You could start by hiring part-time employees to keep your costs down, maintain flexibility, and make sure you have additional staff only when you need it (e.g., during business seasons). But hiring part-time employees can lead to inconsistency and a higher turnover rate, as well as ...
If your company sponsors an HSA, see if it contributes a set amount or matches employee contributions. Keep in mind that any employer contributions count toward the IRS' maximum annual limits. Some employers also offerflexible spending accounts (FSA), which are similar to HSAs in that they red...
Learn how to fill out your W-4 to get more money on your paycheck. Follow our simple guide to adjust your withholdings, so you can increase your take-home pay each month instead of waiting for a tax refund.
Retirement is just around the corner for Gen X. Here’s what they need to know. Maryalene LaPonsieJan. 9, 2025 Preparing to Retire in 2026 Managing taxes and staying ahead of inflation are among top concerns for soon-to-be retirees. ...
Note that it may be a while before your business begins to turn a profit, so set sensible goals for your business. Conduct a break-even analysis A break-even analysis is one tool you can use to know how much cash you’ll need to make to offset your costs, thus breaking even. The ...
With aRoth IRA, on the other hand, you invest after-tax income and then the money grows tax-free and is not taxed upon withdrawal. There are alsospecialized retirement accounts for self-employed workers. The IRS limits the amount you can add to each of these accounts annually, so be sure...
IRAs are particularly valuable tools for the 33 percent of private industry workers in the U.S. who do not have access to a workplace-based retirement plan such as a 401(k) plan. Too often, that lack of a401(k)from an employer means that people don’t save for retirement, but IRAs...
Rates are trending slightly upward, but still down from highs in 2022. Emily ShermanJan. 16, 2025 Are You Getting a $1,400 IRS Check? Paying down debt, starting or supplementing an emergency fund and using a little for fun are great ways to manage the government stimulus check. ...
Part of the Series Roth IRA: What It Is and How to Open One What Is a Roth IRA? A Roth IRA is a type of tax-advantagedindividual retirement accountto which you can contribute after-tax dollars toward your retirement. Known as an individual retirement arrangement by the IRS, the primary...
While this budget flexibility is nice, it also means you need to plan properly.4If you pay too little premium in the early years, your policy could run short of cash value to cover the insurance costs. Then you would need to pay much higher premiums or you'd risk losing coverage. Aun...