Late Start Earner
- Mar 29, 2021
- 3 min
How Financial Independence Affects Career Conversations
I had a career conversation with my manager today. The Company has been pleased with my work to date, and my manager wanted to talk through several potential paths that could help me level up and gauge my interest in each path. While financial independence is still several years ahead of me, the fact that I am on a path to financial independence was a gamechanger to my ability to navigate and specify how I wanted my career to progress. If I needed more money to sustain my lif
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Late Start Earner
- Mar 23, 2021
- 3 min
Aggressively Front-Loading Retirement Savings
Next month (April), I will receive 3 paychecks instead of 2 since I am paid on a biweekly basis. In the past I would think of things to buy with my extra paycheck, but this year (and, hopefully, for years to come) I thought about how this could affect my investment strategy. The other day, my boyfriend realized that maxing out his Roth IRA was within scope this year and was asking me about where he can next park his money in a tax-advantaged account (the answer is, once you m
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Late Start Earner
- Mar 21, 2021
- 2 min
2020 Tax Filing and the Safe Harboring Rule for Estimated Tax Payments
I feel so relieved! Today I finalized and filed my taxes online using Intuit's Turbo Tax. Due to the pandemic, I work remotely from a state that has a lower income tax relative to the state that my corporate office is located in. Therefore, I regularly pay higher tax rates throughout the year and received a refund. 2020 Tax Return Summary Federal Taxes Paid: $46,4## Itemized Deductions: $17,7## Federal Refund: $3## Resident State Taxes Paid: $3,7## Resident State Refund: <$1
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