I did a couple hypothetical moves and calculated how much tax I would be paying in each place. Some of the results might surprise you.
You can either fight the tax code or learn it.
It’s easier to learn it.
How to Manage Tax Diversification Like a Boss
If you want to retire with the most money, look at creating different accounts that will give you access to tax-free money, tax-deferred money and some taxable money. This will allow you to draw from all three types of accounts in retirement, keeping your taxable income low and ensuring you pay minimal taxes on your tax-deferred money.Read More
Looking to Outsource?
Sometimes life is too busy and you don’t want to do it all yourself. Over the years, many people have asked me to connect them with the “good guys” in the financial services industry. Below are people and companies that I’ve personally vetted (often meeting them in person). Know that they are paid advertisers on the site but that I routinely recommend them to friends and colleagues and would do so even if they weren’t advertisers.
Earnest combines technology with financial backing from Navient to offer better customer service and good rates.
Student Loan Planner
Many readers have already used Student Loan Planner to help them figure out the optimal repayment strategy for their student loans.
Looking for an insurance agent that won't try to talk you into buying whole life? Pradeep is no frills and no pressure.
Latest posts in Taxes
How Much Did I Pay? 2018 Tax Report
It’s finally here, my 2018 taxes broken down for you. See how my tax report this year stacks up against the one from last year.
More Tax-Protected Space in 2018
Let’s dive into the new tax code and take a look at a few major sections to see what has changed, and maybe what hasn’t.
Are Your Taxes Going Up?
Before this nex tax bill is fully implemented, let’s take a look at some key points and see what they could mean for you in the future.
Charitable Donations For The Win
Many lawyers don’t even realize how many things can be considered charitable donations each year. Don’t miss out an opportunity to cut down your taxes with these tips.
The 529 Hack You’re Not Using
Worried about rising school costs? Check out this 529 loophole to effectively save money on your education.
Getting Married and Taxes
Getting married soon? Congratulations! Now let’s take a look at how this will effect your taxes.
The Roth IRA Conversion Ladder
Worried about accessing your money after you’ve put it away but before you’re ready to retire? Here is one way to circumvent that and put your mind at ease.
Funding a 529 Plan Before Having Kids
As the cost for college continues to skyrocket, don’t wait until your child is thinking about high school to start putting away for their college fund. Here are some reasons why saving in advance will work out to your advantage.