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Blogger Profile


A Noonan Moose

Blog Info

Name:
Frugal Fringe
Category:
Frugality
Tags:
Early Retirement/FIRE, Tax Planning
Start Year:
2014

Blogger Bio

Location:
Colorado, United States
Age:
50s
Race:
Unspecified
Gender:
Male
Life stage:
RETIRED
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Latest Blog Posts

The largest recurring study of Canadian net worth, the Survey of Financial Security (SFS), is conducted by Statistics Canada, an agency of the federal government. The SFS for 2016, which was released last week, involved interviews of 21,000+ households about a wide range of financial matters, including their net worths. If you live in Canada, […] ...
Posted: Dec 15 2017 @ 6:30 AM
Note: this post revises a December 12, 2016 article that reported 2014 data from the IRS Statistics of Income (SOI) program. Since then, the IRS has released its 2015 statistics so the time is ripe for an update. Everyone compares themselves to others—it’s basic human nature. But sizing up paychecks isn’t polite conversation. In fact, it’s taboo. […] ...
Posted: Dec 04 2017 @ 6:30 AM
You’ve worked hard. You’ve avoided debt. You’ve saved and invested. Through the years, you’ve regularly updated your net worth using the standard formula: Assets – Liabilities = Net Worth. According to this calculation, you’ve made substantial progress. The stock market’s done well and so have you. But if you’ve only been looking at your net […] ...
Posted: Nov 13 2017 @ 5:30 AM
In 2018, the federal government will once again offer a Premium Tax Credit (PTC) to qualifying taxpayers who buy health coverage from an approved health insurance exchange. To receive a PTC you must split the uprights between making too little and too much income. If you make too little, you drop out of Obamacare and into Medicaid. This precludes any PTC, prevents you from contributing to a Health Savings Account (HSA), and places ...
Posted: Nov 06 2017 @ 5:30 AM
As I plan my household’s tax returns for 2017, I’m pursuing four major goals: (1) obtain the highest available Premium Tax Credit under Obamacare; (2) avoid Medicaid eligibility; (3) maximize the amount of my Roth conversion; and (4) limit my exposure to federal and state income taxes. This post shares my basic approach and seeks your suggestions for improvements. To simplify things, let’s break the process down into several discrete steps. Step 1: ...
Posted: Oct 23 2017 @ 5:30 AM
Note: this post revises an earlier article dated December 5, 2016 that was based on 2015 data published by the US Census Bureau. Since then, the 2016 data has been released so it’s time for an update. Everyone likes to compare themselves to others—it’s basic human nature. But comparing your income to others is not a topic of polite conversation. This cultural bar makes complete sense. Whenever incomes are compared, inevitably someone emerges ...
Posted: Oct 16 2017 @ 5:30 AM
As you may know, this site’s popular Worthometer (46,000+ views and counting) is the web’s only net worth percentile gauge that incorporates, interpolates, and averages all three major surveys of USA household wealth: (1) the Federal Reserve Board’s Survey of Consumer Finances (SCF); (2) the US Census Bureau’s Survey of Income and Program Participation (SIPP); and (3) the University of Michigan’s Panel Study of Income Dynamics (PSID). Earlier this year, new versions of all three surveys were ...
Posted: Oct 09 2017 @ 5:30 AM
For decades, I wanted a kick-ass stereo system. I’d visit emporiums to hear glorious setups that were priced like down payments on McMansions. I’d attend audiophile expos to gawk at glistening speakers that cost more than luxury sedans. I really, really wanted to buy into this world of great sound. But somehow the cheap part […] ...
Posted: Jun 19 2017 @ 5:30 AM
For decades, I wanted a kick-ass stereo system. I’d visit emporiums to hear glorious setups that were priced like down payments on McMansions. I’d attend audiophile expos to gawk at glistening speakers that cost more than luxury sedans. I really, really wanted to buy into this world of great sound. But somehow the cheap part of me always prevailed—while I loved hearing such wonderfully rendered music, I also detested the heavy ...
Posted: Jun 19 2017 @ 5:30 AM
Curious about how your annual retirement deposits compare to other US taxpayers' If so, you’ve come to the right place. Through the magic of governmental data you can see where you rank without making impolite inquiries to friends and coworkers. This post covers employer-sponsored retirement accounts such as 401(k), 403(b), 457(b), 408(p) and Roth 401(k) […] ...
Posted: Jun 12 2017 @ 5:30 AM

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