Great Quote I Heard

I heard a great quote while watching a highly regarded financial person (okay, Suze Orman) talk on a show. Her quote was "Live beneath your means and within your needs." What does this mean to you?

Save Money By Contributing to Your Retirement

Did you know that by contributing to a deferred retirement program (such as a 401K) is saving you money in taxes now? The money comes out of your check pre-tax, and you pay taxes when you begin to make withdrawals during retirement. This reduces your taxable income (consult your tax advisor for confirmation in your situation), meaning if you contribute $100 and are in the 25% tax bracket, you actually only miss $75 on your check. This takes minimal sacrifice to accomplish, so I suggest finding a way to get it done!