Savings Corner
DECEMBER 27, 2023
For example, many employers match 50% of your contributions, up to 6% of your salary. Your contributions are made pre-tax, and they and your investment earnings grow tax-deferred. You’ll be taxed on distributions in retirement. That means your investment earnings grow federally tax-free.
Family Balance Sheet
AUGUST 17, 2011
However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. This final number will help to lower your capital gains tax. You'll need proof of gains or losses at tax time.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Prairie Eco-Thrifter
JUNE 11, 2012
One of the best ways to invest for your retirement is taking advantage of the tax incentives of retirement accounts. For USA Investors An employer-matched 401k allows you to contribute up to $22,000 if you’re over 50; whatever amounts your employer adds to this is basically free money.
Prairie Eco-Thrifter
JANUARY 12, 2014
Examples of financial advisor suggestions that would have steered my family wrong: An estate trustee at a bank recommended selling off Chevron stock that my Aunt owned “because it is too risky”. Vanguard’s Personal Financial Planner thought I should change invest all my retirement money in bonds when I moved it from my 401K to an IRA.
Prairie Eco-Thrifter
OCTOBER 15, 2011
Tax Rebate Blog: How Much Can you Earn Before Paying Tax in 2011 Tax allowances and brackets change each year. This post shows highlights how much you can earn before you need to pay tax. Here is a real life example. This list provides an overview of steps that can be taken.
Family Balance Sheet
MARCH 15, 2017
In October 2003, I left a career as a department store buyer with a nice paycheck, paid vacation days, 401k match, profit sharing, and health benefits, to pursue a life of self employment with my husband where all of those things are up to us. For example, at that time, maternity was not included in any individual plan.
Prairie Eco-Thrifter
APRIL 6, 2012
PFP presents Investment Asset Tax Location posted at Pasadena Financial Planner , saying, ” As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.
Expert insights. Personalized for you.
40 
Let's personalize your content