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
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.
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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. Even very small amounts from each pay packet, invested in a savings account, can grow to a healthy retirement income. Why are so many people not saving for their own retirement?
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. I can’t believe it’s been that long. How would we afford the have health insurance?
Prairie Eco-Thrifter
JANUARY 12, 2014
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. That would just cost me in taxes! We need to make sure our base grows over his lifetime, especially since we hope to leave a legacy to our children and grandchildren.
Prairie Eco-Thrifter
JULY 4, 2011
It was during this rather taxing weekend that I was reminded of how great a loving family can be. Crystal from Stupid Cents talks 401k Allocation and where to put your money. These days, there is an ever-growing concern about the safety of our personal information when it is shared over the World Wide Web.
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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