The World’s 21 Mega-Regions According to Citi Research


This image shows mega regions in the world. Mega regions are defined as places with massive populations, or mega populations.

On the west, the two continental Americas are both almost completely urbanized. Although there are many concentrated groups of cities with populations of five to ten million, these two continents only have a combined total of six mega populations.

That is, on North and South America, there are only six places with populations of ten million or more.

In the east, on the other hand, things are different.

Much of Asia, Europe and Africa have dense city groups with populations of ten million or less. These cities are all clustered together and tend to lie on the coast, the closer they get to east Asia.

Australia is the continent with the least number of mega populations.

Should you Withdraw From a Roth IRA to Pay Down Debt?

Most of the people who undergo retirement process want to become debt free and considering withdrawal from Roth IRA is the best option for them. But, what they really don’t know is that, withdrawing money from your Roth Ira to pay all of your debt is not a good action to consider. It is because there are lots of reasons why this is not a good option for you.

To help you have more knowledge about this issue, here are some reasons why you don’t need to withdraw your Roth IRA to pay down all your debts.

  • You will pay penalty once you withdraw from your Roth IRA. Even though you are allowed to withdraw in your contributions to Roth IRA, you will still be penalized once you withdraw your earnings unless you have qualified distribution of earnings. To make your earnings qualified, you should reach 59 ½ of age to make you become disable for withdrawal and should be used for buying your first home. Or your earnings should be five tax years or more after your first contributions. But if you are not qualified you will be subject to additional penalty on your tax upon your withdrawal.
  • You will become unprepared during your retirement. Since the Roth IRA is specifically design for helping people to pay their daily living expenses once you decide to stop working, withdrawing your money will increase your odds to impoverish your retirement.
  • You will lessen the interest of your withdrawal from your Roth IRA. Even if you have qualified distribution, you will just get small balance once you withdraw. This will provide you results that you will get less amount of money on your earning interest and lessen your own returns over a period of time. Thus, once you decide to withdraw your contributions, you will never reinvest it again.
  • You will have bad financial pattern. Withdrawing your money from your Roth IRA is easy however, it will provide you bad financial pattern if you take out your cask in early distribution. This will provide you to hit your retirement goals once you decide to tap your retirement contributions just to pay your debt.

In Roth IRA contributions, all the things are provided equally if you will avoid withdrawing your money just to pay down all of your debts. In case you have no more resources to help you pay your debts, you should try other ways and create good plan to ensure that you will have good future and avoid the withdrawal process in early contribution.

But if you really want to opt for this kind of decision, it is highly recommended that you just get your contributions from Roth IRA and not your actual earnings of your retirement. Just allow your earnings to continuously grow for you to prevent paying for penalty taxes from early withdrawal of your contributions most especially if it is under non – qualifying event. Through this way, there is still good future that awaits you.

Will I Get in Trouble for not Filing my Taxes?

Have you avoided filing your taxes? Maybe you do not have enough information to complete your tax return or you do not have sufficient money to pay your liability. Whatever your situation may be, not filing your taxes has serious and severe consequences. When you know a myriad of stories about people avoiding tax, you do not have to do the same because failing to file a tax return is more expensive.

Not filing your tax can lead to criminal penalties such as fines, civil penalties, and even imprisonment. When you cannot afford to experience these worse situations, it is better to follow the rules and regulations in your country. You will see the difference between failing to file your tax return and paying your taxes.

What will happen when you fail to file?

When you fail to file a tax return, the Internal Revenue Service (IRS) may file a substitute return. Though your accountant would include standard deduction in your return, IRS will never include them. The institution will not be looking to help save your money.

However, substitute return has only one exemption. Whether you are single or married, you need to file a separate tax return. So, you can have less tax liability when you perform your obligation as a tax payer.

What to do when you can’t pay your tax responsibility in full?

