In the realm of personal finance, disposable income refers to all of an individual’s income that is left over after taxes and other mandatory payments are accounted for. In other words, it is a person ...

Discretionary income is the amount of money left over after an individual or household has paid for their necessary expenses, like rent, food, and bills. This money can be used for leisure activities, ...

Your taxable income is your federal tax liability based on both earned and unearned income received during the tax year. An individual’s taxable income is the amount of money they’ve received over the ...

What Is Guaranteed Retirement Income? Guaranteed retirement income refers to the steady stream of money an individual receives after retiring, which is not affected by market conditions. This type of ...

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

Individual retirement accounts are special financial accounts designed to help people save for retirement. Between their tax-advantaged characteristics and their access to a wide range of investments, ...