You can track your investment every day in any daily newspaper, if you like, to determine just how well your investment is working. If you do not have a retirement plan available through your employer, planning for your future is something you need to do for yourself, even if your husband or wife has a retirement account. There are alternative plans that take a spouse's retirement accounts into consideration for tax purposes. It is an investment account which will pay a fixed sum to a person at specified intervals for a specified period of time or for life. The amount you invest determines the amount of payments and period of time over which payments may be made.
Payments represent a partial return of capital and interest on the capital investment.
An exclusionary ratio must generally be used to compute the amount of non-taxable income. The amount you invest and type or types or mutual funds you invest in determines how much your capital will earn in interest. You can select a long-term growth fund which will provide a safer investment that will grow over a period of years, such as utilities, electronics, broadcasting and publishing. A short-term fund may pay a high return on your capital investment, but may be riskier in terms of stability of the holdings in the mutual funds. The new year brought into effect about 300 new laws.