Money Management Resources

May 31, 2017

Here is an example of the benefit of saving on a pre-tax basis. Suppose your gross pay (before taxes) is $1,000 per week. You decide you want to save $50 per week, and you’re in a 25% federal tax bracket. If the $50 comes out of your paycheck after taxes have been taken out, you’ll…

May 09, 2017

Many people make mistakes in their retirement planning because they believe in one or more myths about retirement.

April 25, 2017

Retirement sources of income have often been compared to a three-legged stool. The first leg of that stool is Social Security. The second is your employer’s pension plan. And the third is your personal savings. Social Security Social Security was designed to provide a minimum level of support (subsistence level). That is why it’s also…

April 18, 2017

Retirement sources of income have often been compared to a three-legged stool. The first leg of the stool is Social Security. The second leg is your employer's retirement plan. And the third leg is your personal savings. How much you depend on the third leg depends on the strength of the other two. The strength of each leg may change, and then you'll need a new plan of action to reinforce the retirement stool.