Payroll deductions made before taxes are taken out (aka pre-tax deductions) have the advantage of reducing your taxable income, while those made after taxes (aka post-tax deductions) don't. Post-tax deductions, though, may still have other advantages. Mandatory Deductions Taxes Perhaps the ...
Republicans may be planning to slash the amount of pre-tax cash you can put in your 401K — and millennials could actually benefitLauren Lyons Cole
First, let’s look at it from a mathematical perspective. Essentially, paying off our mortgage, that has a 5% fixed interest rate, is the same as earning 5% in an investment account. (There are a lot of tax considerations that can make this more complex like tax brackets, tax deductions,...
As unromantic as our agreement may seem, we think it’s far romantic than our other option: Keep working to allow the possibility of splitting up in the future. Because if we didn’t have this agreement — fundamentally an agreement that we won’t get divorced after we pull the plug on ...