Internal Revenue Service (IRS) rules require companies with 401(k) retirement plans to identify highly compensated employees (HCEs). An HCE, according to the IRS, passes either an ownership test or a compensation test. Someone owning more than 5% of the company would qualify as an HCE, as would someone who was compensated more than $135,000 for […]
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When my husband proposed to me on July 10th, 2005, I was ecstatic. In fact, I’m pretty sure I screeched “Yeeeeeeeeessssssssssssssssssssssssss” before he could even pull the ring out of his pocket.
Our plan was to move into the little apartment above his work — it was part of his compensation package — then get married the following summer. Unfortunately (fortunately?), a few of the older ladies in the company didn’t like the idea of an unmarried couple living together, and they ended up changing the terms so we couldn’t both live there until we were married.
I was crushed … until, of course, my mom suggested something novel. “Get married this winter,” she said. “Why not?”
There are many ways for Black women to invest to build wealth for their families, and choosing one can be challenging. In this podcast, we explore the options.
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Are you looking for tips on how to save money fast? If so, you’ve come to the right place! Learning to save money, especially finding ways to do it quickly, is something that can benefit everyone. There are many reasons for why you might want to start saving money fast. Perhaps there is suddenly an […]
The post How To Save Money Fast appeared first on Making Sense Of Cents.
When I was growing up, back-to-school shopping equated to a few pairs of clothes, a handful of college-ruled notebooks, and a new backpack. (Note: These was during the age of dial-up internet and when kids had to call landlines to chat with their friends.) These days, school essentials might also mean pricey electronic essentials such
The post How to Create a Budget for Back-to-School appeared first on MintLife Blog.
Yahoo! Finance had an article the other day talking about how 25% of Americans expect to retire at the age of 80. This age is 2 years longer than the average U.S. life expectancy. 80 years old just sounds crazy to me, but I know this is what many people have to do now due […]
The post When do you think you’ll retire? appeared first on Making Sense Of Cents.
Are you looking for a fun and easy way to save money? If so, you’re in luck! I created the ultimate biweekly…
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