Since our U.S. economy more dependent on our own spending, what's the balance between saving and spending and how fast our economy recovers (or grows)?
Click here for a recent USNews article on Yahoo! Finance.
There are also discussions about whether you can also save too much for retirement. For example, if you maximize your yearly contributions for retirement plans such as 401(k), 403(b), and 457 plans, would you end up with so much money that when you start making mandatory withdrawals, you may end up hitting the top Federal + State income tax brackets?
The other side note is (like I always say) that it's nice to pay taxes, because that means that you earned/made money. The more taxes you pay, the money you earned/made.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment