Archive | October, 2011

Making a Budget

30. October 2011

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Making a Budget

What is the best way to start a budget? The first thing that anyone who wants to make a budget must do is to compare their income versus their expenses. The good thing is that it is quite easy to do. It’s too bad most of us never learned this in school and had to […]

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Retirement Savings News: 401K contribution limit raised to $17,000!

24. October 2011

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Retirement Savings News: 401K contribution limit raised to $17,000!

You’ll be able to contribute more tax-free money to your 401(k) next year, the IRS just announced. The contribution limit for employees participating in pension plans including 401(k)s, 403(b)s, most 457 plans and the federal government’s Thrift Savings Plan will be $17,000 for the tax year 2012. That’s $500 higher than the $16,500 limit this […]

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Why Optimism about Retirement Savings is Dangerous

12. October 2011

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Why Optimism about Retirement Savings is Dangerous

While there’s usually nothing wrong (and a lot right!) with having a positive and optimistic outlook on life, when in comes to your personal finances such optimism may not be a great idea. No one knows this better than Wall Street executives. When the top brass fail to deliver the results that they promised — […]

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