What Are They? At the risk of sounding a little redundant: Join me for a deeper dive into the mechanics and logistics of the Roth versus traditional retirement account debate! First of all, it is important to know that the terms…
Working Until You Stop or Drop Not that long ago, the average life expectancy was considerably shorter than it is today. People worked until they died or became too ill to continue working (at which point they’d be cared for…
Despite my income putting me in the 22% tax bracket for the 2019 year, my effective tax rate was only 11.4% – essentially half of the marginal tax rate! Maybe this already makes sense to you. However, there definitely seems…
The U.S. government expects you to contribute a certain amount of money each year, which is referred to as your “tax liability.” What do they want from me? For the average person, your taxable liability will be determined based on…