2022 Conforming Loan Limits Increase To Record Highs, Improving Affordability

10 Comments / Mortgages / By

The Federal Housing Finance Agency (FHFA) has announced new 2022 conforming loan limits for conventional loans. The baseline conforming loan limit for 2022 will be $647,200, up $98,950 from 2021’s limit of $548,250. That is a record-high increase of 18% based on the FHFA House Price Index. In higher-cost areas, the new loan limit increases […]

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The Minimum Income Necessary To Afford A Five Million Dollar House

65 Comments / Real Estate / By

A five million dollar house is big bucks in every single city in America. Once you cross the $5 million mark, it is classified in the luxury territory, even for cities such as San Francisco, Los Angeles, Seattle, and New York. Therefore, I thought it would be interesting to calculate the minimum income necessary to

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2022 Income Tax Brackets And The New Ideal Income For Maximum Happiness

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The 2022 income tax brackets and standard deductions are out! Although the actual income tax brackets have not changed, the taxable income range per tax bracket has adjusted upward slightly to account for inflation. That’s nice of the IRS, but at the end of the day, the government still wants our money!. Here are four

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The Best Asset Class Performers From 2001 – 2020

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Before I share the best asset class performers from 2001 – 2020, I want you to guess the following four things: 1) Of the following asset classes, the S&P 500, a 60/40 stock/bond portfolio, Bonds, REITs, Commodity, Emerging Market Equity, Small Cap, Homes, which performed best? 2) What was the annualized return for the best-performing

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Historical Gift Tax Exclusion Amounts: Be A Rich Strategic Giver

24 Comments / Family Finances, Taxes / By

The historical gift tax exclusion amount is $19,000 for 2025, unchanged from 2025, up from $18,000 in 2024, $17,000 in 2023, and $16,000 in 2022. As a result, you may want to contribute more to your child’s 529 plan or give them more money if your estate may surpass the estate tax threshold when you

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