Change Counts

Ever heard of it? Maybe you have if you have a Christian background. If not, I will tell you about it. I am a Christian. As a Christian, I believe that God owns it all, and we have things to use here by His will. When we die, it is all not ours anymore. But on to what the 10-10-80 plan is. Simply it is this. Give God 10% of all your earnings ( yes , before taxes). Give yourself 10% as a savings/investing thing, and live on the the rest of it. If you are not doing this now, you might be thinking it is not possible, or not for you in your situation, but if you are a Christian, I believe God is very clear about the first 10%. I know there are various opinions about that, and I won’t debate that today, but maybe some other time.

Tags: advice by Mack
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Important Facts About the Roth IRA

1. Contributions are made only on a non-deductible basis – the tax benefit is realized when funds are withdrawn because you pay no taxes on earnings. Great news!

2. Contribution limits are adjusted annually as follows:

3. The Roth IRA is only available to those whose income is below a certain level:

— Single filers with an income of up to $99,000 qualify for a full contribution; incomes of between $99,000-$114,000 qualify for partial contribution.

— Joint filers with an income of up to $156,000 qualify for a full contribution; incomes of between $156,000-$166,000 qualify for partial contribution.

Tags: advice by Mack
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