I recently covered how tax optimization could allow us to earn an extra $42,000 of income this year (2018) … and pay only $51 in federal tax. Based on our available retirement account buckets (pension, 401k, 457, and IRA accounts), child tax credits, and the standard deduction for married filing jointly … we can earn […]
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Starting this year (2018), we are set to save an extra $2,000 to $3,000 of our income. This savings isn’t coming from cutting our cable (already did that) or eating out less (we never eat out anyway). These thousands of dollars are being saved through tax optimization. Based on the current tax law and our […]
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The very first dividend stock that my wife and I purchased was 25 shares of Consolidated Edison (ED) back in 2008. At the time, we didn’t even realize these 25 shares were to be the start of our dividend income portfolio. In just a few months from now, we will have owned these shares for […]
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I graduated college in 1996 with a Bachelor’s degree and almost no student loan debt. I was fortunate enough to have parents that helped me pay for my secondary education. Plus I worked summer and part time jobs to help pay some of the bills. So when I started working full-time (in 1997), I was […]
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Even though I have a full-time job that earns good W-2 income, our family is looking to take steps towards financial independence. My job covers our basic monthly expenses like mortgage, food, utilities, car payments, etc. And we usually have a decent portion of our income (20%) leftover to invest or save. Lately, we have […]
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