investing

Why Save So Much in Our Retirement Accounts?

12.17.2014
Why save so much in our retirement accounts? 72t early withdrawal

This is the follow up to the previous blog post – How to save $50,000 per year in your tax advantaged accounts. Is it really a good idea to save so much in our retirement accounts? Should we cut back a bit and invest more in our after-tax account? One downside of saving over $50k/year in our tax advantaged accounts is that we aren’t able to add to our dividend portfolio much. This could be a problem for early retirees like us because we will need to access those retirement accounts before we’re 59 1/2. I don’t want to pay […]

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How to Save $50,000 Per Year in Your Tax Advantaged Accounts

12.15.2014
How to save $50,000 per year in your 401k Roth IRA 529

One of our goals this year is to save and invest at least $50,000 in our various tax advantaged accounts. 2014 is just about over and I’m happy to report that we hit this one out of the park. We saved $56,800 in our tax advantaged accounts this year! Here are the details. Mrs. RB40 401k: $17,500. My solo 401k: $21,500. The i401k account enables me to save the extra $4,000. This is the employer contribution portion. RB40 Jr’s 529: $6,800 Two Roth IRA: $11,000 Saving over $50,000 is a huge accomplishment and the tax saving makes it even sweeter. […]

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You Can Save More In Your 401(k) Next Year

11.07.2014
You Can Save More In Your 401(k) Next Year

For 2015, the 401(k) maximum contribution limit is increasing to $18,000, up from $17,500. If you are 50 or older, you can add up to $6,000 extra per year. That’s an increase from $5,500 in 2014. This is great news for those of us who max out our 401(k) every year. We can save more next year and look forward to a little more tax deduction. Or a little more tax free growth if you go with the Roth 401(k). Of course, setting aside $18,000 per year is quite difficult for all of us. That’s why less than 10% of […]

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10 Smart Ways to Spend a $1,000 Windfall

10.31.2014
smart ways to spend $1000 windfall high tech employee antitrust litigation class action lawsuit

Whoa! I got a check from the High-Tech Employee Antitrust class action lawsuit. Check it out! This is a lot more than the usual $14 I see from these class action cases. The exact amount is actually $1,340.32. I put $1,000 in the title of this article for the search engines. I think Google likes rounded numbers better than exact amounts… High-Tech Employee Antitrust Litigation So what’s this lawsuit about? Basically, the management of the companies named in this lawsuit had a verbal agreement to avoid recruiting from each other. This agreement limits employee job mobility and repressed their wages. […]

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