Data from the Federal Reserve reveals the relationship between income and wealth. Conditioned on having the necessary income, frugality then plays its role.
Latest Blog Posts
CARES Act 2020 Charity Donation Deduction: $300 or $600 for Married?
The IRS Form 1040 instructions clarified the new CARES Act charitable contributions deduction for married filing jointly.
Fidelity Extended ETF Orders in Dollars with Fractional Shares to Website
Fidelity used to accept ETF orders in dollars with fractional shares only in its mobile app. Now the same functionality is also online.
Choose Your Investments and Your Accounts Separately
In light of $0 commissions, you get the best of both worlds when you choose who manages your investments and who manages your accounts separately.
Relocate Out of California to Escape High Taxes After Retirement?
High taxes when you’re working doesn’t mean high taxes when you stop. California may very well be a retiree-friendly low-tax state.
Positive Cash Flow: An Open Secret In Early Retirement
Having both current income and an investment portfolio makes you financially more secure. That’s the smart way to do FIRE.
Life Hack: Donate To Charities Without Getting Junk Mail
Use a charity gift card creatively to donate money to charities while protecting your privacy, with no worries about getting lots of junk mail.
Can 401k and IRA Contribution Limits Go Down If We Have Deflation?
401k and IRA contribution limits are adjusted for both inflation and deflation. If we have bad enough deflation, the limits can go lower.
How To Pay Off SBA COVID-19 EIDL Loan Early: A Walkthrough
A detailed walkthrough of all the steps in how to find the current balance and pay off or pay back the SBA COVID-19 EIDL loan early.
California ACA Health Insurance Premium Subsidy
California offers premium assistance for ACA health insurance to some residents who don’t qualify for the federal subsidy.