It seems designed to be as confusing as possible. Yeah, I’m talking about the U.S. tax code, with its 10,000+ sections, and 6,980 pages. Adding all the regulations, interpretations, and official tax-law guidance, you get to ~75,000 pages! But do you know what that means? Nearly endless opportunities to reduce your taxes, and some can […]
All right, let’s be honest personal finance can get complicated fast, and retirement planning is only one aspect. The question that we are going to answer in a moment is, can you have more than one Roth IRA? For those unfamiliar with what a Roth IRA is we’ll get more into details later, but essentially […]
Studies show that women have better investing outcomes than men, despite claiming less knowledge and confidence, which I find fascinating. These stats also make me feel quite smug about the countless conversations I’ve had with men who just can’t help but monkey around with their investments, thinking they can time the market and get out […]
Today, I’m going to answer the question, “Can I buy I bonds on an H-1B visa or another work visa? To clarify, I’m going to discuss the Series I Savings Bonds, which are commonly known as the I bonds. These are not to be confused with the Series EE savings bonds. A post for another day. Over […]
Home country bias is the phenomenon of investors overweighting their portfolio to stocks from their home country and ignoring international stocks. When you think of investing in the stock market, where do you envision the companies you invest in are located? If you’re like most investors, the answer would be whatever country you live in. […]
People love picking individual stocks. Despite the mountain of evidence that suggests that doing so is, at best, not likely to be profitable and, at worst, a reckless use of your hard-earned money. In this article, I’m going to discuss the myth of the stock picker, the evidence that’s against stock picking, and list three […]
Your lifetime income projection estimates how much you can likely receive by converting your 401k plan savings to a stream of monthly checks. The SECURE Act offers useful information, but only if you can understand it. If you’re an American worker who hasn’t been living under a rock since you started earning a paycheck, you […]
Whether you are planning for early retirement or traditional retirement in your late 50s or 60s, you will need to answer two critical questions: How Much Money Do I Need to Retire? The critical question that will determine how much you need to retire is how much you’ll plan on spending in retirement. Most people […]
While tax-advantaged retirement accounts are often a great choice, there are several situations when a taxable account may better serve you. Are tax-advantaged accounts good or bad for retirement investing? For most of us, the answer is that they’re good, up to a point. For example, if you’re earning a lot more now than you […]