You Should Understand Your Largest Asset: Social Security Hi Friendos, The very first article I wrote for this website was called “You Should Understand Your Largest Expense.” I asserted that most people think their largest expense is housing, but in fact it is usually taxes. Well, it turns out that most Americans think their largest […]
Hi Friendos, I hope you are enjoying a wonderful holiday weekend. Last week I wrote about an article co-authored by Alicia Munnell, “The Case for Using Subsidies for Retirement Plans to Fix Social Security.” Part of what the authors do is consider changes to the current rules around tax-advantaged retirement accounts, such as 401ks, and […]
Hi Friendos, Today I am here to bring you: Five Common Myths About Taxes. These are the most common misconceptions I’ve encountered about the U.S. tax system. Got others? Please share them with me! I think we should have some required education on taxes in all high schools. People need to know this stuff! Myth […]
Hi Friendos, While my city is trying to dry out this weekend, it feels like the perfect time to wade into tax brackets. We talked about these a bit during Summer School, but today I want to go a bit deeper. If you have any control over when you receive your income, understanding tax brackets […]
Frequently Taxed Questions 