strategy is that before leaving home to travel you likely have a much higher income than you will have once you are abroad. The Traditional IRA allows you to average your income over two or more years, thus reducing your tax rate and the total amount of taxes you pay. Essentially, in the year or two prior to leaving your job or taking a leave of absence, you set aside money and use it to fund a Traditional IRA account. The money added to your IRA is subtracted from your Adjusted Gross Income (AGI) the year you contribute it, so you pay no taxes on the money that year. Then, in the year(s) you are abroad, you may draw out money from the IRA to pay your travel expenses. When you do this, you must then pay the taxes on this money, plus a 10% penalty. But since you are traveling abroad, your income is low or zero, so your effective tax rate becomes just the penalty, or 10%. And even the 10% early withdrawal penalty can be avoided if you plan carefully and meet certain requirements. Depending on what your tax rate was when you were adding money to the AGI, this strategy can represent a tremendous tax savings. The greater your change in income, and the more money you contribute to the IRA, the greater your savings.

For example: say your AGI is $40,000 and you file as single. Your maximum tax bracket (2011 tax rates) would be 25%. Contributing $5,000 to a traditional IRA would reduce your tax for that year by $1,250 ($5,000 x 25%). If you then redeem this $5,000 later when your AGI is zero, you would pay no taxes on this amount, only the 10% penalty of $500. That’s an overall tax savings of $750. If you can meet the requirements to avoid the 10% penalty, your total savings becomes $1,250. This, for merely saving $5,000 in an IRA for traveling, which you needed to do anyhow.

Compared to other ways of trimming expenses or saving money during travel or a career break, using a traditional IRA is easy and highly effective, and represents savings that cannot be equaled by almost any other method. Setting up an IRA is quick and painless, and adding or withdrawing money from your IRA is easy to account for in your tax return.

For more detailed information on how to utilize a Traditional IRA to save money when planning long term travel, visit IRA Tax Savings for Career Breaks.…

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General Articles

Tour the World and Fall in Love

Tour the World and Fall in Love

There is nothing quite like branching out, experiencing new things, and making the most of life. One of the best ways to maximize your free time is to travel to different parts of the world and absorb all of the qualities that make those specific locations beautiful and unique. Each travel destination brings something different to the table. From ancient history, to food, to culture, to language, there are factors about travel that just seem to make our lives worth living. Travelling allows people to grow and become more in tune with their surroundings. There are essentially no limits to the amount we can learn from travelling the world, so it comes as no surprise that people everywhere are finding it appealing to make travel a number one priority.

Whether you are allowing your children to begin their travels at a young age by taking family trips abroad, or you are celebrating a wedding anniversary by exploring a new travel destination, age is not a factor when you want travel the world. No matter what destination you choose, there are luxury escorted tours available that will allow you to maximize your time and make the most of your holiday. People often enjoy travelling to make the most of their precious annual leave and others wait until they have retired and have fewer daily demands to meet; no matter when you travel, you will want to embrace a well-rounded experience and walk away with new perspectives on culture, lifestyle, and language.

Let’s face it, you can have an amazing time if you travel to a new and exciting country and take it upon yourself to go sightseeing, eat at standout restaurants, and learn about the history of the area, but luxury escorted tours will add a new edge to your already eye opening adventures. Luxury escorted tours are ideal for travel to just about any destination. Rather than racking your brain to research different areas and plan an eventful trip, you can sit back, relax, and rely on the expertise of luxury escorted travels to cover every base and give you a thorough understanding of your chosen destination.

No matter where you’re travelling to or what you want to get out of the trip, luxury escorted tours are going to take your trip up a notch and allow you to more thoroughly enjoy every aspect of your travels. Nothing is quite as refreshing as seeing different parts of the world with your own eyes.…

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General Articles

Jaipur City Tour to Explore the Attractions of Jaipur

Jaipur City Tour to Explore the Attractions of Jaipur

Jaipur, the capital of Rajasthan is one of the most charming cities in India. There are lots of attractions in form of magnificent forts, palatial palaces, gorgeous gardens, historical monuments, heritage sites, terrific temple, lively local bazaar, etc. It is the first planned city of India. Most of the buildings in the city are painted in pink making the mood of city charming and healthy. Jaipur shows the mirror image of Rajasthan culture and traditions. One can get the essence of Rajasthan by visiting Jaipur.

