Which retirement account is better: a traditional tax-deferred account or a Roth account? A lot of advisors say: “it depends.” They’ll say, if you believe taxes will be higher now than later, then contribute to a traditional account and get tax deductions now. If you believe taxes will be higher in the future, contribute… Read More
I’ll show you today how to earn some quick money from paying your taxes.
Your retirement number is based on 2 key questions: What does your target retirement lifestyle cost annually? How many years do you expect to need your retirement funds to last?
With a few months of married life now behind me, I wanted to do a lookback post on what I’ve learned about managing my income and expenses. Coordinating my finances with a partner has been a new experience and taught me some useful lessons.
All homeowners out there thinking of selling their house — and even home buyers who just want to learn how to be tax-efficient — can get a LOT of value from understanding the intricacies of how this part of the tax code works.
Do you feel burned out at work? Do you want to take a sabbatical and travel? Recently I’ve been thinking about how one can take some extended time off while simultaneously using that time to do some very efficient tax planning. Are you curious how you can do the same? Today I’m going to show you a step-by-step… Read More
I live in the San Francisco Bay Area and housing prices are going bonkers right now. Many would-be buyers either cannot afford to buy here at all, or can’t justify paying the astronomical prices here even though current rents are also insanely high. Heck, even houses with dead corpses inside are selling for over $1.5 million,… Read More
If you’ve been following along in the other posts in this series, you know I started Hack Your Wealth on the eve of my marriage. I wanted to take that opportunity to “baseline” my net worth and understand my financial past in order to determine how to strengthen my — and my wife’s — financial… Read More
As you may know from following this blog, in my inaugural income report post, I wrote that when I started the Hack Your Wealth website on the eve of my marriage, I wanted to “baseline” my net worth and understand my financial past in order to figure out what, if anything, I should change to grow my — and my newlywed’s — financial future. I… Read More
In my inaugural income report post, I wrote that on the eve of my marriage, I wanted to “baseline” my net worth. I wanted to take stock of my income, spending, savings, and investments because I wanted to understand how my net worth had trended since I entered the workforce after graduate school. While I had kept decent historical records,… Read More