Sentences with phrase «covered by your paycheck»
Despite the fact that you'll not be using your home or car as collateral, the company is covered by your paycheck.
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Financial independence for me means that I am not depending on a monthly paycheck and that my monthly expenses are covered by passive income (in my case dividend income as I have not found any other investment possibilities so far).
And the dues are augmented by dollars deducted from the paychecks of nonmembers as a result of state laws that allow unions to collect funds from all teachers covered by the contract.
In addition to the size of your paycheck, traditional IRA deductibility takes into account tax filing status and whether you and / or your spouse are covered by an employer's retirement plan.
According to a recent survey, the biggest retirement fears (by a sizeable margin) relate to being able to financially cover your expenses once the paychecks stop flowing.
If you are eligible for an employer pension and your earnings aren't covered by Social Security — meaning you do not pay Social Security taxes and have them withheld from your paycheck — your Social Security benefit (if any) will be reduced.
Self - employment taxes cover Medicare and Social Security taxes, which the majority of wage earners have automatically deducted from their paychecks by employers.