It’s probably not a big surprise that most readers of newspapers–the paper ones–tend to be older than the average citizen. So, it was a surprise when the Daily Herald featured an article today about why taxing retirement income is a … Continue reading
Category Archives: 401(k)
A press release from Congressman Randy Hultgren: Hultgren Supports Bill to Keep Investment Options Open for Americans Ensures Retail Financial Planners Can Provide Full Range of Financial Products to Customers Washington, DC – U.S. Representative Randy Hultgren (IL-14) has cosponsored … Continue reading
There is a gentleman named Mike Laird who often comments on teacher pension issues. He got me thinking about compensation. His basic argument is that when the majority of teachers in Illinois pay nothing or under 2% of the 9.4% … Continue reading
Unless you have participated in the 401(k)-like deferred compensation program run by the Department of Central Management Services, you won’t have seen the following: Let’s see. Social Security tax down by two percentage points for a year. Illinois income tax … Continue reading