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2020 & 2021 Federal Income Tax Brackets: A Side by Side Comparison The IRS released the 2021 Tax Rate Brackets recently. Here is a side-by-side comparison with the 2020 brackets. Hope it helps!
The Trinity Study 2018 Compared to FireCalc A look at the data presented in the latest Trinity Study update verses the data presented by FireCalc. Who will be the winner?
2022 Net Worth | December + Annual Summary Welcome to the 2022 year-end edition of our net worth tracker. I’ll review our December net worth as usual and then take a look at how 2022 treated us overall. I started tracking our net worth when this blog started, which was at the beginning of September 2019. I started by creating the Net Worth Baseline report. You can view Previous Net Worth reports HERE. Our December December, as usual, was a busy month for us. We did our normal work routine during the week, aside from Christmas week. Our plans filled with friends and family were foiled by colds, fevers and Mr. 19. We'll get together eventually and have Christmas in January. That said, my family still enjoyed our time together and we had fun! December 2022 Net Worth Here’s how December compares to last month: December Account Breakdown Let’s take a quick look at what happened in December ...
Net Worth | March 2023 Welcome to the March 2023 edition of our net worth tracker, where we’ll track our net worth month over month. I first started tracking our net worth at the time this blog was started, which was at the beginning of September 2019. I started by creating the Net Worth Baseline report. You can view Previous Net Worth reports HERE. Let's dive straight into this month's report. Monthly Roundup Previously, I would go through my month, and go over the highlights. These days I’m doing it a little differently. Unless you convince me that you want to hear about my month, I'm not going to talk about it. March 2023 Net Worth Here’s how March compares to last month: March Account Breakdown Let’s take a quick look at what happened in March. Cash ($6,874.82) Monthly Blurb: This is where our paychecks get deposited. All our income goes into this account, then ...
Top 15 Tips: Your Year-End Financial Checklist As 2023 winds down, it's time to gear up for a financially savvy 2024! We've got you covered with expert tips to boost your savings, slash your tax bill, and keep your financial goals on track. Max Out Retirement Contributions Employer Retirement Plans Deadline: Ensure contributions to employer-sponsored retirement plans like 401(k)s are completed by December 31, 2023. Benefit: Contributions are typically made pre-tax, reducing taxable income for the year. Individual Retirement Accounts (IRAs) Deadline: IRA contributions for 2023 can be made until the tax-filing deadline in April 2024. Traditional IRAs: Contributions may be tax-deductible, depending on income and whether you're covered by a workplace retirement plan. The deductibility reduces taxable income. Roth IRAs: Contributions are made with after-tax dollars and do not provide an immediate tax deduction, but offer tax-free growth and withdrawals. Make sure you are saving enough for retirement. Key Considerations Contribution Limits: Be aware of the ...