Sentences with phrase «dual income couple»

If you are part of a dual income couple that has a debt, first work on paying that down.

If compound interest is the 8th wonder of the world, then I feel that the power of a dual income couple is the 9th.

A dual income couple who is saving 30 % of their income may very well survive one person losing a job with no need to tap savings, and any»em ergency» expense can come from next month's income.

Multiple articles online alludes to this tax penalty, claiming that dual income couple «can, often, may» suffer from it without giving any concrete sense of the magnitude.

«The many provisions of the Internal Revenue Code that create a potential marriage penalty for dual income couples could also create higher taxes for dual income same - sex couples,» Luscombe said.

Not exact matches

This strategy is useful for dual - income couples in which each spouse qualifies for his or her own retired worker benefit, but one spouse must be at least full retirement age, AARP reports.

The savings are almost gone, but her family is still spending like a dual - income couple.

As a dual - income couple we are penalized the most which is outrageous since we are already paying more taxes as W - 2 employees than many small business owners who I know do not claim their full income.

Single - earner couples, so his logic goes, aren't getting a fair shake in being taxed more than their dual - earner couple counterparts with the same total income.

When it comes to gross income, many lenders say it's acceptable today to factor in a second income if you're part of a dual - career couple.

The baby - boomers are themselves far more diverse than the caricatures of Yuppies (young, urban professionals), Grumpies (grim, ruthless, upwardly mobile professionals) and Dinks (dual - income, no - kids couples) would suggest.

What issues should a man deal with as he makes the transition to fatherhood from being a dual income, no kids couple.

Dual - income couples do not necessarily divide up their work in a 50 - 50 way.

Among parents who are married or living with a partner, dual - income couples are the most egalitarian couples, even though they do not divide up their work in a 50 - 50 way.

Washington, DC About Blog Dual Income No Kids Finance Blog is a personal finance blog by and for couples, learn about money, debt, & financial freedom.

As for dual - income couples making good money, to me it's a no - brainer that the TFSA should be maximized each and every year, and managed for maximum (or balanced) growth.

High - earning dual - income couples have no excuse not to do both.

If you have a dual income household, maximizing contributions to a couple of personal IRAs as well as fully funding 401K contributions through your employers» programs can really amount to quite a lot.

It also shows how much dual - income couples would accumulate with an $ 11,000 limit: multiply the above examples by four.

So if you're a first - time home - buyer, a dual - income couple with one spouse who plans to stop working, or someone that is going to buy and rent out part of the home, a 30 - year fixed - rate mortgage could be a good fit for you.

A 15 - year fixed loan may be good for a couple with dual income, since it's usually unlikely that both spouses would lose their jobs at the same time.

Dual - income married couples had little reason to file separately, because the vast majority of them fell in the 1 % range of the tax bracket.

In Iowa, most couples with dual income will benefit by filing as married filing separately.

Consider, for instance, a dual - income couple who keep three months» worth of their living expenses in savings accounts to handle potential emergencies.

Retired actuary Malcolm Hamilton says while Vettese's original article used the word «rich» in the headline, a dual - income Toronto couple making $ 160,000 a year is not much above average.

In reality, US real median income had already peaked in the 80s... Not that many acknowledged such an inconvenient statistic — the money illusion, the increasing prevalence of dual - income households (by necessity), the collapse in the savings rate, coupled with exploding personal debt, and (of course) the housing bubble, helped keep the party going for decades.

That meant high - income earners or dual - income couples were not eligible.

Many states expand the tax brackets for married couples to avoid the «marriage penalty» which otherwise penalizes married couples with dual income by taxing them in the same brackets as single taxpayers.

Best credit card options for DINKs — Are you a DINK couple — dual income, no kids — looking to splurge on travel, shopping or dining out using your credit card?

DINKs — or «dual income, no kids» couples, as these couples are also known — are steadily on the rise in the United States as more Americans choose to delay starting a family or do not have children at all.

In many cases same - sex couples with dual income have a lot on the line!

Whether you are single or a couple, are a one - income or dual income household, this is a lot of money and it doesn't include the cost of college.

Today we're more likely to know families that encompass dual - income households, mom being the primary breadwinner, same - sex couples, and blended families.

Washington, DC About Blog Dual Income No Kids Finance Blog is a personal finance blog by and for couples, learn about money, debt, & financial freedom.

Scholars estimate that no more than 20 percent of dual - income couples share domestic work equally.»

Highlights from the report include the decrease of first - time homebuyers in the housing market, the buying strength of dual - income couples, and the biggest hurdles buyers face in the financing process.

«The continued growth in married couples as single buyers shrink demonstrates that households with dual incomes are more successful in obtaining a mortgage.