Yet somehow I can invest 4-5k a month and have a large reserve fund,and my coworker is living paycheck to paycheck. I agree that this is a good way to measure the ratio between these two purchases (you shouldn’t drive a Bentley and live in a one bedroom apartment), but it’s not...
Typically, your MAGI (modified adjusted gross income) and AGI (adjusted gross income) are close in value to one another. However, the small adjustments that tweak your AGI into your MAGI could have an important bearing on your overall tax return. Do you pay taxes on AGI o...
So far this year my 457B + HDHP HSA are almost 35% of my pre-tax income (not including my savings of $100/paycheck). That makes me feel good, however I just recently backed down my 457b contributions from $200/paycheck to $50/paycheck b/c it was getting uncomfortable for us. Rep...
A finance calculator or software product like Excel can make these calculations much easier. However, it's important to see the math behind discounting free cash flows so that you truly understand the mechanics of what's happening when dollars are discounted back to the present. ...