Do you know the 2024 tax-related contribution limits?
More and more of the 2024 tax related numbers have been released by the IRS throughout 2023. Here are those thresholds. Still need the 2023 thresholds? You can find those here. These numbers were released earlier this year Self HSA contribution – $4150 (up from $3850) Family coverage HSA contribution…
Just like acorns, your finances will grow in their own time
Image credit – Champaign County Forest Preserve District Did you know that oak trees coordinate their acorn production years, to ebb and surge together? A surge year is called a mast year, and the scientific hypothesis for the coordination is overwhelming the demand for acorns by rabbits, squirrels, deer, etc,…
What did October 2022’s new segment rate release mean for my pension lump sum?
First, what is a segment rate? A segment rate is based on the corporate bond rate yield curve – in other words, the change in corporate loan interest rates. When interest rates go down, as they did for the past few years, then the amount a pension lump sum has…
Have you done your 2023 math yet?
Last month I posted all of the 2023 account limit information. Yesterday I prodded some of the people I love, reminding them that the information exists. Today one of those people got back to me to announce they’d done the math, determined how much they planned to put away next…
Do you know the 2023 tax-related contribution limits?
More and more of the 2023 tax related numbers have been released by the IRS throughout 2022. Here are those thresholds. Still need the 2022 thresholds? You can find those here. These numbers were released earlier this year Self HSA contribution – $3850 (up from $3650) Family coverage HSA contribution…
Book Review – Scarcity: Why having too little means so much
We all have “too little”. Too little time, too little energy, too little money, or too little calories. But do you understand how these are all related, and how having too little of any one of these can negatively impact the rest of your life? Introduction Written by a behavioral…
Your enrollment window is closing on your 457b
If you are a highly compensated employee in a non-governmental non-profit, and you have access to a 457b, it’s likely that your enrollment window for your 457b is rapidly closing – June 15, 2022. If your 457b is on the half-year schedule, and you miss this May 1st through June…
Wisdom of a Montessori child – Building the habit of saving
It’s probably no surprise to you that my family discusses money openly and frequently. In fact, one of my children approached me in the middle of chore time to interrupt with an idea that just had to come out of their head and be shared. My children know that they…
Do you know the 2022 tax-related contribution limits?
More and more of the 2022 tax related numbers have been released by the IRS throughout 2021. Here are those thresholds. These numbers were released earlier this year Self HSA contribution – $3650 (up from $3600) Family coverage HSA contribution – $7300 (up from $7200) Social Security wage base –…
What should I do with the new stimulus check?
You’re getting an additional $600 x ___ eligible family members from the federal government, arriving as soon as January 2021. You’re now asking yourself, “What should I do with it?” As always, follow your Investment Policy Statement for windfalls. In 2020, this may involve staying focused on resupplying your raided…