Tag Archives: Income

Median income, a false statement perhaps

I think that the statement that one is above or below the median income, can be a very deceiving way to view things. It is one measure – no doubt a good comparison like the traditional thought of tax paid … Continue reading

Posted in budget, economics, Income Tax | 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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Are we a nation of overworked people

After reading this article, I have to disagree and state that I don’t believe that we are a nation of overworked people. The reason that I say this is because I do know that most people that have raised themselves … Continue reading

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Reason for being in the market

What is the single most important item you should consider when making any stock/fund purchase if you are “in the market”? It is simply to understand what is the reason for being in the market. There can be many different … Continue reading

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Best way to spend your paycheck

People that have broached this subject well before I was even born learned that the best way to spend your paycheck is on your future self. keep in mind that this is by no means the only way to spend … Continue reading

Posted in 401k, budget, budgeting, financial directive, Retirement Savings, Roth IRA | Tagged , , , , , , , | 2 Comments

Presidential declaration for financial literacy month

According to this press release, President Obama has declared April to be “National Financial Literacy Month”. I for on applaud the desires of the President to have citizens of the U.S. to become financially literate, and no longer choose to … Continue reading

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How to use Finance101 compounding calculator

This is a “How To” for how to use and understand what the Finance101 compounding calculator is doing. A few upfront definitions: Contribution – the amount of money that YOU put into an account. You can also consider the portion … Continue reading

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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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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