MONEYANATOMY

M. asked me recently: How do you extract yourself from work drama? A work friend dragged me into one but I don't want to be in it...

Contribution limits for 401k, 403b and most 457 plans are increased to $19,000 . For people over 50 - catch-up contributions are add...

If you give a large cash gift to someone, it is useful to know the rules on taxation. The rules are very generous and it is very likel...

There can be several reasons for the missed or prolonged rollover. Not serious reasons Forgetfulness, procrastination, l...

As mentioned before we decided to do a 401k rollover to IRAs do to a job change. We decided to do trustee-to-trustee transfer (see pr...

In September I received a letter from IRS stating that I owe $7,000 in taxes on IRA distributions. I didn't take any distribu...

IRS penalties can be painful. Most people avoid penalty if they owe less than $1,000 in taxes for the year, or if they paid at leas...

In September 2018 there were few changes regarding security measures by credit reporting companies.  This is an update to my previo...

What am I going to do when the bear market comes? It is easy to get good returns when the market is going up. It is just carrying yo...

M. asks: Do you celebrate financial milestones? For example reaching 500k in total investments/retirement savings? I saw a list of g...

M. asks: How do you define moderate selective frugality? And what separates selective frugality versus being cheap? I recently had...

Today I hit $100,000 in cash flow from the investments for this year so far. And with that I reached Level 2 of my " Cash flow c...

Deadlines for contributions Age 50 Start catch up contributions for  401k ($6,000) - total $24,500 IRA, traditional and Roth ($1...