Finance

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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

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Hey everyone, it’s Finance Fridays again. I have a few things that I was planning to talk about today, but something new happened that I think is worth talking about. For many of us, Student Loans are a heavy burden to bare. For some, you may have opted to go the route of Public Service Loan Forgiveness (PSLF) to have some of your loans forgiven. However, Trump’s new proposal may throw a monkey wrench in your […]

Public Service Loan Forgiveness (PSLF) and Trump #illumedati

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Hey guys, it’s Finance Fridays, and this is kind of related to last week’s post, Inheritance Tax. Today I’m going to be talking about Estate Tax. Stock Photo from: Pixabay Ok, first things first. Before we get in too deep here, I want to make something clear. For the majority of people (and doctors), it is unlikely that you will need to pay an estate tax.  The figure I see tossed around is that only […]

Estate Tax #illumedati

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Hey everyone! It’s Finance Fridays, and I’m going to talk about something that most people probably don’t know about (I didn’t). I’m going to do a short post today about Inheritance Tax. Stock Photo from: Pixabay What is inheritance tax? Well, it’s kind of there in the name isn’t it? It’s a tax that is triggered when you inherit something from someone who is recently deceased. However, that is where the simplicity ends. Everyone hates […]

Inheritance Tax #illumedati

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Hey guys, it’s Finance Fridays… and I’m sick again…or maybe it’s allergies from the vog or something. Either way I got up late and that’s why this post is late. However, I was able to fix my problem with WP-Admin dashboard not working, so at least there’s that. This post will be a short about Social Security. Stock Photo from: Pexels What is Social Security? I think everyone kind of has a general idea of […]

Social Security #illumedati

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Hey everyone, it’s Finance Fridays again. My 401k/403b in Residency Series has come to an end, although I may visit it again later. Today we’re going to refocus on the basics and talk about The Kubler Ross Five Stages of Investing. Stock Photo from: Pixabay So, this is my version of the The Kubler Ross 5 Stages of Grief. We all learned about this in medical school, or maybe even during a psychology course in college. […]

The Kubler Ross Five Stages of Investing #illumedati

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