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

401(k) · Personal Finances · Retirement · Roth IRA

Is my 401(k) balance too high?

[As with anything tax-related, see my disclaimers.] You’re following the advice to max out your pre-tax contributions to 401(k) and Traditional IRA accounts. You notice the balances creeping up and you start to wonder, is there a point when you’ve saved too much in those tax advantaged accounts? Or, as Jeremy over at GoCurryCracker poses… Continue reading Is my 401(k) balance too high?

Parenting · Personal Finances · Roth IRA

Matching your child’s Roth IRA Contributions

[As with anything tax-related, see my disclaimers.] I first heard the phrase “Roth IRA” as a graduate student.  Jim, a fellow graduate student, and I were talking about saving and investing and he told me about his Roth IRA account.  I was 25 years-old at the time, and I remember feeling that I had missed… Continue reading Matching your child’s Roth IRA Contributions