Nestegg Plans

A reader writes in, asking: I am tentatively starting to think how taxes affect retirement especially for the ACA purposes, in case it somehow survives the latest current court fight. So, which kind of tax should we be concerned about? When I google this, I can find someone saying ‘marginal tax’ whereas somebody else saying ‘effective tax rate’. So, which is it?... https://eggplans.com//marginal-tax-rate-or-effective-tax-/

In the realm of personal finance, far too much attention is paid to investing with the implicit idea that if you find just the right mutual funds, just the right asset allocation, and just the right plan for rebalancing, you’ll be sure to meet your goals. In reality, none of those things matter very much, unless you have a sufficiently high savings rate (or, in the case of a retiree, a sufficiently low spending rate). Recommended Reading Thanks for reading! https://eggplans.com//investing-blog-roundup-how-to-make-/

I have a new book, out this week: Corporate Finance Made Simple (print version, Kindle version). As you can tell from the name, the book is primarily focused on finance in a business context, but, in writing it, I chose to give particular emphasis to topics that play important roles in personal finance as well (e.g., the concept of net present value).... https://eggplans.com//new-book-corporate-finance-made-sim/

Getting taxed once is hard enough, but getting hit a second time on the same dollars? That’s enough to give even a compliant taxpayer the urge to toss crates of tea into Boston Harbor. Whether double taxation like the gift tax is morally right or not is a topic for someone else to tackle. But if you understand the gift tax rules, it’s fairly simple to avoid this painful tax and beat your dear ole’ Uncle Sam at his own game.... https://eggplans.com//a-tax-on-giving-understanding-the-r/

If you’ve hung out on the Bogleheads forum very much, you’ve surely seen plenty of discussions in which a person comes in with a mess of a portfolio and forum members provide suggestions for how to clean it up: changes that would improve diversification, reduce costs, simplify, etc. This week Morningstar is publishing a similar series from Christine Benz providing portfolio makeovers for people in a range of circumstances. Recommended Reading Thanks for reading! https://eggplans.com//investing-blog-roundup-portfolio-ma/

The IRS recently published the annual inflation updates for 2021. If you have questions about a particular amount that I do not mention here, you can likely find it in the official IRS announcements: Single 2021 Tax Brackets Taxable Income Tax Bracket: $0-$9,950 10% $9,950-$40,525 12% $40,525-$86,375 22% $86,375-$164,925 24% $164,925-$209,425 32% $209,425-$523,600 35% $523,600+ 37% Married Filing Jointly 2021 Tax Brackets [ 542 more words ] https://eggplans.com//2021-tax-brackets-standard-deductio/