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,
The whole point of a bucket list is to promise yourself that you will do things you’ve always dreamed of doing, before it’s too late. People reason that if you just make a list and a promise, you can continue putting off pleasure.
Grumpy people are ill-tempered, opinionated, stubborn, probably surly, and highly uncompromising. We think of the stereotypical grumpy old man (or woman) – a curmudgeon. But a curmudgeon is also a maverick – nonconformist, individualistic, and unorthodox. And therein lies the greatness.
Retirement is a game of probabilities – especially early retirement. One of the key risks you face in early retirement is the possibility that your portfolio will run dry. We can plan. We run scenarios, and we try to minimize the risk of failure.
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 realized last week that I did something few people ever get to do. I just moved from one of the more expensive places in the world – California – to one of the cheapest places in the world – a small town in the Bolivian Andes.
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.
The personal finance community loves talking about FIRE – financial Independence (FI) and early retirement (RE). Conventional wisdom is that you can achieve FI with savings and investments worth 25-30 times what you spend each year. For example, a married couple who spends $40,000 per year can thus achieve financial independence with $1M –
Most companies desperately need skilled employees… they just don’t often act like it. Any corporate middle manager worth their salt can testify how much more difficult it is to hire and retain quality employees today than in the past. And yet,
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 –