A blog about things I find useful
It is pretty widely known that the HSA is the best savings account in the U.S. because contributions, growth, AND withdrawals are tax-free. Contributions are tax free from the following types of taxation: Federal State (unless you live in CA or NJ) Payroll Usually 6.2% Social Security + 1.45% Medicare Investment growth (dividends + capital … Read more
Offer Summary On June 23, I got the following email from BoA offering to give me free money via their Premium Rewards card. I took them up on it. Upon reading more about the offer online, it is apparently not targeted (meaning that all with the card can pursue it, whether you got the email … Read more
It looks like the nation is gearing up to reopen. I remain skeptical it will end well, but we are planning on returning to work/school nonetheless. So are tens of millions of students in the US (excluding the entire state of CA apparently). My university is weeks away from inviting over 25k students back to … Read more
About 5-10 years ago a friend of mine called me out for being “overfocused” on money. I think that’s a reasonable observation for a person to make about me; even a close friend. But I think I have a reasonable counterargument. Which of the following two hypothetical people is “overfocused” on money? A person who … Read more
I put together a debt repayment calculator tonight. You can download it here (link). I’m sure there are infinite calculators available on the internet, but I enjoyed the modelling exercise. Yellow cells are inputs. Grey cells are calculations. I’m not really sure the demographics of this blog’s readers, but I suspect that most of you … Read more
Nov 2020 update: Doctor of Credit discussion that the 75% BoA Platinum Honors bonus might be killed: https://www.doctorofcredit.com/survey-bank-of-america-might-eliminate-75-platinum-honors-bonus-2-62-5-25-etc/. If this eventually happens, it’ll effectively put the kibosh on the strategy outlined in this blog post. Fingers crossed it won’t happen, though I’m worried that the program’s time is limited…. The first two quarters … Read more