Taxes

Calculate Your FI Number With State and Federal Taxes (It’s More Than You Think)

Written by Adam on April 18, 2021. Updated January 8, 2023.
5 min read. Financial Independence, Interactive, Taxes, Calculators, Blog, Minafi, Canonical. 10 Comments

Your FIRE number is often calculated by multiplying your expenses by 25. That's the amount of after-tax money you need. But how much extra do you need in taxes?[Read more...] about Calculate Your FI Number With State and Federal Taxes (It’s More Than You Think)

The Complete Guide to Withdrawing Funds Early From Your 401(k), IRA and Roth IRA

Written by Adam on June 29, 2020. Updated January 8, 2023.
10 min read. Canonical, Investing, Taxes, Blog, Minafi. 9 Comments

Accessing a 401(k), IRA or Roth IRA early can lead to a 10% early withdrawal penalty. With a little planning you can access your funds early![Read more...] about The Complete Guide to Withdrawing Funds Early From Your 401(k), IRA and Roth IRA

Does This Mean the End of the FIRE Movement? [Answer: No]

Written by Adam on April 13, 2020. Updated January 8, 2023.
12 min read. Blog, Minafi, Canonical, Taxes, Personal, Financial Independence, Investing. 23 Comments

The FIRE movement isn't based on a consistently rising market. For most it's based on long-term trends, personal flexibility and the hope of more time to pursue our own passions.[Read more...] about Does This Mean the End of the FIRE Movement? [Answer: No]

2019 Federal Tax Brackets – What Rate Will You Pay?

Written by Adam on December 17, 2018. Updated January 8, 2023.
7 min read. Taxes, Blog, Canonical. 6 Comments

The tax brackets for 2019 have changed since 2018. Because of that, you'll likely end up paying slightly less in tax. Find out how much you'll save![Read more...] about 2019 Federal Tax Brackets – What Rate Will You Pay?

The Definitive Guide to Tax-loss Harvesting and Avoiding Wash Sales

Written by Adam on November 19, 2018. Updated January 8, 2023.
12 min read. Minafi, Investing, Taxes, Blog, Canonical. 10 Comments

Tax loss harvesting is a strategy for reducing taxes today by selling funds at a loss. While this seems counterintuitive, this allows you to pay less in taxes today and maybe bypass taxes altogether.[Read more...] about The Definitive Guide to Tax-loss Harvesting and Avoiding Wash Sales

How Are Bonuses Taxed? (with Bonus Calculator)

Written by Adam on September 24, 2018. Updated January 8, 2023.
9 min read. Taxes, Blog, Minafi, Canonical, Interactive. 4 Comments

Unlike regular paychecks, bonuses are taxed at a different rate. If you understand how they're taxed you can take advantage of a number of strategies to reduce taxes and access your money sooner![Read more...] about How Are Bonuses Taxed? (with Bonus Calculator)