10 Steps To Boost Your 401(k) Balance The maximum amount an individual can save in a 401(k) for 2014 is $17,500 a year, or $23,000 if you're 50 or older. If that's attainable, go for it. If it sounds like a long shot, consider these smaller moves that can help get you to a bigger 401(k) balance.
How Will Net Neutrality Affect Consumers? The laws that regulate industry structure – how much control rests in the hands of rivals -- and corporate conduct – the way rivals battle for share -- can be boiled down to one idea: competition is good for consumers and small companies.
There's no question more fundamental to personal finance than how much money we should save. Our savings rate is the cornerstone of virtually every other decision about money we make. It affects everything from buying a home to saving for emergencies to retirement. Yet the guidance on this important topic is less
Senate Report Blames Tax Professionals For Inequities In The Tax Code; Is Completely Insane Yesterday, the Senate Finance Committee held a hearing on "Fairness in Taxation." In doing so, the Committee took a hard look at a tax law that currently provides for seven different tax rates on ordinary income and six more on long-term capital gains, that is replete with special interest deductions, preferences, and exemptions, that is written in an unintelligible tangle of limitations, exceptions, and exceptions to exceptions, and then, in both verbal and written testimony, the Committee placed the blame for this confusing, complex morass and the abuses resulting from its construction on.....me.
Obama Launches Attack On Successful Savers President Obama's 2016 proposed budget claims, among other goals, to help cut "inefficient spending", reform the "broken tax code", and to "make sure everyone pays their fair share". These goals sound like really noble objectives - I'm all about limiting the size of government by cutting spending, revoking/refining the tax code, and I certainly don't mind paying my fair share as long as it's being used wisely - unfortunately the President's proposed budget falls woefully short and may actually do more harm than good when it comes to saving for retirement.
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