Estate planning helps protect your assets and ensure your wishes are carried out after you pass away. One of the first steps you’ll make in estate planning is determining what documents to prepare, which typically include a trust and/or will. It’s common to find them confusing. But even though they have some similarities, they’re not […]
Will vs Trust: Which Is Better? Read More »
The Internal Revenue Service announced the amount individuals can contribute to their 401(k) plans in 2024. It has increased to $23,000. This is up from $22,500 for 2023. In addition, the limit on annual contributions to an IRA increased to $7,000 for 2024. That is up from $6,500 in 2023. Not bad! Given the new
401(k), 403(b), And IRA Contribution Limits For 2024 Read More »
The IRS has introduced new income limits for its seven tax brackets for 2024. Thankfully, the thresholds have all increased by 5.4% to account for inflation. In 2023, the IRS expanded its tax brackets by a historically large 7%, reflecting last year’s elevated inflation. Although it’s getting harder and harder to earn a top one
2024 Income Tax Brackets And The New Ideal Income Read More »
Fundrise, a leading real estate crowdfunding platform, was founded in Washington DC in 2012. Today, they have over 400,000 investors with over $3.3 billion in assets. Fundrise is now a leading domestic institutional real estate investor competing against the best in the business. What makes Fundrise unique is that they are pioneers of the eREIT
How Is Real Estate Crowdfunding Platform Fundrise Doing In 2024? Read More »
One of the best ways to get a better deal on a home is by paying cash. Sellers prefer all-cash offers because there’s less risk the transaction will fall through once in escrow. As a result, some sellers are willing to discount the sales price or take your cash offer over another offer with a
Paying Cash To Buy A House By Selling Stocks: A Mind Bender Read More »
One of the things I’ve tried to work on since high school is being less judgmental about others. To function efficiently in society, I often have default assumptions about people which can sometimes backfire. I’m also certain that if more people got to know each other there would be less conflict. As a minority who
A Blind Spot About Private School Families: They Aren’t All Rich! Read More »
Estate planning may seem daunting, but it really doesn’t have to be. The hardest part is often just overcoming the mental hurdle to start. Planning for the future is a smart and caring thing to do. Formulating your estate planning basics brings peace of mind and reduces any anxieties you may have about what lies
Estate Planning Basics: Get Started Today Read More »
Well folks, after writing over 2,300 personal finance articles since 2009, my job here at Financial Samurai is done! According to the 2022 Federal Reserve Consumer Finance Survey, the average American household’s net worth, adjusted for inflation, was $1.06 million. That’s right. The average American household, some of which consists of individuals, is a millionaire!
The Average American Household Is A Millionaire, Go USA! Read More »
Housing affordability is at or near an all-time low and the Fed is partly to blame due to its aggressive rate hikes in such a short time frame. The Federal government is also partly to blame due to excess stimulus spending during the pandemic. However, this is not a post about who is to blame
The Housing Affordability Problem Is Creating A Nation Of Renters Read More »
Now that the Supreme Court has outlawed affirmative action in college admissions, it’s time to look at the next layer of affirmative action: getting a job based on identity versus merit. This is the diversity hire dilemma some of you or your children might one day face. It is part of the DEI, or Diversity,
The Diversity Hire Dilemma: How To Get Paid Based On Identity, Not Merit Read More »
