Blog Posts
Take Control of Your Money
Our early retirement life, which included a Round the World trip along with a one-year journey across North America in our vintage Airstream, never would’ve happened if we didn’t take control of our money. I went $50,000 in debt one year out of college, and by following the steps below, I was able to pay […]
Planning Multigenerational Wealth
Planning multigenerational wealth isn’t something most of us give much thought to. Instead, we think of the Rockefeller or Vanderbilt heirs who have lived a privileged life ever since their founders built monopolistic empires. The closest most of us will come to building monopolistic empires is probably… well, in Monopoly. However, that shouldn’t stop us […]
How to Use a Donor-Advised Fund
Donor-Advised Funds or DAF’s are one of the best strategies for giving to charities because it gives you flexibility and major tax advantages, so let’s talk about how to use them. Traditionally, DAF’s are one of those rich-people-tricks that can look like a tax shelter, but many people can benefit by using them in reality. […]
How to avoid IRMAA
You need to know many tricks to maximize your retirement income, and one of those is how to avoid paying IRMAA. While IRMAA might sound like a hurricane from 2017 (close, Irma), it’s actually a financial landmine that explodes when you’re on Medicare and earn over a certain income. Let’s get into the details on […]
Money Moves to Make for First Child
If your first child is on the way, there are money moves you should make to set them up for success. The USDA projects the cost of raising a child just under a quarter million for their first 17 years. If you include college costs, this amount can easily double. While this can all sound […]