Save More Tax on Donations
Millions of people give to charity, which is wonderful! However, they often give cash each week, month, or year. That method can cost more! It’s often better to: donate appreciated assets, bunch donations, or contribute to a Donor Advised Fund.
Transactions in Retirement Accounts Aren’t Taxed… Yet
When something keeps coming up in conversations, I prioritize it for content! Some very intelligent, educated, and succesful people haven't been sure how investment changes within retirement accounts are taxed. Fortunately, investment changes don't usually have an immediate tax impact! Adjusting these accounts may be the best way to rebalance a portfolio.
Potential Financial Steps for T-Mobile Employees in September
What financial steps might T-Mobile employees take in September?
Select employee stock purchase plan contribution percentage
Book Thanksgiving plans
Start benefits and insurance review
Replenish emergency fund
Schedule remaining Paid Time Off (PTO)
We Rode in a Self-Driving Vehicle
Our family rode in a self-driving car. While on vacation in San Francisco, we kept seeing these driverless vehicles. Although I've caught hundreds of rides with ride sharing services, this one felt different!
Is Insurance an Investment?
Is insurance an investment? There’s a healthy debate on the subject! This article explores: the definition of an investment, how insurance benefits are taxed, the way accounting treats premiums, how premiums are used by insurance companies, and the result of a recent poll.
What Financial Steps Might T-Mobile Employees Take in August?
What financial steps T-Mobile employees might take in August?
Shop for Back to School
Take summer vacation
Review investments
Submit dependent care reimbursements
Check financial independence plan
Turn $200,000 into $13 Million?
Most people want to get rich NOW. That's now (usually) how wealth is built. Want to know the secret? Time.
What Are Large, Mid, and Small-Cap?
What are large, mid, and small cap? There’s a clear definition… in theory. Reality is messier.
How to Use Credit Reports to Improve Credit Scores
How can a credit report be used to improve credit scores? Some opportunities include: correct payment history, lower utilization, lengthen credit history, limit new credit applications, and improve credit mix.
Potential Financial Steps for T-Mobile Employees in July
What financial steps might T-Mobile employees take in July? Options could include: check credit reports, review / rebalance investment portfolio, take summer vacation, attend camps, and submit dependent care reimbursements
Contribute to Pre-Tax or After-Tax?
Many people struggle to decide whether to contribute to a pre-tax account, after-tax account, or both. Both options may exist for plans like a 401(k), 403(b), 457(b), and Individual Retirement Arrangement (IRA). The after-tax version is often a Roth plan.
Imagine Summer Without These!
Try to imagine summer without: scoops of ice cream, potato chips, golf tees, refrigeration, Super Soakers, lemonade, cakes, whipped cream, and meringues. They all have a fun connection!
How Might the T-Mobile / UScellular Merger Un-Fold?
How might the T-Mobile / U.S. Cellular merger un-fold? T-Mobile has a playbook it’s used for its MetroPCS, Sprint, and Mint mergers. Although every merger is a little different, the UScellular merger will likely have many similarities.
Potential Financial Steps for T-Mobile Employees in June
What financial steps might T-Mobile employees take in June? Options could include: enjoy end of school year, replenish emergency fund, prepare for vacation and camps, and submit dependent care reimbursements.
How Americans Spend
Half of American household spending was on housing and transportation in 2022. Almost all expenses increased until middle age and then fell. Healthcare was the exception which kept rising with age.
How to Minimize Lifetime Taxes
Many people focus on reducing taxes for the previous year. Some take proactive steps to reduce their tax bill for this year. Very few proactively minimize their lifetime incomes taxes.
Shop Auto Insurance
Many people overpay for auto insurance. They can go years - even decades - without getting multiple quotes. Insurance is highly regulated. Its quality largely depends on the coverage and financial strength of the insurer. The agent down the street may cost a lot! Trust everyone but cut the deck.
Potential Financial Steps for T-Mobile Employees in May
What financial steps might T-Mobile employees take in May? Options could include: review tax withholding (Form W-4), update goals and financial plan, check student loan / other debt balances, fund education savings, and schedule fall Paid Time Off (PTO).
Benefit from Stop, Start, Continue!
Benefit from Start, Start, Continue! This technique applies to many areas of life - including personal finance.
Rich Is Flashy
Rich is flashy. However, few things can destroy someone’s wealth faster than trying to look rich.