Jaipur is called as “Emerald City” of India. It is the historical city of India and holds many heritages and monuments of historical importance. The attractions of Jaipur invite numbers of tourists from all over the world. Hawa Mahal is the prominent attraction of Jaipur city tour. It is the marvel example of Indian architecture. It has more than 900 hundreds windows to ventilate air in the building so it is named as “Palace of Winds”. It was the living place of royal women of medieval age.

Some other popular tourist attraction sites in Jaipur are Amber Fort, Jantar Mantar, City Palace, Albert Hall Museum, Rambagh Palace, Jal Mahal, Birla Temple, Nahargarh Fort, Jaigarh Fort, Govind Dev Ji Temple, gardens, zoo, etc. Tourists love to explore these awestruck attractions of Jaipur. The charming attractions of Jaipur are boosting Rajasthan tour. Many tourist visit Rajasthan just to visit Jaipur. It is one of the destinations of popular golden triangle tour. Golden triangle tour is one of the most popular tourist circuits in India. It comprise visit to three popular cities of North India. These three cities are Delhi, Agra and Jaipur. Hence, Jaipur is a popular tourist destination in India.

Jaipur is also famous as shopper’s paradise. There are many shopping areas in Jaipur. Tourists enjoy shopping jewels in the market near Hawa Mahal. Jaipur is mainly famous for red stone jewellery, gems and precious stones.

So, plan a tour to Jaipur and visit the popular attractions of city. Many tour packages are available in India. You can also ask the Rajasthan travel agent to tailor special tour package for you based on your interest. You can explore all attractions of Jaipur in two – three days. You can also enjoy staying in heritage hotel of Jaipur. There are many heritage hotels in Jaipur known for providing world class accommodation facility. In this way, you can enjoy traveling in Jaipur comfortably and conveniently.…

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General Articles

Choose an All-Inclusive Vacation. Yes or No?

Have you wanted to go on vacation with no fuss? Arrive at your destination and spend the next couple of days by the pool with a cocktail. Then an all-inclusive vacation is the kind of holiday you need. Go online and find a package perfect for you. Check out reviews at suntransfers for tips and advice, and your vacation plan is ready.

Make sure an all-inclusive is right for you.

If your ideal vacation is to explore the country you are visiting, then an all-inclusive vacation may not be up your alley. Some resorts may only offer food that is the same as what you eat at home, preventing you from enjoying local cuisine. If you want a quiet holiday, you will only find noise with these popular family destinations.

What an all-inclusive has to offer everyone.

All-inclusive holidays are fantastic because there is no planning stress to endure. The only planning you need to do is choose a package. Everything includes flights, accommodation, food and drink, activities, and entertainment. Staying at a resort allows you to relax and not have the anxieties of visiting a foreign country, the language barrier, finding your way around, and the other stress that goes with being in an unfamiliar place. At an all-inclusive, you will be treated like royalty and feel royal when you can leave your wallet in your room. Especially when traveling with kids.  As many parents know, vacationing with your children can quickly become expensive. This is why all-inclusive vacations are so popular with families. Many packages are catered just for families and offer an array of activities for children, giving parents a chance to relax. You can always go on a day trip to experience local cuisine and culture and get a break from the resort. If you have teenagers, you can rest assured that they will be safe exploring the resort independently because of all the safety measures. Safety is also a massive attraction for guests at an all-inclusive, allowing tourists to visit a country that may have safety concerns, which is also perfect for solo travelers who may feel more vulnerable traveling alone. All-inclusive vacations are also a good choice for couples and large groups.  Have to plan a honeymoon or bachelor’s, consider the all-inclusive resort.

Ready to try an all-inclusive?

So if you just want a stress-free time by the pool and finally start that book you have wanted to read, an all-inclusive has everything to offer. You don’t have to worry about overspending because everything is already paid for. Take some extra cash if you want to buy some gifts. You don’t have to spend hours researching and planning for your vacation. Everything is already done. Simply book,  pack, get on a plane, arrive at an airport, and take (the already paid-for) shuttle to the resort. Catering to all types of visitors and age groups, traveling alone, with your partner, family, or in a group, everything you desire has been considered and paid for.  All-inclusive vacations may not be for everyone, but for those willing to try one, go for it!

