Taxes Archives

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Gift Tax 101: The Tax Consequences Of Giving Large Sums Of Money

February 20, 2019

Not too long ago, a member of the ChooseFI Facebook group asked how much cash they could give to their parents without having to pay taxes on it. Now, for those of you who don’t know, this is known as a Gift Tax. If you give large sums of money, investments (savings bonds, etc.), or …

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Best Places To Get Your Taxes Done!

February 11, 2019

It doesn’t matter where you’re at on the path to FI, only two things are certain: death and taxes. Actually, FI has nothing to do with it–taxes are a certainty for everyone. When you’re on the path to FI, you probably want to do your taxes a little bit smarter, in a way that suits …

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How Estimated Quarterly Taxes Work

February 05, 2019

If you’re taking on a side hustle or you’ve launched your own business in your post-retirement life, you may have little experience in handling your own estimated taxes. While almost everyone is required to file a tax return by April 15th, the self-employed will have some regular tax bills throughout the year. The basic rule …

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Health Flexible Spending Accounts: When You Can Use Your FSA Money

January 16, 2019

Health flexible spending accounts (FSA) allow you to pay for out of pocket health care costs with pretax dollars. An FSA is typically a bank account that offers a debit card or checks you can use to make purchases or reimburse yourself for qualified costs. Unfortunately, this benefit has to be offered by your employer …

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HSA Study–How I Saved Thousands Switching To An HSA

April 10, 2018

I used to attend “Broke University” where most of my financial decisions were short-sighted, based on what I could afford today and ultimately resulted in a poorer me. I couldn’t see past what I needed right now. It was survival mode always and I often borrowed from Peter to pay Paul. There was no room …

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Podcast Shownotes

Help Fix My 403(b) | Ep 220

Money Plan
§Taxes

June 14, 2020

Nancy Bachety Nancy joins the show to share what she has learned about the confusing world of 403(b)s. Based on her personal experience and hours of research, she shares how to avoid making some of the most common 403(b) mistakes. Resources Related Episodes: Table Of Contents Jonathan: Hello everyone, very excited about today’s episode. We’re …

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How to save thousands in Taxes using Geo-arbitrage | Ep 217

Spend Less
§Taxes

June 08, 2020

Download your Geo-Arbitrage Tax Guide here Download Now! Built with ConvertKit David Mckeegan What You’ll Get Out Of Today’s Show Resources Mentioned In Today’s Conversation Transcript Here [fusebox_transcript]

Tax Loss Harvesting and Other Money Moves to Make During a Financial Crisis | Ep 205

May 11, 2020

Sean Mullaney joins the show to discuss the money moves you should make during a financial crisis and how to take advantage of tax-loss harvesting.

Important Tax Update | Ep 178

Money Plan
§Taxes

March 25, 2020

Brad discussed the aggregation of marginal gains and looks at all the little things he does to save money, like searching for coupon codes every time he buys something online. Jonathan encourages you to use this time to do that thing you know you should do but haven’t. He’s also getting into David Goggins and …

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170R | A Capital Gains Case Study For 2020

March 13, 2020

You’ll learn more about the implications of capital gains and the mechanics of tax optimization for these gains. With two case studies, you’ll start to realize the power of optimizing your capital gains strategy.

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