Archive for the ‘United States’ Category

Any tax benefits to reinvesting your dividends from mutual funds?

Thursday, January 1st, 2009
jhcashman asked:


I have a few mutual funds with fidelity which distribute dividends once a year. By default all the dividends are reinvested back into the funds. I would rather have the dividends in cash so I can invest into different funds. Is there any tax benefits to having the dividends reinvested instead of just taking the dividend in cash?

Thanks

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Posted in United States | 3 Comments »

What % of taxation will be applied to my Mutual Funds withdrawal?

Monday, May 12th, 2008
Debz Luvz asked:


I know nothing about mutual funds. Only, that I’m withdrawing what I’ve got, which should be around $36,000? I know I’ll be pentalized 10%. But, what % of taxes will I owe to Oklahoma and Federal?

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Posted in United States | 1 Comment »