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Obama offers help for student borrowers

Business News - Tue, 03/10/2015 - 3:50pm
President Obama unveiled new steps Tuesday designed to help students avoid the pitfalls of excessive student debt.

Using Tax-Deferred Investments to Promote Long-Term Wealth Building

Lifestyles - Tue, 03/10/2015 - 3:35pm
Five words or less

(NewsUSA) - Tax season is in full swing, and many people are being reminded of the tax burden their investment returns carry.

As a result, some are adopting a smarter strategy for maximizing long-term returns by deferring taxes and allowing gains to compound over time. This route can generate considerable savings simply by enrolling in a tax-deferred retirement account and investing through it.

"Tax-deferred accounts provide an opportunity to boost overall investment returns by deferring taxes until the age at which you begin required minimum distributions," said Preston Despenas, co-founder and senior partner of Growth Equity Group. "While some of the most common choices are traditional accounts, self-directed IRAs are gaining significant momentum with investors because they allow greater investing flexibility."

There are several types of tax-deferred accounts that allow people to maximize long-term returns:

* Investing Pre-Tax vs. Post-Tax Income. With traditional Individual Retirement Accounts (IRAs) or 401(k) plans, contributions are made to the account with pre-tax income. Later, when the funds are withdrawn, they're taxed just like ordinary income.

* Tax Incentives With Self-Directed IRAs. For investors seeking to invest in alternative assets to safely diversify their portfolios and generate income, the lesser-known self-directed IRA is also tax-deferred, but provides additional flexibility. This account enables the holder to invest in assets such as residential property, commercial real estate, precious metals and oil.

* Using Real Estate to Diversify. Self-directed IRAs can help protect from risk through diversification and, for that same reason, can provide extra earning power. Real estate tends to be less correlated with the stock markets and thus is less volatile when the markets experience wide swings.

With a rental property asset in a self-directed IRA, rent payments from tenants are directly added to retirement savings, where they compound and grow tax-deferred until the investor takes a distribution in retirement. Self-directed IRAs are managed by a qualified custodian on behalf of the investor. The trustee helps file the proper annual IRS reports to ensure compliance with the tax code.

"Real estate and rental properties are popular investments because they can generate income in addition to a long-term return on investment," said Brett Immel, co-founder and senior partner of Growth Equity Group.

To find more information about self-directed IRAs and real estate investments, visit www.growthequitygroup.com.

Obamacare's second round attracts more Americans

Business News - Tue, 03/10/2015 - 3:25pm
What a difference a year makes.

Uber's lofty goal: Hire 1 million women drivers

Business News - Tue, 03/10/2015 - 3:18pm
Read full story for latest details.

Verizon FiOS drops the Weather Channel

Business News - Tue, 03/10/2015 - 3:13pm
Another storm is brewing between The Weather Channel and one of its biggest distributors.

Government backs off from banning assault rifle bullet

Business News - Tue, 03/10/2015 - 3:05pm
Amid a massive outcry from gun enthusiasts, the government has backed away from a proposed ban on a specific bullet used in assault rifles that can pierce vests and body armor worn by police officers.

Snoop Dogg wants you to unload your gun stocks

Business News - Tue, 03/10/2015 - 2:33pm
Snoop Dogg, the rapper who once glorified gun violence, is now urging investors to dump all their gun stocks.

Watch eagles brave snow to protect their eggs

CNN - Tue, 03/10/2015 - 2:13pm
Watch as a bald eagle digs out of neck-deep snow while still keeping its eggs warm.
Categories: National News

Brazen kidnapping caught on tape

CNN - Tue, 03/10/2015 - 2:09pm
Security cameras show a man running with a 22-month-old boy who was taken from a playground. CNN affiliate KXLY reports.
Categories: National News

Bullet holes pierce Tsarnaev's writings on boat

CNN - Tue, 03/10/2015 - 2:09pm
Jurors in the Boston Marathon bombings trial were shown a key piece of evidence Tuesday: Dzhokhar Tsarnaev's writings on the inside of the boat he used as a hideout.
Categories: National News

Frat's 'house mom' filmed singing n-word

CNN - Tue, 03/10/2015 - 2:07pm
A 2013 video has surfaced showing Beauton Gilbow, SAE's 78-year-old "house mother," using a racial slur. CNN's Nick Valencia reports.
Categories: National News

Tech stocks aren't at bubble levels

Business News - Tue, 03/10/2015 - 2:03pm
March 10 is the anniversary of the dot-com bubble, a reminder of just how foolish investors can be.

Trek the Himalayas without leaving your couch

CNN World - Tue, 03/10/2015 - 1:58pm
Take a breathtaking journey through the Himalayas, the youngest and tallest mountain range in the world.
Categories: International News

Fat-shamed 'dancing man' gets celebrity support

CNN World - Tue, 03/10/2015 - 1:51pm
After a man is bullied on the internet, a community of people comes together to support him.
Categories: International News

MSU Faces Auburn In Opening Game Of SEC Tournament

Bulldog Beat - Tue, 03/10/2015 - 1:35pm
STARKVILLE, Miss. – Postseason action for Mississippi State begins in the Music City on Wednesday as the Bulldogs face Auburn in the opening game of the 2015 SEC Tournament.

Credit Suisse replaces CEO with insurance exec

Business News - Tue, 03/10/2015 - 1:27pm
Read full story for latest details.

Car bomb kills 7 in Afghanistan

CNN World - Tue, 03/10/2015 - 1:24pm
A suicide car bombing killed seven people and injured 23 others in southern Afghanistan's Lashkar Gah city on Tuesday, said Mohammad Jan Rasoolyar, deputy governor of the country's Helmand province.
Categories: International News

Softball To Face Samford In Wednesday Road Game

Bulldog Beat - Tue, 03/10/2015 - 1:24pm
Looking to build upon the momentum of its comeback win over No. 8 Georgia on Sunday, the Mississippi State softball team (18-5, 1-2 SEC) will travel for a game at Samford (15-8) on Wednesday at 6 p.m. CT from the Samford Softball Field.
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