variable income

Saving for Retirement (and Other Long-Term Goals) on a Variable Income

Posted August 11, 2009 - 06:00 by Nora Dunn

Entrepreneurship, Investment

retirement life

A variable income coupled with fixed expenses is tricky to manage. In this article you will find a five-step strategy that allows you to save effectively for retirement, take advantage of automatic savings and dollar cost averaging, all the while not over-taxing your bank account on lower-income months.

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Taxes on irregular income

Posted March 25, 2008 - 04:47 by Philip Brewer

Taxes

Kneeling llama

This is really a non-issue, if you work a regular job:  Your employer withholds taxes.  It's also not much of an issue if you're self-employed and your income is reasonably steady through the course of the year:  You estimate your annual tax bill and send in quarterly estimated tax payments.  If your income is unpredictable, though, it is an issue.  Happily, the IRS does not demand that you be able to predict the future.

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