Archive for October, 2008
MYM Mailbag # 3
Do you have any questions you would like MYM to answer? leave a comment or send us an email.
I participate in my companies 401(k) and I am confused if I will pay taxes on the entire amount I withdrawal when I retire, or just the earnings? – Jason
The entire amount, including earnings, will be [...]
The Tax System - Explained With Beer
From an email-
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh [...]
Purchase Airline Traveler Vouchers to Save On Flights
Remember when airline tickets went up because the price of gas was around $4.00/gallon? Well, yesterday I filled up for $2.58/gallon, but yet airline prices still remain sky high. But don’t worry, we have your back, consider purchasing other customers travel vouchers to save on your next flight.
If you have ever been bumped or delayed, [...]
10 Steps to Retire a Millionaire
We have talked about this before numerous times and it seems as though Investopedia has made their own list, very similarly to ours. Its a decent list of steps to take, and we appreciate the fact that they focus on the end objective being retirement not buying something superfluous.
1. Set the Goal
Nobody plans to fail, [...]
Stop Paying Taxes on Work Bonuses—Legally
Christmas is around the corner and for many, this means it’s time for the annual work bonus. If you work for a publicly traded company, I hope your bonus is not tied to your stock price, or you might owe your company! What is the best way to handle a bonus? Save it? Blow it? [...]
