Knowing the historical 401k contribution limits is important for understanding how much you can really save in your 401k each year. When most of us think about how much we can contribute to our 401(k), we only think about how much we can contribute as an employee. Instead, think also about how much an employer […]
Historical 401(k) Contribution Limits: Employer Profit Sharing Is Significant Read More »
Learn how to build passive income for financial independence and your happiness will increase. I have been creating passive income since 1999, when I realized I didn’t want to work in investing banking forever. Getting in at 5:30 a.m. and leaving after 7 p.m. every evening was too brutal! Creating genuine passive income is the
How To Build Passive Income For Financial Independence Read More »
Hedge funds get a bad wrap. due to relative underperformance, high fees, and huge paydays for hedge fund managers. However, investing in a hedge fund helped save my retirement portfolio during the 2000 dotcom collapse. One of the benefits of working at an investment bank is gaining access to a variety of investment opportunities that retail
How Investing In A Hedge Fund Saved My Retirement Portfolio Read More »
Your net worth composition will likely change the wealthier you get. The wealthier you get, the generally more conservative your net worth allocation. However, wealthier people also have more of their net worth in business equity as you’ll see below. For example, my net worth composition in my 40s looks nothing like it did when
Net Worth Composition By Levels Of Wealth: Build A Business Already Read More »
Are you wondering which states are best for retirement? As a retiree since 2012 let me share the best states for retirement based on taxes, weather, and lifestyle. My method for calculating the best states for retirement are objective and logical. In retirement, you want to live in a place that has reasonable taxes. Every
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Social Security is America’s national pension system. The income limit for maximum social security tax goes up every year. This is because Social Security is underfunded by roughly 25% as of 2022. The 2023 income limit for maximum Social Security tax rose 9% to $160,200. For those of you who believe the government is efficient
Income Limit For Maximum Social Security Tax 2023 Read More »
Phew! We made it! What a year 2020 has been. I’m absolutely exhausted from taking care of my two young kids, experiencing so much uncertainty, and writing so much. Unfortunately, the first half of 2021 likely won’t be much different. Many cities and counties will still be under shelter-in-place. Most of us still won’t get
2020 Financial Samurai Year In Review: Didn’t Give Up! Read More »
I’m bullish on real estate for the next several years. With multiple efficacious vaccines, high inflation, continued low and negative real mortgage rates, plenty of stimulus, work from home here to stay, and the desire to own income-producing assets, real estate has a bright future. Here is the latest Fundrise overview. Fundrise is a leading
Fundrise Overview And The Future Of Real Estate Read More »
One of the keys to being a successful landlord is finding good tenants. At some point in your landlord journey, you may come across a situation where you have to decide between better tenants or higher rent. Of course, in an ideal situation, you would love to have both. This post will share my latest
Better Tenants Or Higher Rent? Making The Right Landlord Decision Read More »
The more money you have, ironically, the more worries you might have too. Empower, a digital wealth advisor with free financial tools, released its latest Affluent Investor report. Among other things, it highlights the biggest financial concerns of affluent investors. The biggest surprise from one of its surveys is that folks with more than $500,000
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