Did you know you can OVERFUND your 401k?
Yes, you read that right. How is that possible? First a little background knowledge… When you turn 72, Uncle Sam requires you to withdraw money
July 14, 2022
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So, you’re interested in enrolling in our Foundations Program, but you’d like to learn a bit more about our financial philosophies first. Or perhaps you’re already well on your way toward becoming a Financial Zen Master and, overachiever that you are, you’re keen on learning all that you possibly can about smart money management. You’ve come to the right place. The Financial Zen blog is jam-packed with useful information, such as…
…and so many more. Check out our blog today for a smarter tomorrow!
Yes, you read that right. How is that possible? First a little background knowledge… When you turn 72, Uncle Sam requires you to withdraw money
“Wait, you want me to sell nearly all of my Amazon stock?” “Yes, that’s correct,” I replied. “Keep 10% for play money if you like,
Chant it with me! “HSA! HSA! HSA!” Here it is on a bumper sticker: The HSA Strategy Put pre-tax money in Pay out-of-pocket for current
…have you maxed out your 401k ($19.500) and HSA ($3600 single / $7200 family)? If not, think about bumping up your contribution rate as high
WARNING: This is an advanced financial planning strategy. Do not attempt this on your own. Please seek the assistance of a financial planner or tax advisor.
Did you know your 401k is like a magician’s hat? Imagine you get called up on stage and the magician pulls out his 401k magician’s
First of all, it was great seeing everyone at Financial Zen Live! last night! It was the start of big things to come. Since it’s
HSA’s can be an amazing way to never pay taxes on your income, but the benefit depends on how high your medical costs are annually.
Taxes suck. And yet most people don’t take advantage of the ONLY way to (legally) never, ever pay taxes on the money you make. Do I have
If your compensation includes restricted stock, there’s some financial magic you can perform to lower your future tax bill. It’s called an 83(b) election, but
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