As a person who pays taxes, you need to do your obligation in advance to avoid complicated penalties and high amount of interests. When you cannot pay your tax liability in full, it is necessary to visit the IRS near you to explain your case. Depending on the situation, IRS may provide the following:

  • Installment Agreement – In this resolution, you may be obliged to make monthly payments. Also, it allows you to pay in full in more manageable and smaller amounts. So, if you cannot file a tax return, you can take advantage of the installment agreement provided by the IRS.
  • Temporary Delay – Aside from installment agreement, IRS may temporarily delay the collection of your taxes. However, it is significant to prove that you do not have the ability to pay your tax debt. During the process, IRS looks over your capability to pay then take an action to protect the interest of the government.
  • Offer in Compromise – IRS will settle your unpaid taxes less than the full amount of your balance. But, you have to pass the requirements in order to get qualified. Offer in Compromise is applicable to all interests, penalties, and taxes. When filing for the resolution, you will be charged a certain amount.

When you receive an incorrect bill, call or visit the nearest IRS. Make sure that you keep a copy of records, canceled checks, and tax returns. As a result, you can help IRS understand and identify their mistakes.

The bottom line is, failing to pay taxes can result in expensive penalties and imprisonment. For sure, you cannot afford to experience those complex dilemmas. Whether you are unable to pay your taxes or have a hectic schedule to perform your obligation, you should not forget filing your tax return.

Will I Get More Money Back in My Tax Return?

You may be wondering if you will get more money back in your tax return now that you are making more money or will you make less. Well, high income requires a high amount of taxes. When you make more money, you have more tax debt than people with enough income.

IRS know that you have the ability to pay higher taxes. If you’re asking whether you can get more money back in your tax return when you make more money or not, you can get more tax refund. However, you should come up with good deductions so that you can get what you want.

When you have less income, you can experience low tax refund. But, the good thing about having enough income is that you do not have a high tax liability. You will never feel stressed when it is about time to file your tax return. You will never encounter various problems along the way. So, you may have a hassle free daily living.

If you want to get more money back in your tax return, below are some simple and useful tips you can follow.

  • Include Dependents – When you have been supporting a relative, you can get a dependent exemption for about $4,000. Also, this is applied when a friend counts on you. However, the amount of tax exemption depends on where you reside. Apart from that, you can get more tax refund you truly deserve.
  • Take Above-the-line Deductions into Account – These deductions allow you to eliminate your taxable income. If you have paid school supplies, alimony, student loan interest and self-employment tax, you can use them to get more money back in your tax return. Like having dependents, you can also reduce your taxes.
  • Claim the EITC – Do you have a low or moderate income? If so, you can qualify for the Earned Income Tax Credit (EITC). It can reduce your tax debt, which can give you the opportunity to qualify for a tax refund. In addition to the requirements, you should have a Social Security Number and are a U.S. citizen. You must have an income and are not dependent on anyone as well.
  • Choose Relevant Filing Status – There are five choices when filing status such as single, head of household, married filing separately, and married filing jointly. During the process, you have to be careful in choosing your filing status as it can leverage your chance to get more money back in your taxes. More particularly, it can ascertain your standard deduction, filing requirements, credits, tax liability as well as a tax refund.
  • Maximize your Tax Contributions – As early as possible, you should file for a traditional IRA so that you can receive a larger refund of taxes in the near future. In other words, you need to maximize your IRS contributions to achieving excellent taxable income and awesome tax refund.

Do you have a hard time to boost tax reimbursement? Worry no more as there are outstanding solutions that you can ever have such as including dependents and maximizing your tax contributions. Thus, making more money guarantees getting more money back in your tax return.

2014 Looks to be the Most Active IPO Market Since 2000

After a peak of IPO activity at the end of the 20th century, we could be seeing a new trend of rising IPO activity caused by a combination of economic turnaround and a plethora of companies ready to go public. IPO activity has mimicked general market trends over the past decade and a half.

2014 Looks to be the Most Active IPO Market Since 2000

In 2000 US IPO activity experienced a surge that nearly doubled the average rate, therefore there were about eighty three IPOs in that year. Conversely, the mid 2000s and the year 2009 showed a sharp decrease in IPO activity. Numbers fell from an average of forty to ten and below. In 2009, there was only one IPO registered.

Currently we are seeing another rise in IPO activity as markets rebound from the Great Recession. Possibly we are also seeing companies that would have gone public earlier filing for IPOs now because of higher investor confidences and a more certain economic future.