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Longer pole ... The IRS just released the news that HSA contribution limits will increase by a whopping $200/$450 (single/family respectively) in a single year. That's a significant jump over the $50/$100 increases we've seen in the last few years. The 2023 limits are $3,850 (self-only) and $7,750 (family). As welcome as this news is, the increased savings limit won't cover the increased cost-sharing limits on your high deductible health plan [HDHP]. ... even bigger hole In order … [Read more...] about HSA & HDHP limits take big (but unequal) leaps in 2023

Is there a more noble intellectual exercise than regularly confirming that the core concepts -- the pillars truths on which we've built the foundation of our knowledge and understanding -- are, indeed, true and have withheld the tests of time? Noble it may be but it's a lot of work to dig out and replace outdated concepts -- even when we didn't fully accept them. Richard Vague writes that rapid growth in money supply, rapid growth in government debt, and declining interest rates -- all common … [Read more...] about Lies, Damned Lies, and Money Lies

Every once in a while I read an article that leaves me speechless. This is one such article. [Excuse me while I go weep in a corner.] … [Read more...] about Stealing All 40 Acres and The Mule

We bought a fixer-upper. I was a first-time home-owner. I honestly had no realistic idea of what I was getting myself into. I don't have any major regrets about the house or the projects we've done but homeownership is, on the whole, a lot of more work and a lot more expensive than I'd imagined it would be. … [Read more...] about Money Pits & House Porn – The Lure of the Fixer-Upper

I see it every single day in my work – those earning top salaries deal with the same financial wellness demons as their lower-wage-earning counterparts. Lifestyle inflation, destructive money scripts, and other self-sabotaging behaviors and habits are issues that cross all gender, race, educational, and economic lines. … [Read more...] about Top earners aren’t top savers

In the US, women are paid less than men. Black women are paid less than their white counterparts. And LGBTQ women are paid less than the cis-gendered population. At the bottom of this steaming pile of vile, systemic discrimination and bias and hate are transgender people who, even in a tight employment market, face a 15% unemployment rate. According to this article, “in most states you can still be fired for being LGBTQ.” … [Read more...] about Economic realities for LGBTQ Americans

No amount of budgeting and financial literacy will fix the systemic, structural inequities present in our financial system. That doesn’t mean we, as individuals, should give up, not budget, not learn or care… we need to work to effect change on both a macro and a micro level. … [Read more...] about Eat the Super Rich

I learned early in life that being seen as intelligent and competent had much more to do with one’s gender, skin color, and personality than actual intelligence or demonstrated level of skill. The study discussed in this article is just verifying what most of us already know: classism and elitism are alive and well in America. … [Read more...] about Loud, Confident, and Incompetent – How to Succeed in Corporate America

Surprise, surprise! It’s not the much touted tropes of financial indiscretion keeping millennials out of the housing market, it’s structural and systemic policies coming back to bite a generation that had no hand in the policy-making. … [Read more...] about It’s not lattes and avocado toast keeping Millennials out of the housing market

This is not the time nor the place to re-litigate my arguments in favor of higher education. I'll let the arguments and supporting data in this article do the work for me. … [Read more...] about What’s the ROI on a college degree?