A 30% effective tax rate may be several percentage points higher than reality. The six figure income married couple is at a 24% marginal federal tax rate as of 2018. If they were to only pay federal taxes, the effective tax rate is closer to ~22%. But they live in California, where ...
For me, it was the slow and boring route. ESI. I would have to say that saving a large portion of my salary early in my career when I wasn’t earning much helped build the habit and not trying to keep up with the Joneses was key. The rest sort of worked itself out. I didn’t...
The REPAYE subsidy hasn’t caused tax problems.Before the SAVE subsidy covered 100% of interest, the REPAYE subsidy covered 50%. REPAYE borrowers didn’t have to pay a tax on forgiven debt. Reduced interest charges are not the same as forgiven debt.Think of the SAVE subsidy like a zero...
My friend went on to explain,“It doesn't pay to take huge bets anymore. It's all about risk management and survival. Our goal is to extract alpha by going market neutral (same amount of longs and shorts) and leveraging up massively to exploit alpha. If we can return 5-8% in an u...
Win, win. This is obvious from the chart. Pay special attention to the y-axis; FI has accelerated by as much as 20 years Average time to reach a 25x asset level is only 17 years. An additional 3 and 5 years are required to reach 33x and 50x, respectively, on average. ...
Given the power of inflation, to neither max out your 401(k) nor invest an additional 20%+ of your after-tax income if you don't have a pension is risky. When it comes to your money, it's always better to end up with too much than too little. ...