Mailbag: What Should I Do With My Raise?

Today, we do one of the things David does best—answer financial questions! No matter where you are in your financial journey, at least one of these listener questions may relate to your life. From end-of-year charitable donations and how they may (or may not) impact your taxes to deciding what to do with a raise, David shares what you need to keep in mind.

 

Here’s some of what we discuss in this episode:

• Mailbag: Do charitable contributions still benefit me from a tax standpoint?
• Mailbag: What should I do with money from my raise- retirement savings or pay down my mortgage?
• Mailbag: Will I have to work forever if I don’t have a million dollars saved?

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.