Now that we have a final version of the 2017 GOP tax bill, it’s time to talk for reals about the impacts on FIRE (financial independence and early retirement). After the final tweaks to the bill were done in the House-Senate reconciliation process,
IMO, becoming a digital nomad is the holy grail of the modern work environment. If you can design a way to work remotely, over the internet, independent of your location, then the world truly can become your playground. You can live in a beautiful place,
Happy Monday, folks! Last week, the Senate released it’s version of tax reform. If you want to read about all the differences from the previously released House tax plan, you can go here. There are a couple of items in the Senate tax plan that I want to highlight,
It’s finally open season on the U.S. health insurance exchanges. I’ve been looking forward to it for months! Most people think of U.S. health insurance as horribly expensive, unwieldy, and unjustifiably bureaucratic. And it is! But, there are some tremendous tax advantages built into the system that most folks aren’t even aware of,
House Republicans released their new tax proposal a few days ago, with the intention of getting a bill passed before the end of the year. Changes will still inevitably occur before any bill becomes finalized into law, but we can look at the impact of the current proposal on retirement in general,
Any time major tax changes are put on the table, I get that feeling like a kid on Christmas Day: giddy, excited, even a little wondrous. What will I find when I unwrap the package? What possible new tax strategies will arise?
I’ve seen them in every company I’ve worked: engineers in their 50s, ready to retire by every possible measurement, but with a kid (or two) in college. They’ve worked for decades in Silicon Valley, and they are, now, officially, old-timers.
Have you ever wanted to travel the world for a year? Well, if you do, you can take advantage of some really big foreign tax benefits. U.S. citizens are taxed on their worldwide income. However, if you are overseas for a year or longer,
What’s the hands-down easiest way for the 99% to build wealth? Answer: index investing in tax-advantaged retirement accounts like IRAs and 401ks. The more you can contribute into your retirement accounts, the better. The benefits are truly astounding –
Think college is too expensive? Perhaps you’re not paying attention. No doubt, the sticker price of college is out of control. But, the people who pay full price must apparently enjoy watching money burn. With a little financial planning,
Paying as little taxes as legally possible is as American as Moms, Guns, and Apple Pies. If you follow this blog, you know that one of the easiest and best ways to reduce your taxes both now and in the future is to contribute as much as you possibly can to retirement accounts like 401ks,
Are you an early retiree, or perhaps a dreamer, counting down the days until you call it quits? Just save 25x your annual expenses, and you should be good, right? But what if you develop a chronic medical problem that blows a massive hole in your early retirement spending?