The 10 Crucial Mistakes People Make With Their Credit
Your credit score is one of the most important factors used to determine your financial health. It’s important to make sure you’re taking the right steps to build and maintain a good credit score. Unfortunately, many people make mistakes when it comes to their credit that can have a lasting impact on their finances. Understanding […]
Are 401(k) Contributions Subject to FICA Taxes?
A 401(k) plan is a retirement savings plan that gives individuals the opportunity to invest money towards their retirement goals. The main advantage of a 401(k) plan is that it allows individuals to save money for their retirement in a tax-advantaged manner. It’s important to remember, however, that a 401(k) plan does not exempt individuals […]
Gas Savings: How to Save Money on Gas
Gas is an essential part of our daily lives, and the cost of fuel can have a huge impact on our budgets. The good news is that there are a number of measures we can take to try and reduce the amount of gas we consume and save money on gas in the process. Read […]
Up to $26,000: Government Stimulus Credit
The coronavirus pandemic has had a devastating economic impact on the U.S. economy. To help support struggling individuals and families, the federal government created a stimulus credit, known as the $1,200 economic relief payment. This payment is a one-time, direct payment of up to $1,200 per eligible adult and up to $500 for each eligible […]
How to Start Towards Affordable Housing
Affordable housing is an important aspect of modern society, providing crucial support to individuals and families of low income. Due to rising house prices and increasing rents, many individuals struggle to find a home that is both affordable and suitable for their lifestyle. Even those with shelter do not always have the means to secure […]
How to Set up a 401k for Self-Employed People
The concept of a 401k plan is a retirement plan that has been increasingly popular in the past few decades as an effective way to save for retirement. It allows individuals and businesses to set aside a portion of their income for retirement before taxation. This money is then invested and can be accessed after […]
Are 401k plans worth it?
401k plans are a popular way for individuals to save for retirement and are offered by employers as an employee benefit. The Basics of a 401k Plan A 401k plan is an employer sponsored retirement plan in which an employee can contribute a portion of their salary prior to paying taxes on it. Employers can […]
Can a 401K be Garnished for Student Loans, Child Support, or Credit Card Debt?
A 401k is one of the most common retirement plans used by American citizens. That is why it is important for people to understand what can and cannot be done with a 401k, to protect their retirement nest egg. In this article, we’ll discuss if and under what circumstances, a 401K can be garnished for […]
How much self-employment income is taxable
Are you interested in finding out how much of your self-employment income is taxable? If so, then you’ve come to the right place! This article will be discussing how much of your self-employment income is taxable, including exploring the different taxes that you may have to pay. Through this article, we hope that you will […]
Can Self Employed People Get Unemployment Benefits?
Being self-employed can offer some great advantages. You are your own boss, decide your own hours, and reap the rewards of your hard work. But with that independence comes some inherent risks. One such risk involves unemployment or a lack of steady income. In the traditional workforce, there are generally unemployment benefits available for individuals […]