Earning More Does Not Cure All
Wed, 06/22/16 | 5 Comments

If you’ve spent any amount of time reading personal finance advice, you’ve surely come across gurus or opinionated individuals with an unwavering faith in the power of income to cure all financial ills.
“Don’t worry about …

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The myRA Retirement Plan Launch: Everything you Need to Know
November 8, 2015 | 7 Comments
The myRA Retirement Plan Launch: Everything you Need to Know

It’s been over a year and a half since President Obama mentioned a new retirement plan, called myRA (short for “My Retirement Account”) in his State of the Union address. And after some early tests, …

REI Closing Its Doors on Black Friday & Paying Employees
November 2, 2015 | 13 Comments
REI Closing Its Doors on Black Friday & Paying Employees

You guys know how much it fires me up when big corporations do bad stuff that takes advantage of their employees, customers, and society. Cases in point: VW dieselgate.
In recent years, retailers have shown unscrupulous …

Saver’s Tax Credit Qualifications for 2015 and 2016
October 28, 2015 | 20 Comments
Saver’s Tax Credit Qualifications for 2015 and 2016

Free money is great, so this post has been updated for the 2015 and 2016 tax years.
What is the Saver’s Credit?
The Saver’s Credit (aka the ‘retirement savings contribution credit‘) is a lesser known, highly advantageous …

2016 Tax Brackets & Standard Deductions Increased
October 26, 2015 | 4 Comments
2016 Tax Brackets & Standard Deductions Increased

Last week, the IRS released the 2016 tax brackets and standard deduction amounts, and there will be a number of inflation adjustments over the 2015 tax brackets and standard deductions. Granted, the changes are minimal, …

2016 Maximum Traditional & Roth IRA Contribution Limits
October 21, 2015 | 9 Comments
2016 Maximum Traditional & Roth IRA Contribution Limits

2016 Traditional & Roth IRA Maximum Contribution Limits
Unfortunately, 2016 will not bring an increase in the maximum individual retirement account contribution amount. The 2016 maximum IRA contribution limit is still capped at $5,500, the same …

2016 IRS Maximum 401K Contribution Limits Announced
October 21, 2015 | 3 Comments
2016 IRS Maximum 401K Contribution Limits Announced

The 2016 maximum 401K contribution limits set by the IRS have now been officially announced. Sadly, there will be no increase in 2016 as there was with the 2015 maximum 401k contribution limits.
The Maximum 401K …


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