Personal Finances · Travel

Avoid Foreign ATM Fees Using Fidelity’s Cash Management Account

During our family’s study abroad in Spain, one logistic I took on was getting cash for minor purchases that couldn’t be done via credit card. My goal was to avoid paying excessive foreign exchange or ATM fees. P2P Exchange Rates – 0% The first stop on the road to cash was a little unexpected. After… Continue reading Avoid Foreign ATM Fees Using Fidelity’s Cash Management Account

Retirement · Roth IRA

Robo-Advisors Disillusionment

[As with anything tax-related, see my disclaimers.] A couple years ago, I opened an account at Wealthfront, one of the popular robo-advisors. Their core tenets of low-cost investing in broadly diversified index funds aligned with my own investment philosophy, and I was curious to see how their tax-loss harvesting system behaved. At the time, they offered… Continue reading Robo-Advisors Disillusionment

Tax Avoidance

Tax Savings Through Gifting Securities

[As with anything tax-related, see my disclaimers.] If you are currently making charitable contributions using cash, you’re doing it wrong. You can save save big tax bucks by instead gifting securities with appreciated long-term capital gains. Money is Fungible If I have $100 cash and $100 stock, I could choose to either gift the cash… Continue reading Tax Savings Through Gifting Securities