Taxable Accounts 4
Hey everyone, it’s Finance Fridays again. Just like I promised I’m going to kick off my new Finance Fridays series talking about Taxable Accounts. Why has it taken you so long to discuss this? It was all on purpose actually. I wanted to make sure before you went down this road, that everyone had already prioritized the other things on The Checklist. While it may seem amazing to some, there are still those who do […]

Taxable Accounts #illumedati

Hey everyone, it’s Finance Fridays again. I’ve been going through some of my recent posts and realized that they tend to be a little long. For that reason, I wanted to refocus and get back to the basics today, so I’m going to talk about “The Checklist”. What do you mean by refocus? Since every post I write focuses on one topic, it can be easy to forget what the original goal is/was. In a […]

The Checklist #illumedati

Hey everyone, it’s Finance Fridays. After looking through some of my old posts, I have alluded to Credit Card Debt and how bad it is for you. However, I realized I’ve never talked about it explicitly. So let’s talk about Credit Card Debt. Stock Photo from: Pexels Ok, so let’s discuss Credit Card Debt Remember how I mentioned compound interest before and how powerful it is? Credit Card Debt is like that, except probably even […]

Credit Card Debt #illumedati

Hey everyone, it’s Finance Fridays and this is going to be one of those “right now” posts. I received a comment on my post about Roth 401k/403b in Residency. I was going to write a relatively long comment, but instead I’ve decided to turn it into a complete post: Roth 401k/403b in Residency Case Report. Stock Photo from: Pixabay Here’s the comment: (from Queue) My wife and I are making retirement a priority. We’re just about […]

Roth 401k/403b in Residency Case Report #illumedati

Hey everyone, it’s Finance Fridays again and this is going to be a relatively short post about Catchup Contributions. Stock Photo from: Pexels What are “Catchup Contributions”? Well, your normal allowable yearly contributions to 401k/403b and 457 are $18000 (as of 2017). However, after the age of 50, this limit increases by $6000 to $24000 in order to help “catchup” in preparation for retirement. This also increases the prior maximum contribution of $54,000 (2017) from all […]

Catchup Contributions #illumedati