What would you do with an extra $1,000?

With The Tax Relief Act of 2010 Employee payroll taxes have been cut from 6.2% to 4.2% for 2011.1 So if you pay into Social Security, you’re looking at a slight increase in your take-home pay. Have you considered what you will do with that extra money? How about directing it into your 401(k) or IRA? That 2% “tax savings” will show up in higher take home pay throughout the course of the year – it … Read More

Should we consolidate our health insurance coverage?

Question: It’s open enrollment season at work and my husband and I are each on our own employer health insurance plan. Should we consolidate our coverage to one plan? Answer: When you and your spouse are making this decision, it may be useful for you to focus on three key areas: the out-of-pocket cost of each plan the levels of service and coverage offered, and the coverage offered to any dependent children, if applicable. … Read More