FU Money For the People

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You’re allowed to put even more money into your IRA/401k this year! Take a moment to listen and then update your budget or your automated withdrawals. Remember that 1 hour of targeted decision-making and action will get you more money than months of extra hustle.

The New Student Loan Forgiveness

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The original version of this was struck down by the Supreme Court. But the Biden administration did not take no for an answer, and came back with a new version that is less vulnerable to the court (because it is based on something Congress already approved).
Here is my handout from my video module for this inside Money Bootcamp

Taxes, Democracy, and the Largest Climate Bill in US History

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Want to make some energy improvements to your home? Buying a new or used clean vehicle? You may get a tax credit for that. This episode tells you about a legislative victory for climate change, that may also put money in your pocket for your energy-efficient choices. Take a listen, save some money, and thank a Democrat.

Donating Your Work is Not a Charitable Deduction

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Sad but true. This is a good time of year to share this info with a non-profit organization near you - so they do not send out those horrible letters with the (totally non-deductible) retail price of the donated work.

How to Stash More FU Money: The Secure 2.0 Act Expands Your Retirement-Funding Options

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The Biden administration studied what is holding back US taxpayers from putting enough money into tax-advantaged retirement accounts. The answer? Worries about needing the money for various life emergencies. Great news! The Biden administration + the Democrats in Congress took this info and passed the Secure 2.0 Act. This law gives you more generous allowances for accessing your retirement for various emergencies uses. Plus, it expands catch-up contribution amounts for taxpayers over age 50. If you’re over 50, or have felt the jitters about putting money into your tax-advantaged accounts for fear of not being able to touch it - this episode is for you.

Medical Expense Deductions: When It’s Worth Tracking & How

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Most of you don’t get any medical expense deduction - so feel free to skip this! But if you have had an outlier year for medical expenses, or you’re in the 10% of US tax households that ITEMIZE (aka you do not take the “standard deduction”), then this episode is for you. Listen in to know the threshold for when it’s worth your time to track medical expenses.