Max Out of Pocket

Max’s Back Pocket Vol. VI

This was the first week since starting my questionable blogging career that I just didn’t feel like writing. Call it a lack of motivation. Even up until this morning, I was going to take a week off from the “Max’s Back Pocket” series. Perhaps some of the stress and complete routine destruction caused by the COVID-19 pandemic is catching up to me. Even Mrs. Max OOP wasn’t 100% this week. We also got some snow;...

Max’s Back Pocket Vol. V

Another week came and went. It seems like just yesterday I was watching coverage of China’s plan to build two hospitals in 10 days. I saw video footage of hundreds of excavators, bulldozers, front-loaders, and cranes working on clearing the site. That was way back in late January and it felt like this thing was a world away. I remember blowing it off. Now, COVID-19 has all but permanently changed our daily life. I couldn’t...

Tax Treatment Of My REIT Dividends Part 1

I hear a lot of recommendations that I should hold my healthcare REITs in tax-advantaged accounts. The theory is the taxman will hit us hard if we hold these assets in taxable accounts. That’s because REITs shell out nonqualified dividends that get taxed like regular income. I touched on this briefly when I talked about where I keep my medical office buildings. At the time of writing that post, as recommended, I was holding almost...

Max’s Back Pocket Vol. IV

Well, another work week in the new world of COVID-19 has come and gone. It’s a stressful time for everyone. I need to start this the same as I did last week by recognizing all of the first responders and frontline healthcare workers dealing with this crisis. This is going to get much harder before it gets easier. My health system is doing a great job preparing for a potential surge. I may get pulled...

Families First Coronavirus Response Act and Out-Of-Pocket Costs

Max isn’t in the habit of diving too deep into legislation. I normally would leave that interpretation to the experts and let them spell it out for me. I suppose desperate times call for desperate measures so I am going to take a stab at it. This is probably a good time to remind everyone that I am not an attorney. That said, I have watched A Few Good Men on more than one occasion....