Many company retirement plans offer a 401K match, and allow employees to contribute anywhere from 1% of their pay up to 75% of their pay. The match is given every week that the employee contributes. There are two ways to miss out on the company 401K match, by not contributing …
It seems that many advisers are questioning if $1 million is enough money for a comfortable retirement. At the same time, they keep selling the “necessity” of having 75-85% of your current income to retire. I think that both of these notions are incorrect for most people. For someone earning $100,000 …
If an employer provides an HSA and the employee contributes to the HSA through payroll deduction, then in addition to HSA contributions being tax deductible for federal income tax purposes (and most state income tax purposes), the contributions are also deductible from payroll taxes, Social Security and Medicare. Currently Social …
When I was a teenager I needed a job while still in high school. I applied at the local KFC first because they had a help wanted sign out front. They hired me and I ended up working there for almost three years. While this was a minimum wage job, …