If you haven’t already, it’s back to work! It was such a great and enjoyable break. Sometimes I think having a week off is worse than having one day off because you get far too comfortable waking up at your leisure, reading a book, drinking coffee, etc. If that wasn’t bad enough, it gets worse: Your paycheck is lower! That’s right - the take-home from your paycheck is going to be lower because as part of the Fiscal Cliff, the payroll-tax cut didn’t get extended. That means the Social Security deduction for your Federal taxes went back to 6.2% from 4.2%. It was a nice two years at the lower rate, but it was always just a temporary band-aid as part of the Stimulus. Now it’s back to reality! … [Read more...] about Welcome Back to Work – Did You Notice Your Paycheck is Lower?
Archives for January 2013
Our Long Term Financial Goals and How We’ll Meet Them in the New Year
Happy New Year everyone! I hope everyone is safe and having a smooth transition into this new start. It seems this event is always marked with a great deal of optimism because people feel like they have a symbolic marker from which they can wipe the slate clean and start out fresh. It might be eating habits; it might be quitting your bad vices. For me, it always marks a time to re-evaluate our long term financial goals and see if our actions will get us to where we want to be. … [Read more...] about Our Long Term Financial Goals and How We’ll Meet Them in the New Year