Search Results for: pay yourself last – Page 4

A Rare Tax Break for the Wealthy: The 529 Account

…and reduce her taxable estate to $5 Million, eliminating the possibility of paying hefty taxes on that $1.5 Million of her estate. Why You Should Not Plan to Pay…

How The White Coat Investor’s Children Will Pay for Their College

…Will Pay For Their College Notice how I didn’t title this post “How I Will Pay….” I want my children to take ownership of their own education and the…

FIRE Crossroads 007: $2 Million Net Worth at Age 39. Time for a Career Change?

…to retirement and keep our take-home pay the same. In other words, we shouldn’t really “feel” a pay cut. Just like you pay yourself first for retirement so you never…

The Taxman Leaveth 2021: A No-Tax Early Retirement

…for most working physician. If you’re self-employed, those taxes are about double what an employed physician pays. The Really, Really Rich Will Pay There is a net worth above…

FIRE Crossroads 020: Should They Pay Off the Mortgage?

…we can pay for all of our healthcare needs through the military pretty inexpensively, and my VA benefits pay for the majority of undergrad studies for both of my boys….

7 Ways the Rich Pay Less in Taxes (and You Can Too)

…you get to delay paying the taxes (there’s a small amount of value there available to anyone), but when you pay them, you pay them at a lower rate (a…

The Student Loan Resource Page

…be the Best Plan Public Service Announcement: Recertify for Your Income Driven Repayment (IDR) Plans Invest Early or Pay Off Your Student Debt? Pay as You Earn (PAYE) vs. Revised…

The Doctor Loan: My Experiences Buying and Building with Physician Mortgage Loans

…means higher monthly payments. Obviously, if you make a higher down payment, your regular mortgage payment will be lower. On the plus side, I really don’t like moving, and several…

What’s Up, Doc: The 3% Medicare Pay Cut Controversy

…oughta do it. In a time when money is already being stretched thin as it is, another pay cut sounds like the opposite of a solution. Especially when the pay…

12 Passive Income Ideas for 2020 and Beyond

…REIT beneficial. 7. Dividend-Paying Stocks We already mentioned these in the beginning. Let’s dig a little deeper into how to invest in dividend-paying stocks. Historically, dividend-paying stocks have outperformed…

The Backdoor Roth Point / Counterpoint: A Must-Do or Meh?

…taxes you pay. That is, you choose when and how much taxes you owe. Of course, this is limited by sources of income. For instance, you will pay taxes on…

Paying Off Student Loans With Passive Income

It’s Passive Income MD’s turn for a Saturday Selection. Today, we will learn how the anesthesiologist tackles his student loans with a passive income stream. Some people like to pay…

Key Lessons from “The Automatic Millionaire”: A Financial Planners Review

… 2. Pay Yourself First A key principle in the book is that “the rich get rich (and stay that way) because they pay themselves first.” The concept of…

The Monthly Money Trap: How An “Affordable” Payment Isn’t

…States is $416,900. That’s why a real estate agent will say that after a 10% down payment and a 30 year loan of 6.5%, the monthly payment is less than…

Should You Invest in a Roth or Traditional 401(k)?

…taxable brokerage account, no taxes are levied annually on dividends and capital gains within a retirement account like the ones we’re talking about today. Pay Taxes Now or Pay…

When the New Car Bug Bites

…for a car, I figured my paycheck, about $25,000 a year, could handle the payment. I had fallen into the trap of thinking car payment instead of car price. What…

The Marginal Value of the Backdoor Roth. Is it Worth the Trouble?

…go. I don’t pay hospital or clinic bills directly from the HSA — I pay with solid rewards credit card and reimburse myself — but I do deplete my HSA…

What Will Your Tax Rate Be In Retirement?

…Income? Finally, how you generate retirement income matters. Different forms of income are taxed differently. During working years, you pay payroll taxes on earned income. They are 7.65% for employees,…

Nitra Practice Expense Card Review 2024 (Must-Have for Doctors?)

…expenses by vendor, category, location, and other factors. Payment flexibility: Nitra’s BillPay software will let you pay vendor invoices via check and ACH payments, so you won’t need another payment…

25 Ways to Invest $25,000

…a deeper discussion, check out White Coat Investor’s recent post, Pay Off Debt or Invest. Investment Type: Pay down debt Risk Level: Low Expected Return: Low to Medium …