I recently came across an article stating the IRS has concerns that many individuals may not be withholding enough for taxes. While it is important to take an active interest in making sure your withholdings are appropriate, I feel we are focusing on the wrong issue.
On Sunday October 7th, I completed my first full marathon here in Peoria. Before I get into the real story of that day, I need to give you a little background on how this journey began, because that’s exactly what the last three months have been. A journey.
For whatever reason, I’ve found over the years, that many people seem to think their 401(k) retirement plan at work, is free. That they’re not being charged any fee(s) to invest there. Well, if you have a 401(k), or any similar retirement plan at work, I’m not sure if you’re aware or not, but you’re dealing with a for-profit company. Probably more than one, in fact.
Lately, it seems as though, I’ve heard every single financial media buzzword on a daily, no, hourly basis. While each one has definite meaning and significance, the frequency in which they’re used is not only dizzying but aggravating as well. It’s borderline comical how many times I hear these terms.