[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
[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
[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?
[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
Disclosure: this page contains affiliate links. This means if you click on a link and make a purchase, we will receive an affiliate commission. As an Amazon Associate I earn from qualifying purchases. In 2007, the Bank of Dad opened its doors when our five year-old daughter opened an account. Wanting to learn more about… Continue reading Bank of Dad
During our 12-week trip to Spain, we’ll be staying in a variety of locations and a variety of Airbnb stays. In fact, it will be a total of nine Airbnb stays. Why Airbnb? Our primary goal on our trip is to embed ourselves into the Spanish culture. Airbnb stays are often operated by local individuals… Continue reading Experiencing Airbnb Stays
In a previous post, I mentioned that we leveraged credit card signup bonuses to lower the cost of getting to Spain. So, how did we do it? Planning Ahead My first step was to give ourselves plenty of time to get signup bonuses that we leverage into airline tickets. I started with the plan of… Continue reading Cheap Travel Using Credit Card Signup Bonuses
Finding and buying cheap airline tickets for a large family to Spain was a thrill ride: nerve wracking at times followed by an exhilarating rush once the tickets were secured. With tickets in hand, it was super fun to ask people to guess how much we paid. No one guessed the answer: $600 for a… Continue reading Round trip tickets to Spain for only $75!
We’re on day 25 of our 81 day trip to Spain, a 12-week family study abroad. When I tell people that all eight of us–me, my wife, and The Six–are going to Spain for almost twelve weeks–a family “study abroad”, if you will–after getting over the initial shock, they ask a myriad of questions: What… Continue reading A 12-Week Family Study Abroad
