When people talk about savings and expenditures, like “save 20% of your income” or “spend no more than 30% of your income on rent/mortgage,” are they referring to your net or gross income? When you’re ...

Taxpayers with the largest IRAs (and their beneficiaries) will be in higher tax brackets in the future. Doing nothing now is a bad plan. Tax-deferred traditional IRAs will continue to grow, and so ...

Understanding how paycheck deductions work can make it easier to manage finances and ensure the correct amount of take-home pay is received. This is essential for making informed decisions about ...

The bank earned a record pre-tax net income of $904,881 at June 30, 2015, up from $828,592 for the first half of 2014. Net income after tax was $597,381 at June 30, 2015. Freedom Bank earned a pre-tax ...

Is it better to make after-tax Roth 401(k) contributions or save before-tax in a traditional 401(k)? The answer varies depending on the taxpayer. While individuals with higher incomes might not ...