employees deduct 4.2 percent of their paycheck to go toward Social Security. They also deduct 1.45 percent for Medicare. However, employers are at least matching your deduction. For Social Security, employers must contribute 6.2 percent of an employee’s paycheck as of 2011, bringing the combined...
It isn’t illegal to fire employees because they asked for a raise, but it would reflect poorly on the employer that did it. Especially given the existence of websites that allow employees to share information about employers, it is a risk that most companies wouldn’t want to take. If y...
The finance and investment industry is definitely the industry with the most millionaires and UHNW people. Roughly 14% of all UHNW individuals engage in it as their primary industry. Industrial conglomerates come in second, with 9.1%, and they’re closely followed by the business and customer ser...
fixed-rate mortgage … Now, you can probably qualify for a much larger loan than what 25% of your take-home pay would give you. But it’s really not wise to spend more on a house because then you will be what I call “house poor.” Too much of ...