Tag Archives: social security

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

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

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

Posted in Retirement Savings, Social Security | Tagged , , , | Leave a comment

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

Posted in budgeting, Income Tax, politics, Social Security | Tagged , , , , , | Leave a comment

Validation that you’re heading in the right direction

Some 10 years ago, I can recall using my net worth to verify that we were on the right path with our finances. Back then I included my home appraisal and mortgage debt into that calculation. I think that at … Continue reading

Posted in budget, budgeting, financial directive, Social Security, spending plan | Tagged , , , , , , | 6 Comments