Tag Archive for: money management

There’s Still Time To Max Out 401(k) Contributions For 2024 — But Some Investors Shouldn’t, Experts Say

For 2024, employees can defer up to $23,000 into their 401(k) plans. Experts say, however, even if you can afford to max out your plan, there are three things to consider first.

Average 401(k) Balance by Age In 2024: Benchmarking Your Retirement Savings

A 401(k), 403(b), or other retirement plan is more than a savings account. Retirement savings plans are a wealth-building tool to ensure a comfortable, secure, and stress-free retirement. By understanding how age, income, and gender impact your retirement savings, you can make better-informed decisions that align with your demographic and investment goals.

70% Of Americans Think A Recession Is Coming: Here’s What They Are Doing To Prepare

While experts debate whether a recession will happen or when, most people are already convinced we’re headed for a downturn, a recent survey finds. High inflation is one of the biggest risk factors that make people think an economic decline is coming. For steps you can take to reduce your costs, CLICK ON THE HEADLINE

Florida Passes Student Financial Literacy Bill

The “Dorothy L. Hukill Financial Literacy Act,” was signed into law on March 22 by Gov. Ron DeSantis. The bill equires that high school students take a half-credit personal finance course before graduation. CLICK ON THE HEADLINE FOR MORE

15 Self-Employment Tax Deductions

Finding out you owe $10,000 in taxes instead of $15,000 is a big win, but not if you don't have anywhere close to $10,000 set aside. While self-employment tax deductions can save you money, don't expect them to wipe out your tax bill completely, Once you've made a habit of setting aside money for taxes, you can keep more of it in the bank. CLICK ON THE HEADLINE FOR MORE

Outdated Financial Advice That Needs To Be Retired In 2022, And What To Do Instead

Some financial advice gets repeated constantly, but the times are changing — and so is our approach to money. It's a personal responsibility to really examine how you are spending, saving, and budgeting to stay ahead of the game. With that in mind, here are the rules to drop in 2022. CLICK ON THE HEADLINE FOR MORE