Widow’s Penalty: Increased Taxes after Loss of a Spouse What is the widow’s penalty? What happens at the death of the first spouse? After the emotions, there are also tax and financial implications: The Widow’s Penalty. Also known as the […]
A Step-by-Step Guide to the Mega Backdoor Roth The Mega Backdoor Roth is an excellent way for high-income earners to tuck away a ton of Roth money for retirement. There are a couple of things you need: High Income a […]
Velocity Banking Calculator Does mortgage acceleration work? How can you more efficiently use your paycheck to accelerate your mortgage payoff? Use “offset accounting” to make interest while offsetting or reducing the balance of another account. So, for instance, you have […]
Merton, SeLFIES, and Target Retirement Solutions Merton is a smart guy. He started publishing on lifecycle investing in 1969. He won a Nobel for valuing derivatives. Like most academics, he looks at the retirement problem differently than us in […]
Tax Gain Harvesting Should you Tax Gain Harvest? Maybe! Let’s explore if you can and how to harvest capital gains and determine if it is worth the hassle. When is Tax Gain harvesting right for you? Can You Harvest Gains? […]
Upstream Gifting and Gifting Gains What is upstream gifting? What if you gift your elderly parent an asset with massive capital gains? What if they hold it until they get the step-up in basis at death, and then you inherit […]
Planning for a SEPP 72(t) and FIRE Learning about a SEPP 72(t) is a rite of passage on the journey to FIRE. Do you need a SEPP 72(t)? How can you model one? Or, wait, should I build a 5-year […]
Cash-out a 401k for real estate investors Have you thought about cashing out a 401k to invest in real estate? Real Estate Investors invest in real assets rather than retirement accounts. Investors with significant qualified retirement accounts discuss cashing out […]
Estate Planning for Doctors While often neglected, an optimized estate plan is vital to your legacy. The need to protect your assets never goes away, though you often don’t have much initially. As you age, assets increase; legacy and the […]