Max Out of Pocket

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 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 Health...

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...

Matchmaking – $3,025

I overheard someone in the cafeteria at work the other day saying they do not contribute to their retirement account. I could hardly believe my ears. This person seems to be experienced enough to know this inaction would cost them some serious money. Could it really be these concepts I consider in the realm of ‘common sense’ are not followed by the entire workforce? It is common for employers to match a certain percentage of...

22 Cents on the Dollar

So how much cash is all this retirement contribution saving you, Max OOP? Well, retirement contributions technically don’t save any tax – it is deferring tax until a later date.  The goal is to use the deferred tax dollars to make money. You would then realize this as income at a point in the future when you’re in a lower tax bracket. Or, even better, take it during a year you are on sabbatical and...