While this blog is primarily for educators, that doesn't mean other people don't read it (I hope?). And all those educators have friends, families, co-workers and former students who they can share information with. So I'm hoping that this post reaches at least one person who can take advantage of it. If you know a … Continue reading Do You Know a First Year Medical or Dental Student?
As I mentioned in a previous post, one of the changes made by the recent Consolidated Appropriations Act is the ability - with some important restrictions - to transfer some money from a 529 plan to a Roth IRA. The intent of this law is good, I think. Some people have been hesitant to save … Continue reading 529 to Roth Conversions: Some Possibilities
Correction 1-21-23: The original version of this post contained a mistake. The credit rate (50%, 20%, 10%) only applies to the first $2,000 you contribute to a qualified plan. Amounts above $2,000 don't get the credit. In the original post, I assumed that as long as the credit rate times the amount contributed didn't exceed … Continue reading Saver’s Credit: An Overlooked Tax Credit for Many Beginning Teachers
I just wanted to share my latest book, this one written with Matt Raleigh for teachers in California Public Schools, focusing on financial literacy and making the most of their CalSTRS pension benefits. Please consider sharing with any teachers you know in California. This is the latest in the TL;DR Financial Literacy series. If you … Continue reading New Book: TL;DR: Financial Literacy for California Public School Teachers
When many financial folks talk about spending they often mention the three "big rocks" of food, shelter, and transportation. That's not to say that the rest of your spending isn't important, it is, but if you get the three big rocks right (or wrong) they will have a much larger impact on your financial well … Continue reading Taking Advantage of the Enhanced EV Tax Credit
This post is mostly for me. I want to continue my efforts helping others with financial literacy, so I thought (publicly) documenting my efforts in 2022 might help me continue in 2023. I divide my efforts into two parts: Fisch Financial (where you are now), which is free (note the .org), and Fisch Learning, where … Continue reading My 2022 Financial Literacy Year in Review