As it turns out, 2019 was a pretty great year for front-loading my 403(b) account. My low-cost VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) fund generally tracks the performance of the Standard & Poor’s 500 Index. The S&P 500 returned just over 30% in 2019. Thus, VIIIX put up a very similar return for 2019. On 12/31/2018 VIIIX was worth $227.57 per share and by 12/31/2019 is was worth $290.25 per share. That’s a...
Let’s talk tax brackets. Federal income tax brackets, to be more specific. I suppose I am a little late for the busted college basketball bracket analogy, but this just couldn’t wait for March Madness 2020. Not to mention, there really isn’t much of an analogy back to basketball. After all, college athletes don’t get paid. Well, at least they shouldn’t. But I suppose if they did take illegal payments, the IRS would want a piece...
Welcome to Max Out of Pocket! I’m Max. After spending over a decade working in the American healthcare system, I woke up burned out (morally injured) and wondering how I can help a stretched and broken system. I am not a clinician. I don’t even do the hard work. I work in the background. The amazing clinicians we have in this country that are taking care of our loved ones do the real work. But...