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    Mutual Funds: What Are They?
  • Simplicity - Buying a mutual fund is easy! ... The mutual fund industry is masterful at burying costs under layers of jargon. ...
  • http://www.investopedia.com/university/mutualfunds/mutualfunds.asp
Questions/Answers
How to find a good mutualfund?
Im doing a financial management class and everyone is doing this online virtual stock exchange. We just started today and I know nothing about the stock market. What is the most important thing to look for when buying stock in a mutual fund?
Look for mutual funds with managers that have over 5 years experience, low fees, and no loads. Also, look for the 5, 7, and 10 year returns.
How are mutual fundbeneficiaries taxed?
I am the beneficiary of my father's mutual fund or IRA. When the money is distributed to me, does the IRS see that as income or as inheritance? How it is taxed?
since it was never taxed, it will be upon distribution, but you won't have to pay any of the penalties.
Cashing out a mutual fund andowing the IRS?
I cashed out a $6,000 mutual fund and know I will owe a lot on my 2008 taxes. How can I start "paying back" the IRS now to avoid dept in April? I've started contributing more to my 401K to lower my taxable income and I've increased my W4 contributions to claim 0 and take out $50 extra per pay check. Any other suggestions?
It sounds like you're doing the right thing by contributing to a 401K and increasing your W4 contributions. My only suggestion to lower the amount you owe next April is to simply increase your $50 to a higher amount.
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