Why Even High-Income Earners Are Not That Far From The Edge of Poverty

Despite earning more than $100,000 in household income many people still feel that they are living month-to-month and that a loss of employment or sudden medical emergency could easily move them from upper middle class to low income earners. This feeling of being on the “edge” of poverty, despite these …

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The Best Retirement Plans for Young Workers And How Much You Should Be Contributing

It’s not breaking news that you should be saving for retirement. Most employed people understand this fact, so hopefully, you are setting some cash aside for your golden years despite your day to day living expenses. The tricky part of retirement financial planning is figuring out how much you should …

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2021 to 2022 SEP IRA Contribution Limits and Eligibility Rules Including Same Year 401K and IRA Contributions

[Updated for current year limits] A year or so after starting my small business and completing my first annual tax return that showed a slight profit, my accountant advised that I start looking into a retirement account/plan for my business in order to lower my overall tax bill and also …

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