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The topic of Roth conversions and filling up your tax bracket came up at this month's meeting of the Southern Colorado Mustachian group. While I've previously written about the related topic of capital gains harvesting, this is a bit different and has some interesting nuances. What is a Roth Conversion? A Roth conversion is when … Continue reading Roth Conversions and Filling Up Tax Brackets
Each year I'm sharing what our current portfolio looks like. This is what it looks like as of January 1, 2025. (Here is April 2022 and January 2024). Asset Location Like many people, by necessity we have our investments in multiple places due to past employers, HSAs, and different types of taxable accounts. Taxable Investments: … Continue reading Our Current Portfolio and Recent Returns
IT DEPENDS! Okay, I really wanted to just leave this as a two-word blog post, but I decided that probably wasn't all that helpful. The genesis of this post was a discussion on Facebook where people were giving advice about what account someone should invest money in. Often these folks are really big fans of … Continue reading Should I Invest in My Traditional, Roth, or Taxable Account?
Updated July 2025 to reflect changes in the standard deduction and the bonus deduction for those over age 65 (due to legislation). As we are about to turn the page (click the arrow?) on the calendar to move into 2025, there are many changes that happen around taxes. These include tax bracket changes, changes in … Continue reading 2025: New Year, New Limits
You have probably noticed a plethora of stories lately about how young people today are not moving out of the house very quickly after high school/college. There are many, many reasons for this (financial, emotional, and other). The stories you read typically take one of two approaches, depending on the focus of the author. The … Continue reading The (Financial) Advantages of Living at Home
I've been doing some financial presentations for educators in various Colorado school districts. As part of the intro to my presentation I reference the fairly typical "90-minute New Employee Orientation" that school districts often provide for new teachers and that, while these are well-intentioned, they usually fall woefully short of what they could (and should) … Continue reading New Teacher (Financial) Orientation