People over 50 are eligible to make extra contributions to their 403(b) plans. However, some plans even let younger people make extra contributions. Here is everything you need to know regarding eligibility, limits, etc. for making extra contributions to your 403(b).
It seems that in the media, Millennials are constantly getting a bad rap. They are lazy, entitled whiners living in their parents’ basements and sipping expensive coffee.
But we all know Millennials who are nothing like that. Like my son’s kindergarten teacher who spends all day shaping the hearts and minds of 20 little high-energy, snotty-nosed humans, then goes home to take care of her baby and husband (all while pregnant).
Sometimes the only way to reconcile our own experiences with what we hear in the media is with cold, hard facts. This is a money blog, so today we’re going to talk about money. Are Millennials really worse with money than everyone else? Or is that just something that old people say to feel better about themselves?
I was recently at an event for professionals and business owners where we discussed generosity. We watched a video testimony of a woman who God had asked to make some specific changes in her life to set her free. She was a doctor, and she felt led to “work like a doctor and live like a nurse” to free up her income to be more generous. She also felt that God was telling her not to save so much for the future.
In discussing the video at our table, a lot of people were impacted by the very last part, about not working so hard to save. Common knowledge says you should save as much as you can for your future and retirement. Could it be that this isn’t what God wants?
This Valentine’s Day, skip the flowers and chocolate and give your wife what she really wants.
The government provides two different kinds of tax-advantaged college savings vehicles. In this post we discuss their features and how they compare to each other.
Having a baby comes with a lot of responsibility and a long to-do list. Here are the things you should do legally and financially to set yourself up for success once your little one arrives.
If you have a high deductible health plan and are not using a Health Savings Account, you are missing out on some amazing tax benefits and probably wasting money.