A five million dollar house is big bucks in every single city in America. Once you cross the $5 million mark, it is classified in the luxury territory, even for cities such as San Francisco and New York. Therefore, I thought it would be fun to calculate the minimum income necessary to own a five Read More... The post The Minimum Income Necessary...
Unfortunately, a new COVID variant, known as B.1.1.529 has been detected in small numbers in South Africa, WHO officials said. Supposedly, the new variant contains more than 30 mutations to the spike protein, the component of the virus that binds to cells. Given the discovery of the new COVID variant, major stock indices are selling Read More... The post The New COVID Variant...
Are you confusing your good fortune due to your own skill rather than due to luck? I’m here to argue that your outsized wealth is mostly due to luck. Therefore, stop deluding yourself into thinking you’re so great! As President Obama said in a July 13, 2012 campaign election speech, “If you’ve got a business, Read More... The post Your Wealth Is Mostly...
The 2022 income tax brackets and standard deductions are out! Although the actual income tax brackets have not changed, the taxable income range per tax bracket has adjusted upward slightly to account for inflation. That’s nice of the IRS, but at the end of the day, the government still wants our money!. Here are two Read More... The post 2022 Income Tax Brackets...
I made a mistake with both my children’s 529 plans. Instead of investing in equity index ETFs, I invested in target date funds (TDF). Both target date funds have significantly underperformed, costing my children $30,000+ of lost profits in just a few short years. A target date fund – also known as a lifecycle, dynamic-risk or Read More... The post The Problem With Target...
Life has a way of throwing us curveballs and throwing us into emergency situations when we least expect them. You might get in an accident and slip into a coma. Or you could catch a surprise illness that takes a sudden turn for the worst. Whatever the case may be, having a death file for Read More... The post The Death File And...
Although COVID has been bad for many of us in so many ways, the pandemic did one good thing. The pandemic helped protect American homebuyers from a resurgence in foreign real estate investors. Before the pandemic hit, 2020 was shaping up to be another solid year. There were growing talks that capital restrictions out of Read More... The post Foreign Real Estate Investors...
Capital One Venture X Rewards Credit Card and American Express Platinum both offer great savings for travel but also let you save points for everyday purchases.Capital One Venture X Rewards Credit Card and American Express Platinum both offer great savings for travel but also let you save points for everyday purchases. The post Capital One Venture X Rewards Credit Card vs. American Express...
In the good old days pre-pandemic, several friends and I liked having beers after each softball game. We got to discussing what is the one ingredient necessary for achieving financial independence at a relatively early age. Here were some of their responses: Saving aggressively Investing in stocks Investing in real estate Earning side income Taking bigger Read More... The post The One Ingredient Necessary...
Before I share the best asset class performers from 2001 – 2020, I want you to guess the following four things: 1) Of the following asset classes, the S&P 500, a 60/40 stock/bond portfolio, Bonds, REITs, Commodity, Emerging Market Equity, Small Cap, Homes, which performed best? 2) What was the annualized return for the best-performing Read More... The post The Best Asset Class...
With open enrollment season in full swing, it’s a good idea to go through the many health insurance plans to choose from. The options can quickly get overwhelming. However, understanding the fundamentals will help simplify your decision. By the end of this article you’ll understand the four main types of health insurance and know how Read More... The post HMO, EPO, POS, &...
One of the goals of achieving financial independence is financial security. We want to feel secure financially so we ironically don’t have to think about money so much. As a personal finance writer, however, this is both my blessing and my curse. No matter how wealthy I get, I can’t escape the topic of money. Read More... The post The Ultimate Source Of...
Finance Xpress
The Maximum 401k Contribution Limit: What You Could Have If You Max Out Every Year
9:31 AM The maximum 401k contribution limit for 2022 increases to $20,500 from $19,500 in 2021 is $19,500. I’m surprised the maximum 401k contribution limit is jumping by $1,000. Historically, the limit usually increases by only $500 every two to three years. Inflationary pressures are likely the main reasons for such a high contribution limit increase. For Read More... The post The Maximum 401k Contribution...
In a stunning turnaround, Zillow recently announced it would be getting out of the iBuying business and will shut down its Zillow Offers division. Roughly 25% or 2,000 of its staff will be let go as the company takes a $540 write-off. “We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated Read More... The post Even Zillow Can’t Trust...
Given how hot the housing market currently is, let’s look ahead to see what bad things might occur to derail the trend. This post looks at the cities most at risk of a housing downturn so you can better invest your real estate capital. In brief, here are the things that could cause a national Read More... The post Cities Most At Risk...
Home equity is the amount of money you still owe on the mortgage subtracted from what your home would be worth if you sold it.Home equity is the amount of money you still owe on the mortgage subtracted from what your home would be worth if you sold it. The post Our Super Simple Guide to Home Equity appeared first on Dough Roller....
