Savings Corner
DECEMBER 25, 2023
Estimating how much income you may have from Social Security can assist in approximating the amount of money you’ll need to save in dedicated retirement accounts such as 401(k)s and IRAs. An IRA, or individual retirement account, is a tax-advantaged account that savers open on their own through a bank, credit union or brokerage.
Prairie Eco-Thrifter
JULY 16, 2017
Being the smart person you are, you you sign up for a 401K with company matching and do the right thing by starting to pump as much into it as possible. In 5 years – you’ve married and had a baby, but your 401k still goes to Mom and Dad when you die. What can go wrong after you die. Spouse contests the distributions.
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Savings Corner
DECEMBER 27, 2023
Your contributions are made pre-tax, and they and your investment earnings grow tax-deferred. You’ll be taxed on distributions in retirement. Your contributions are made after taxes, but distributions in retirement are not taxed as income. That means your investment earnings grow federally tax-free.
Prairie Eco-Thrifter
MAY 10, 2012
Welcome to the May 11, 2012 Edition #236 of the Carnival of Financial Planning. Mike presents May Blog Evolution Report… + Income Stats! posted at The Financial Blogger , saying, “The online income for May. This edition is arranged by subject heading, so that you can browse efficiently.
Prairie Eco-Thrifter
MAY 6, 2012
With the population aging, there simply won’t be enough people working and paying taxes to fund any government support of retirees. They might have a part-time job to help pay their way through school or they may have started full-time employment for the first time. Why are so many people not saving for their own retirement?
Prairie Eco-Thrifter
FEBRUARY 9, 2012
If you always have more month than cash and never seem to get ahead or even to even, it’s time to look at some reasons you may be broke. Instead of investing your money in education or your 401K, your money goes to clothes, gadgets, big screen TV’s or alcohol. You spend your money on the wrong stuff.
Prairie Eco-Thrifter
MAY 8, 2011
Ramsay presents Borrowing From Your 401k. Among the many benefits afforded to many 401k participants is the ability to borrow funds from the account for personal purposes. Tax Debt Help presents Savers Tax Credit: Get Rewarded for Retirement. Jim presents How to Calculate Your Full Effective Tax Rate.
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