Max Out of Pocket

Medicare FICA: Tax or Premium?

Max Out of Pocket has a question for you. Do you have any clue how much you pay into the Medicare program out of every pay check? I mean come on, what else do you have to worry about on a Saturday afternoon?   Well, a big piece of the answer is in your FICA (Federal Insurance Contributions Act) payroll taxes. It is an important concept to understand before we get too far into your...

Healthy Benefits Part 1 – My $100 Carrot

I got one of those “just a friendly reminder” emails at work the other day from corporate.  These usually quickly make their way to my trash bin, but this one caught my eye. It said “don’t miss out on your $$$$”. If you haven’t figured it out yet, Max OOP likes dollar signs.    I guess working for a living does have its perks from time to time. Many employers, and especially hospitals, offer benefits...

Unplug and Recharge With Work Conferences

Okay, the title technically doesn’t make much sense, but you get the idea. I write this from a beautiful resort in northern New England overlooking the mountains. I just took a nice dip in the hot tub and plan to relax for the rest of the evening. One of the perks of working in Healthcare finance is you sometimes get to go to fancy conferences and listen to people talk about insurance premiums, deductibles, and...

Front-Loading and a $2,690 Pay Check

There is no telling what my Human Resource department thinks of me.  They finally stopped asking questions about my erratic 403(b) retirement contribution requests and just process them now as is. I changed my contribution from 85% of my salary to my upper limit of 87% for several pay periods while I was front-loading. Then down to 19%. For yesterday’s check, I went all the way down to a 3% retirement contribution.  It will likely...

How I Bought a Medical Office Building – The Healthcare REIT Experiment

Okay, several medical office buildings, and a few hospitals. They all have tenants that will pay me rent. I love passive income. Mrs. Max OOP and I sold our house down south a few years back. It was a great house, and we miss it very much. But, we will now be renters for the foreseeable future. This took our real estate equity that we can actually “touch and live in” to $0.00. With such a...