One of the most popular posts on Financial Samurai is The Average Net Worth For The Above Average Person. But what about the average net worth for the above average married couple? After all, you’re not really getting ahead financially if your finances are just like every other couple’s finances. Life is so much easier […]
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Do you have parental guilt? Welcome to the club. The vast majority of articles already address mom guilt. Therefore, I’d like to discuss more about the dad guilt epidemic. After all, it takes two to make a baby. Unfortunately, men don’t have a culture of readily sharing our feelings. As children, we are told that “big
Dad Guilt Epidemic: Ways To Overcome Feeling Like A Bad Parent Read More »
Life has a way of throwing us curveballs and throwing us into emergency situations when we least expect them. You might get in an accident and slip into a coma. Or you could catch a surprise illness that takes a sudden turn for the worst. Whatever the case may be, having a death file for
The Death File And Why You Need One Read More »
The historical gift tax exclusion amount is $19,000 for 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 pass. Despite paying
Historical Gift Tax Exclusion Amounts: Be A Rich Strategic Giver Read More »
Something funny happened on our long and intricate preschool admissions journey. A school we had applied to in 2017 reached out and said they have a spot for our son this fall. Now we have to decide whether to forego an enrollment deposit at another school or stay the course. We jokingly refer to this
Forfeit The Enrollment Deposit For A Better School? Read More »
If you’re a parent, you might consider starting a 529 plan for generational wealth transfer purposes in addition to paying for your child’s education. Even if you are not a parent yet, you should consider opening up a 529 plan. You can open the 529 plan in your name and change the beneficiary later. There’s
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Before becoming a father in 2017, I dreaded changing diapers. Now that I am a father, I long to win the poop lottery. To see my boy take a gigantic dump is curiously gratifying. Digestion system. Check! Before becoming a father, I wrote a lot about supporting mothers because I couldn’t fathom having to carry
Become A Better Father: Time To Man Up Dads! Read More »
If there’s one generation wealthier than ours, it’s the “Bank of Mom and Dad” generation. Given that our parents have had, on average, three decades longer to save and invest, it’s natural that they have accumulated more wealth. For adult children in need of financial assistance, finding a tactful way to approach their parents for
The Bank Of Mom And Dad Strategy To Buying A Home And Having A Family Read More »
The stepped-up basis for our children was under attack. The Biden administration wanted to either abolish the stepped-up basis altogether or alter it to generate more tax dollars. So I expect for democratic presidents and congress people will want to abolish the stepped-up in cost basis as well. If heirs are then forced to pay
Why The Stepped-Up Basis Must Be Preserved For Our Children Read More »
For someone who lived abroad for 13 years, has so far traveled to over 60 countries, and traveled constantly for work, I’m traveled out! Getting on a plane to see the world is no longer a top priority. Therefore, traveling with kids is towards the bottom of my to do list. However, if you have
Traveling With Kids: A Planning Parent’s Guide To The Great Unknown Read More »