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Cheap Cruises

Disadvantages Of Booking Online On Travel Portals

Online travel portal allows the shopper to search out the assorted destination of their alternative, Data related to the place, availability, value comparison and resort reservation or if they are on the lookout for any bundle then they’ll also find with the help of the Varied Vacation Bundle Booking. If you’re traveling alone, it is normally simple to secure a last minute flight deal that can be cheaper than low-cost flights to Cairo; there may be some cancellation of flight which you’ll get pleasure from great savings if you’re prepared to jump on board when supplied.\n\nTravelers are also relying more on travel evaluation sites when booking. The share of U.S. travelers who mentioned travel evaluation sites influence their travel selections increased by 10 p.c between 2014 and 2015. The leading travel web site used in United States primarily based on number of visits was, nonetheless, not an internet travel agency.\n\nThey usually can save an extra amount or provide purchasers with a dining or spa credit that wouldn’t be obtainable when booking by way of an OTA. Travel advisors create a custom itinerary, pulling together flights, transfers, accommodation, tours, visits, meals and exclusive visits primarily based on your preferences—so you possibly can spend your time on other things.\n\nThis would possibly happen in the course of the off season that usually sees motels publicizing such appealing last minute deals to be able to get travelers to occupy their unsold rooms. Online booking permits travel operators to cut out the middleman, making it attainable to price travel rather more cheaply.…

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Cheap Vacations

Finding out Online To Improve Travel Safety

There’s nothing quite like traveling, especially when it’s for pleasure somewhat than business. In a column for Business Insider, Avery Hartmans described her experience using the Motels Tonight app for a staycation in New York City – and noted that the prices listed did not embody taxes and charges. A travel advisor can communicate to resort managers to verify it’s taken care of.\n\nWhen you resolve the destination and the routes you wish to use to get there, you need to use online companies to search out low-cost travel options which are also an inexpensive resolution for the provider. The cheap travel solutions that can be found online can work in a variety of ways.\n\nIf you’re about to go on a trip, you should remember to withdraw adequate money in your trip. Otherwise you may be spending plenty of time trying to find ATM machines of your individual bank when you run wanting money if you arrive. You also must ensure that ATMs of your individual bank are available in your destination.\n\nMost of these sites are really a matter of desire for the person, but I like to shop around to check prices when booking. To get the most effective deals first you need to resolve what kind of trip you take. Regardless of the web site you at all times wish to have a look at their special deals.\n\nWhile most people who often buy objects from the internet know to use their credit card. It is because a debit card allows the money to depart your account instantly, which implies that if someone finds out your debit card details, they’ll drain your account.\n\nYou most likely took great care to plan your holiday, so why not insure that your holiday goes as smoothly as attainable in the event of an emergency. Low-cost ski travel insurance presents very inexpensive coverage for you and your family for surprise events that might affect or drive you to cancel your holiday plans.\n\nBear in mind that almost all major banks is not going to process credit card transactions which might be related to online gambling, nonetheless there are a variety of online brokers corresponding to PayPal and Neteller who provide the same service. You will also wish to familiarize yourself with issues such wire transfer time and what auditing companies are available.…

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General Articles

Searching for Travel Agents

Searching for Travel Agents

When you are planning to hire the expertise of a travel agent for your LA trip, the first idea an individual will need to perform is develop a very clear strategy with the agent. There are a several of vital elements that you will need to address prior to you get in touch with your agent and truly commence the planning process. First and foremost, it is critical to have a tangible system and a specific idea on the form of voyage you would want to take. Getting a straightforward thought that you would opt for checking out the calmer, a lot more quiet side of Los Angeles such as vacationing for a couple of days in a Santa Monica spa or retreat center over experiencing Los Angeles nightlife, will conserve you an excellent deal of time and effort from the very start. This will additionally enable the agent to target on the locations you will probably want.

They ought to understand who will go along with you on your travel and what sort of actions and places would be most suitable. When an individual arranges to travel on a family vacation, the travel agent will propose hotspots that will be pleasant for both parents and also kids. In the event that you are going on a voyage on your own to meet brand new men and women, they will recommend accommodations and package deals which can allow you to go out with all the other single people. An awesome amount of LA travel agencies give deals for niche tourists just like Los Angeles gangland visits and adult entertainment tours. Your business with the travel agent in LA needs to be discreet and private.

Almost all of the time, the agent feature travel programs that an individual will find pleasing. Some plans are fixed, while some are more flexible in respect to your personal preference and taste. If a person are adaptive enough with your getaway days, the travel agent may furthermore propose cheap packages. But, if your time is confined and you have to observe a certain set of dates, the agent can get low cost packages that are suitable for your specifications.

You should never hesitate to check with your travel agent especially if you have specific questions concerning your holiday getaway plans. They will be more than happy to provide you facts on your readily available tour options, local tourist destinations, accommodations, eating places, and so on. While a qualified agent may be familiar with most of the queries you will consult, it would not cause harm to check with them with regards to matters associated to your holiday that are not talked about ahead of time.…