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Taxes and Insurance
- DID YOU KNOW…Reducing our tax deductions by paying off the mortgage will eat into our retirement funds.
- Traditional fixed rate mortgages leave us with a decreasing tax deduction yearly.
- The average tax bill is $3000.
- In 1999, $147 million was charged to credit cards for 1998 tax filings. This is expected to increase annually.
- Over 60% of Americans don’t have individual life insurance.
- The average premium cost for term policies is expected to be about 3% lower in 2006.
Related links:
Knowles Knowledge
Credit and Debt
Retirement and Savings
Family Money Matters
Bankruptcy and Foreclosures
Mortgages
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