Dividend and Expense Review – November 2019 – Three Paycheck Time
[This article about a three paycheck month may contain affiliate links at no cost to you] Ah November, a month of wonder. It’s a three paycheck month, it gets cold and dark early and we stay in all the time. Wait, all of those things except the three paycheck suck. After we travel, I generally get a pretty good savings rate in the month that follows. The reason for that is simple. We eat a ton of stuff at fancy restaurants and do a bunch of stuff during the vacation. Afterwards, we just want to chill and relax for a bit. Fancy food gets tiring when you do it every…
The Unlucky Long Term Investor Still Makes Money
It’s sometimes hard to be a long term investor. The stock market moves up slowly but can drop quickly. The pain of loss has more impact than the elation of gain. Right now, we’re in a spot where a long term investor has had a great run. Those who entered the market after the crash of 2008 have seen great returns without any huge pauses. That’s why days when the market drops a few % feel so foreign and scary. However, the long term investor must be aware that things can and likely will get worse. It might not happen this week or this year but eventually, this bull run…
The 2020 401k Contribution Limit is Going Up as is the HSA Limit
There’s some good news on the 2020 401k contribution limit front! Our favorite tax-advantaged account is getting a boost in 2020. Every year the IRS announces their inflation adjusted figures for a variety of retirement accounts. For 2019, employees are allowed to put in $19,000 into their 401k, 403b and most 457 plans. That’s a well appreciated $500 boost from 2018. Luckily, this year is no different. According to a press release on the IRS website, we’re getting another boost in 2020. The amount you can contribute to your 401k(or like account) goes up from $19,000 to $19,500 in 2020. This boost in the 2020 401k contribution limit is a…
