The Richest Man in Babylon In good times and bad, consistently saving a percentage of your income is a sound financial practice. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Paying Tax Later Doesn't Always Mean Paying Less 401(k) savings are taxed as ordinary income when funds are withdrawn. Paying Off a Credit Card Enter various payment options and determine how long it may take to pay off a credit card. Financial Confidence: The Gift that Keeps on Giving Gift-giving is an important and cherished part of the holiday season for people around the world.