Mutual funds only invest in common stocks. Since interest payments on a mortgage are tax deductible, home owners should always itemize instead of taking standard deduction. If they use the child's social security number they will not have to pay income tax on the investment's earnings. Life insurance is an inflexible contract which offers no investment options, such as stocks or bonds. If you own a mutual fund, outside of an IRA, there is no way you can avoid being taxed on dividends paid.
Joint tenancy is the best way for a couple to hold title to property.
Since annuities are offered by insurance companies the primary benefit is insurance. Interest earned in a life insurance policy is always lower than the rate of interest you can earn in a certificate of deposit. Total the number of correct scores and multiply by five.