When Should I stop disability insurance?

When Should I Stop Disability Insurance?

Disability Insurance- When Should I Stop Once you are Financially Independent (FI), you no longer require income to pay bills. If you don’t need your income to pay bills, you don’t need disability insurance! So, when should you drop disability insurance […]

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Roth Conversions are like longevity insurance

How Roth Conversions are like Longevity Insurance

Roth Conversions are Longevity Insurance Roth conversions are a little like longevity insurance! Longevity insurance pays you more the longer you live. It protects against living too long a life. Social security is longevity insurance, too. Interested? Let’s talk about […]

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Roth Conversions 2023

Partial Roth Conversions

Roth Conversions Let’s talk about what is new for Roth Conversions. The point: there are many different types of Roth conversions, and they may be affected differently by changes in the law in the next few years. Let’s start with […]

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what is the widow's penalty?

What is the Widow’s Penalty?

Widow’s Penalty: Increased Taxes after Loss of a Spouse What is the widow’s penalty? What happens at the death of the first spouse? After the emotions, there are also tax and financial implications: The Widow’s Penalty.  Also known as the […]

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Step-by-Step Guide to Mega Backdoor Roth

Mega Backdoor Roth

A Step-by-Step Guide to the Mega Backdoor Roth The Mega Backdoor Roth is an excellent way for high-income earners to tuck away a ton of Roth money for retirement. There are a couple of things you need: High Income a […]

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Mortgage Acceleration Calculator

Does Mortgage Acceleration Work?

Velocity Banking Calculator Does mortgage acceleration work? How can you more efficiently use your paycheck to accelerate your mortgage payoff? Use “offset accounting” to make interest while offsetting or reducing the balance of another account. So, for instance, you have […]

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tax gain harvest

Tax Gain Harvesting

Tax Gain Harvesting  Should you Tax Gain Harvest? Maybe! Let’s explore if you can and how to harvest capital gains and determine if it is worth the hassle. When is Tax Gain harvesting right for you? Can You Harvest Gains? […]

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upstream gifting

Upstream Gifting

Upstream Gifting and Gifting Gains What is upstream gifting? What if you gift your elderly parent an asset with massive capital gains? What if they hold it until they get the step-up in basis at death, and then you inherit […]

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