Monthly Archives: March 2014

Making the choice to pay more taxes … just to pay more taxes

That thought is the VERY first thing that entered my mind when our esteemed Senator Ray Lesniak suggested that we need to raise the gasoline tax by 5 cents per year for the next 3 years, so that we can … Continue reading

Posted in budget, economics, politics | Tagged , , | 1 Comment

Your biggest expense should be you!

Your biggest expense should be for your future self for the first 5 years. The younger you are, the easier and better it is for you to take 50%-60% of your paycheck and put it away. Imagine being 19, 20, … Continue reading

Posted in budget, budgeting, Financial Arsenal, financial directive, Goals, Income Tax, networth, Retirement Savings, spending plan | Tagged , , , , | Leave a comment

Pay less taxes than you put into an IRA

Let’s see how a person could pay less taxes than they put away into an IRA (or 401k). We will use a simple scenario of a single person with a gross income (including interest earned) of $29,500 or less. You … Continue reading

Posted in 401k, Financial Arsenal, financial directive, Income Tax, IRA, thrift savings plan, tsp | Tagged , , , , , , , | 1 Comment