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In this episode, we talk in-depth about how Travis originally developed his specialization of student loan planning through first correcting the misinformation given to his (now-)wife and her friends in the medical field (and realized that he could give high value to a chronically underserved population), how Travis first started his student loan consulting (..)
Key deductions include: Mortgage interest payments on primary and secondary residences Property tax deductions (subject to SALT limitations) Home office deductions for qualifying spaces Maximizing Retirement Account Benefits Take full advantage of tax-advantaged retirement accounts to reduce your current tax burden: Contribute the maximum allowed to (..)
Have I run scenario models that include medical and longevity risks? FAQs: Understanding the Basics How much should I contribute to my retirement plan? High earners often use multiple vehicles, like IRAs, taxable accounts, or deferred compensationplans. It depends on your income, timeline, and broader financial picture.
Health savings accounts and flexible spending accounts Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two types of tax-advantaged accounts that can be used to pay for eligible medical and other qualifying expenses. In 2024, the maximum HSA contribution for self-only coverage is $4,150 and $8,300 for families.
With all deferred compensationplans, it’s important to remember that they are unsecured liabilities and subject to the company’s credit risk. For more information on balancing the risks of deferred compensationplans, see our post, Three Risk Reduction Strategies for Deferred Comp Plans.
Tax planning for a transition out of Intel is critical. Medical It’s typical to get a year of COBRA as part of your separation package at Intel, which pays for continued health insurance coverage and allows you to stay on your Intel plan. 18 months of coverage is being offered for COBRA plus a $20k Healthcare bonus.
With all deferred compensationplans, it’s important to keep in mind that they are unsecured liabilities and subject to the credit risk of the company. For more balancing the risks of deferred compensationplans, see our post Three Risk Reduction Strategies for Deferred Comp Plans. 10 years, 15 years, etc.),
Severance (or layoff) packages at Intel have three main components: Income, Medical, and Stock. Tax planning for a transition out of Intel is critical. As part of your separation package at Intel, it’s typical to get a year of COBRA which pays for continued health insurance coverage and allows you to stay on your Intel plan.
For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize.
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