Category Archives: Income Tax

Income tax related posts

Effect of the President’s budget regarding retirement accounts

In this article: What’s in Obama’s Budget, it mentions the President’s budget would impose new limit on tax-deferred retirement accounts, while it may not seem that damaging, how would you feel if you’ve saved all that you can to build … Continue reading

Posted in 401k, Income Tax, IRA, Retirement Savings, Roth IRA | 1 Comment

Choosing a Roth IRA or 401k for investment purposes Part 2

This is part 2 of a two-part series for choosing a Roth IRA or 401k for investment purposes. Part 1 is available here. This part uses math to reason out why we would want to choose a Roth as the … Continue reading

Posted in 401k, financial directive, Income or Pay, Income Tax, IRA, Retirement Savings, Roth IRA, Social Security | Tagged , , , , , , | 11 Comments

The Finance101 calculator

I wrote the Finance101 calculator back in 2005 and updated it several times since then. I can/will fix the minor problems but only if people request the updates or additional features. I’m also providing this program free of charge, but … Continue reading

Posted in budget, budgeting, financial directive, Income Tax, spending plan | Tagged , , , | 8 Comments

Refinance revisited

I was contacted by a few companies about refinancing, which cause us to go into refinance revisited mode. It appears that we can still get a rate of 3.125% for a 15 year fixed for the remaining balance with very … Continue reading

Posted in budget, budgeting, Income Tax, spending plan | 3 Comments

Social Security limitations

Well, according to this link, the maximum benefits a married couple can get appear to be $2,533 + $1,266.50 or $3,799.50/month. $45,594/yr for a married couple sounds pretty sweet. Now, how to get to that level while working within the … Continue reading

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Early 2012 tax filing checkup

Does anybody else do this? I know that I usually start roughly a month before the end of the year so that I can adjust it a little to make sure that I owe nothing because I keep my W-4 … Continue reading

Posted in 401k, Income or Pay, Income Tax, Retirement Savings | Tagged , , , , | 2 Comments

Economic predictions for 2013

Since this is a PF (Personal Finance) type blog, I thought I’d make my own 2013 predictions. I started this blog toward the end of 2012 and it seemed rather silly to bother making predictions since most of the year … Continue reading

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Work overtime if possible, and is it worth it to max 401k

As I was examining my most recent paycheck, I noticed a peculiar thing. I currently have 10% of my pay taken out pre-tax for my 401k at work. I am lucky enough to get a dollar for dollar match up … Continue reading

Posted in 401k, budget, budgeting, Income Tax, Retirement Savings | Tagged , , , , , , | 4 Comments

Budget and spending for a nation

Well, the White House has released it’s estimated budget here. I’d like to take note on a couple of things on page 6 (S-4 Table): Social security spending – $773B, is higher than defense spending – $709B Defense and non-Defense … Continue reading

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Black Friday is coming … R U ready?

I know that my DW and I rarely (as in maybe 2 times) went out on “Black Friday”. However, we do that more so because we don’t want to deal with the craziness that goes on. You know the stampeded … Continue reading

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