A closer look at your paystub

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    A closer look at your paystub

    Break down your payroll and learn the importance of pre-tax savings

    by Massi De Santis, Desmo Wealth Advisors, LLC

    We always talk about how much we make in terms of gross income. But no matter how much we get paid, the amount we actually take home always feels too small. To make the injury worse, payroll companies are giving us indecipherable pay slips and good luck trying to get your payroll department for an explanation. So here’s a breakdown of the most important items on your payroll, from your gross wages to your income to take home. Everyone is different, so small differences may apply to you.

    [Read the Full Article]

    [Video] Study your payroll

    by Michelle Schmalenberger, Financial Design Studio Inc.

    So we all had the joy of opening a payroll, expecting a large amount, and then looking down at the floor and being very disappointed. The goal in this video is to walk you through your payroll, whether this is your first time checking a payroll or whether you have been doing it for years.

    What are you looking for? What are you reviewing? What can you change And what can you automate?

    [Watch the Video]

    What is the FICA tax?

    by Sahil Vakil, MYRA Wealth

    Looking at your paycheck can be frustrating. You know your salary, but when you look at your paycheck it is much lower than expected. What is the FICA tax and why is it coming out of your paycheck?

    We explain the tax to you, why you benefit from it and what to expect below.

    [Read the Full Article]

    Now is a good time to get a paycheck!

    by Massi De Santis, DESMO Wealth Advisors, LLC

    I thought I would never say that, but I think I like that IRS website. Not necessarily the IRS or the tax system we have. Just her side. It has great information about taxes. You can find answers to almost everything tax-related. A very useful tool on their website is theirs Withholding Estimator. If you are a W-2 employee I suggest you use it now to estimate your tax liability and see if you are down with your taxes for the year. Do not wait. A paycheck review can help you see if you are deducting the correct amount of tax from your paycheck. Too little can mean an unexpected tax bill or even a penalty that it is better to avoid. Too much can be a tax refund. While getting a refund can be nice, it also means your paycheck will be smaller than it could be each period. Why not shoot for zero or a small refund and save the money instead?

    [Read the Full Article]


    Following financial advisor blogs is a great way to access valuable, educational information about finance – and it won’t cost you anything! Our financial planners are happy to share their knowledge and help everyone, regardless of age or wealth.



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