ACA Subsidy Thresholds, Using Rental Real Estate for FIRE, and Why You May Need a Traditional IRA

Creativity is great-but not in accounting.
–Charles Scott

2021 will be the first year that we are using the healthcare marketplace provided by healthcare.gov through the Affordable Care Act (ACA). Previously, we’d used my board work through the private equity fund I co-founded to pay for our healthcare, but given that I am dialing back my board work and I wanted to get the tax benefits, we decided to do it ourselves.

The first go-through in the application, I unknowingly entered an modified adjusted gross income number too low to qualify for … Read the article

The Sure Way to Put Out Your FIRE: Try to Hit Home Runs

“Eat your betting money but don’t bet your eating money.”
–Unknown

Even though we hit our FIRE (financial independence, retire early) target at the beginning of the year, my Apple News feed seems to think that I am still looking for quick ways to make a buck.

I mean…I am…it’s in my blood…

Joking aside, there are all sorts of click bait articles out there which seem designed to convince you that you can make truckloads of money overnight just by investing $1,000.

Such as this one. My feed is full … Read the article

Don’t Let Monkey Brain Do Your Christmas Shopping for You!

Christmas is the season when you buy this year’s gifts with next year’s money.
–Unknown

When I got married, my Christmas shopping got exponentially more complicated. I was used to buying a few presents for my parents and grandparents and calling it a day.

Marriage added a new layer of intricacy. My wife’s parents were divorced and remarried, so there were now in-laws, step-in-laws, new friends, godchildren, and what appeared to be, to me, random people. Maybe I’d met them at the wedding? I wasn’t sure.

What I did know is that … Read the article

How Should I Adjust My Financial Plan in a Biden Presidency?

Now that Joe Biden has been declared the winner of the 2020 Presidential election, you may be thinking about what changes you need to make in your financial plan to prepare for a Biden presidency.

Here’s what you need to do:

Not. A. Darn. Thing.

If you had a plan on Monday before the election, then your plan is still good and valid now that Biden has been declared the winner.

It’s that simple.

Keep to your existing plan.

Very little will actually change in the daily finances of the average U.S. citizen.

For everything else that may or … Read the article

An Anti-Masker’s Argument for Universal Masking During the COVID-19 Pandemic

Just because something doesn’t confirm your existing beliefs does not mean it’s a hoax.

–Stephanie Ruhle

This is an argument for enacting a strict mask compliance ordinance for the COVID truthers who believe this is all a hoax.

Let’s assume that masks are utterly ineffective and that COVID is just a hoax generated by some worldwide cabal that is determined to take your rights away.

Regardless of whether or not masks work and COVID is real, there are a lot of people who believe it is real.

About a month ago, 64% of Americans believed the CDC, who is stating Read the article