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 Message 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Content Paying Tax Later Doesn't Always Mean Paying Less 401(k) savings are taxed as ordinary income when funds are withdrawn. How to Invest in LGBTQ+ Friendly Companies This article allows those who support LGBTQ+ interests to explore the possibilities of Socially Responsible Investing. U.S. Personal Savings Rate What can be learned from the savings rate?