May 25, 2022
Are 401(k) Contributions Tax Deductible?
Contributions to qualified retirement plans, such as traditional 401(k)s, tax-deductibletible. However, you don't have to report them on your tax return, as your employer will have already lowered your taxable income by the amount of your contributions. Traditional 401(k) contributions are made on a pre-tax basis, which …
Are You Maximizing Your Tax-Exempt Bucket?
Paying state and federal taxes is part of life. Yet, of course, we all want to keep hold of as much of our income as possible too. That’s where what I …
Non-Traditional Ways to Finance Your Small Business
Finances are a great determinant of the success of your business. With sufficient funds, you can develop your business and generate the profits you …
Finance Monthly
Smart Companies Will Increase Workers’ Compensation Due to Inflation
We're in a precarious situation. Rapidly rising inflation, at a 41-year historic high, is causing concern for workers. The U.S. is still experiencing …
COVID’s Financial Toll Isn’t What You Think
Just a few years ago, Rose retired with a decent-sized 401(k). With some careful budgeting and a part-time job, her retirement finances were on track …
Countries with the Highest Single and Family Income Tax Rates
If you could live anywhere in the world, wouldn't you want to know the potential income taxes before moving and how that compared to the U.S. tax …
The 401(k) Savings Rate Just Hit an All-Time High
Despite the stock market's rocky performance so far in 2022, retirement savers are remaining surprisingly resilient and stowing away a record …
Americans Are More Stressed About Money Than Ever
Americans are more stressed about money than they've ever been, according to the American Psychological Association's latest Stress In America …
"Where is that retirement income stream I keep hearing about?"
Copyright © Randy Glasbergen
Constitutional Convention Convenes
What Year
With George Washington presiding, the Constitutional Convention formally convenes. The process began with the proposal of James Madison's Virginia Plan.
The day was May 25. What year was it?
Quote of the Week
"Every time you borrow money, you're robbing your future self."
Nathan W. Morris
What fraction of coins produced by the U.S. Mint are pennies?
See the answer below.

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