Frog's House of Infinite Wisdom

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Friday, October 18, 2002

Clark Howard -- My Best Friend

Clark Howard is a cheap guy's best friend. He's a radio talk show host whose focus is on consumer protection and personal finance management. He's great. He always helps people figure out how to get their bills back on track and gives great advice. One thing he brought up today is a special portion of the Tax Relief Act of 2001 that allows for tax credit for lower income individuals and families that decide to invest... to the tune of 50% of the investment amount. So if I understand this correctly, if you invest money in a 401k or 403b you can received a tax benefit of up to half of the amount you put into that plan. That's amazing... and not a lot of people know about it. Click here to read about it!

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