Author Archives: Rich In The Heart

To curb retirement tax breaks for the rich or not

Here is a CNN Money article that asks if President Obama is trying to curb retirement savings tax breaks for the "rich". I have to agree with the writer when she speaks about the purpose of the myRA accounts that … Continue reading

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The lowdown on MYRA accounts

The current POTUS has signed legislation for "lower income" families to be able to put some of their hard earned money into a new type of account called a MYRA account. The primary goal of the MYRA account is a … Continue reading

Posted in 401k, IRA, MYRA, Retirement Savings, Roth IRA | Tagged , , , | 2 Comments

The Feds increase minimum wage again

It seems that every so often in the current administration, that they keep wanting to increase minimum wage again. This time is no different. I believe that there would be benefits to increasing it, but only if certain conditions would … Continue reading

Posted in Income or Pay, Minimum wage | Tagged | Leave a comment

Net worth as of Dec 2013

Since this is a personal finance site, I figure I should divulge some bits of person financial information such as net worth. This is the first post of my net worth and I will try to post this every quarter … Continue reading

Posted in 401k, Financial Arsenal, financial directive, networth, Retirement Savings, Roth IRA | Tagged , , , , , | Leave a comment

Unemployment extension suggestion

I doubt that any of the legislators will ever read this, but why not set a limitation on the unemployment extension permanently? I was reading this article (http://www.nytimes.com/2014/01/08/us/politics/unemployment-benefits.html), and the following thoughts came to mind. The thought I have would … Continue reading

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Having to adjust for overspending

Prior to Christmas, my wife went out to get a few items for our 4 children for Christmas and because she didn’t have the cash on hand, she found herself having to adjust her own budget to fit within the … Continue reading

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Pullback from the market

It's always a difficult stance to take, whether one should pullback from the market. After all, after the drop in the first quarter of 2013 and subsequent drive up of the market by the end of the year, one could … Continue reading

Posted in 401k, Goals, Growth, IRA, Retirement Savings, Roth IRA | Tagged , , , , , | 1 Comment

Tax year 2014 tax limit guidelines

There are always limits that the IRS places on various items in your financial arsenal, and this post is meant to be a brief summary of the 2014 tax limit guidelines. The list below is only meant to be brief … Continue reading

Posted in 401k, Financial Arsenal, Income or Pay, Income Tax, IRA, Roth IRA, Social Security, Tax guidelines | Tagged , , , , , , , , | 1 Comment

Tax season quickly approaches, have you checked your situation out

Now that we’re winding down the year, it’s getting closer to tax season. So in honor of that upcoming event, I thought I’d write an article regarding your W-4 and whether you may want to adjust it accordingly. That is … Continue reading

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Fill out your W4 Withholding Allowance Certificate

Can you claim more allowances when you fill out your W4 Withholding paperwork than you do on April 15th? The answer is yes. Can that result in an increase in the money you get back during the year? Again the … Continue reading

Posted in financial directive, Income or Pay, Income Tax, Retirement Savings, spending plan | Tagged , , , , , | 3 Comments