Fund Your 401(k) Now!

[Editor’s Note: Today’s post initially released as one of my routine columns at ACEPNow . For those of you brand-new to investing, your company’s 401( k) is the very best method to start conserving for retirement. Here’s how to optimize their advantages and start today!] .Q. I Know I Should Get Started Investing, But I…

401k Contribution Limits for 2021

This year the IRS revealed there will be no modification to the optimum worker 401( k) contribution limitation for 2021, leaving it at $ 19,500, the exact same quantity it was set at for the 2020 tax season. There will likewise be no modification to the optimum permitted catch-up contributions. If you are age 50…

7 Financial Numbers You Should Know

Becoming financially literate means acquiring a very useful body of knowledge. Possessing this body of knowledge is such a rare phenomenon in today’s world that having it, especially when combined with some financial discipline, is like a superpower. When I speak, I frequently demonstrate the importance of financial literacy with a section of the talk…

Dividends are taxed in different ways – here’s how to figure what you owe on your stocks’ payouts

Dividend income is taxable, but the rate varies, depending on how long you've owned the stock shares that pay the dividends. Tempura/Getty Images Dividends from stocks or funds are taxable income, whether you receive them or reinvest them. Qualified dividends are taxed at lower capital gains rates; unqualified dividends as ordinary income. Putting dividend-paying stocks…

Net Worth Report #5 – “Man Alive!”

The post Net Worth Report #5 – “Man Alive!” appeared first on Budgets Are Sexy. “Most millionaires measure their success by their net worth, not by their realized income. For the purposes of wealth building, income doesn’t matter that much. Once you’re in a high-income bracket, say $100,000 or $ 200,000 or more, it matters…