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2025 & 2024 Federal Income Tax Brackets: A Side by Side Comparison The IRS released the 2025 Tax Rate Brackets recently, along with the 2025 Standard Deduction amount and a bunch of other details that your tax man might find interesting. I couldn’t find a side-by-side comparison with 2024, so I decided to create one that I could look at, and that will hopefully help you out. The tax rates themselves are unchanged. They remain at 10, 12, 22, 24, 32, 35, and 37 percent. The income you can earn per each bracket has been raised a fairly significant amount, on average a little more than 5.0%. This amount is about on par with inflation, which was 3.2% in 2023 and, so far in 2024, is 2.4%, according to the U.S. Inflation Calculator. Why do tax rates matter? If you are reading this, you probably already know why they matter, but I just thought I’d make sure. These tax rates impact how ...
401a vs 457b: What’s the Difference Between 401(a) and 457(b) Plans? The road to retirement can seem complicated, especially when navigating the multitude of retirement savings options available. For those working in government sectors and certain non-profit organizations, two popular options are the 401(a) and the 457(b) retirement plans. While both are designed to offer tax-advantaged retirement savings, they differ in their features, benefits, and regulations. In this article, we look into understanding these two types of plans — 401(a) and 457(b). We’ll examine their structure, contribution limits, tax implications, and benefits and explore the distinctive features of each. We also touch upon the age-based and special contribution rules and the types of investment products available in a 457(b) plan and discuss various aspects related to withdrawals and distributions from these plans and what happens to your 457(b) plan in the event of leaving your job, divorce, or death. 457(b) Plan vs. 401(a) Plan Comparison Chart In the complex landscape of ...
2019 & 2020 Federal Income Tax Brackets Side by Side Comparison The IRS released the 2020 Tax Rate Brackets. I couldn’t find a side-by-side comparison with 2019, so I decided to create one that I could look at and that will hopefully help you out.
How To Structure Your Day In Retirement For Fulfillment and Balance Retirement offers an exciting phase of life filled with opportunities for leisure, exploration, and personal growth. It's a time to engage in hobbies, travel, spend time with loved ones, and even pursue new interests. However, moving from a structured working schedule to the open expanse of retirement can sometimes feel disorienting. You may wonder, "How should I structure my day now that I'm retired?" In retirement, you should structure your day around a balanced routine that includes regular physical activity, mental stimulation, hobbies, social interaction, relaxation, and self-care, ensuring it aligns with your personal interests and health requirements. Modify your routine as your interests and needs change over time. Maintain flexibility and openness for spontaneity and new experiences. In this article, we offer a guide to help you shape your day during retirement. We understand that everyone's ideal retirement will look different, and this guide isn't about creating a rigid ...
The Trinity Study 2018 Compared to FireCalc A look at the data presented in the latest Trinity Study update verses the data presented by FireCalc. Who will be the winner?