Go curry cracker hsa 2016

So now, i am unemployed except for the rental income. Go curry cracker makes the case for an early retiree to favor taxable accounts over a roth. Go curry cracker already stated it well, so if you are interested check it out directly. We are a family of three retiring in our thirties in wyoming, and im here to talk tax hacking for college. If you dont have traditional 401k contributions hsa contributions, feel free to leave those blank or replace the titles with any other pretax items you have such as health insurance premiums. Many people like justin from root of good, the mad fientist, and go curry cracker use travel hacking with crazy results. This weekend the coronavirus aid, relief and economic security cares act was passed into law, with the intention of providing relief to taxpayers affected by the coronavirus covid19. Aside from that, well be on an aca plan for a while. Instead, its all about a little hsa account i adopted way back in 20, and its now rather imminently impending replacement. We quickly settled into a way of life that revolved around yoga and crossfit, afternoon swims, walking among the temples, and exploring the vast food scene. Which accounts to use first june 8, 2015 may 20, 2019 noah financial independence, the metagame i talk a lot about credit card and bank bonuses that allow me to increase my income a few hundred dollars at a time, but these are just a. With my employer, i have the choice of either a high deductible health plan hdhp or a normal health plan. Continue reading this entry was posted in finance and tagged acmvx, financial, hsa, investing, loss, research, retirement on 20160921 by rlp.

Love that there will be a new series on early retirementits definitely something that ive been really interested the last few years. One of the purposes of this blog is to share financial information so others can see what a life of travel costs. Doubts over just how groovy my life is continued when i stopped by go curry cracker. Should you have leftovers, we have included homestyle recipe ideas in the instructions provided or you can find leftover recipes here. After 401k contributions, hsa, and standard deduction plus. This multi part series turns the stock series into an interactive audio companion and this first part is sure to compel you to stick around for each additional entry the. Has anyone been able to do this with being an expat. Retiring early isnt just for those who hit the lottery or have highpaying jobs. How many people does the heat n serve holiday family meal togo serve. Money mustache and the couple behind go curry cracker. I am looking to get an international health plan that includes the usa and the rest of the world that qualifies for an hsa.

Michael kitces and mr groovy that maxing out the hsa is the way to go. It is possible for anyone, and requires just a few key decisions. Cant wait to hear more about traveling around the world with a baby. We retired in our 30s to travel the world and start a family. A few anomalous expenditures for november 2016 to point out.

Through the power of travel hacking, tax minimization, geographic arbitrage, medical tourism, and financial independence through aggressive saving, we aspire to help others do the same. This page is updated monthly with our actual spending. Go curry cracker does an interview with a british newspaper. Like an ira, you can fund this account with pretax money. Jeremy over at go curry cracker likes the 401k and is skeptical about. Eitc guest post on gocurrycracker frugal professor. The mad fientist just traveled the world for january, 2016 minimilism.

What you could do though is pay the bill from your regular bank account now and save the bill somewhere on your computer. During the nine months of pregnancy, i grew my moonlighting gig into a company thats still going strong after six years. Most people would expect you to use your hsa to pay the bill now. For 2 months at the tail end of 2015, we called chiang mai, thailand home. A health savings account hsa incentivizes saving for medical expenses and is made available as a feature of high deductible health plans. Here are ways to save money on the expenses that bring you least joy. But calculating that number is not as straightforward as it seems. Go curry cracker has a nice actual example on this, see step 6 of their sevenminute tax calculations.

Twentyfive renters, nine buildings including my own home, and three 50% or less ltv mortgages. By the end of the trip, he decided he wanted to retire and live overseas forever. The ultimate retirement account comparison in one single. But around age 26 or 27, he took a lifechanging vacation to the philippines. And wouldnt you know it, jeremy and winnie were doing fine. Facebook is showing information to help you better understand the purpose of a page. At that point we plan to sell and be renters for life. Planning for health care in early retirement our next life. He slashed his living expenses, renting a room in seattle. He ate mangoes, laid on the beach and learned to scuba dive. Also anyone have experience using medical expenses from overseas to claim funds with your hsa.

So we can probably count on both types of backdoor roth surviving at least through 2016. Over the last nine years of running our own engineering businesses, weve been tracking various tax optimization strategies. I am fully aware that tax advantaged accounts like a traditional 401k, hsa, and roth ira are much better over the longterm compared to taxable accounts. I usually publish these on saturdays, but today i make an exception. Been following go curry cracker for a while now and love reading their stories. The hsa is the second best, due to the tax arbitrage. Jeremy used to work 80hour weeks to maintain his sprawling suburban house, car and motorcycle. I planned to use geographic arbitrage to further lower my expenses after fi so the first thing i did was talk to perpetual travelers like retire early lifestyle and go curry cracker to see how they were doing it i also chatted with others who were utilizing geographic arbitrage while still working. To me, the great irony of personal finance is that there isnt really much to say about it. The post living a lie appeared first on go curry cracker. This is the first place you want to go for the rest of the sheet to work. See contact information and details about go curry cracker. Since you make not great pay that suggests your marginal tax rate is low. We retired 5 years ago at 3833, and have been slowly traveling the globe ever since.

I brought up the fee question to him, and showed him some comparable vanguard funds. Opting for a hdhp makes sense at this point in my life because i am young and have great health. In todays episode of the mad fientist financial independence podcast, i had the pleasure of speaking with jeremy and winnie fro. Tomorrow, youll find my eitchacking guest post on gocurrycrackers website link. How jeremy and winnie retired in their 30s afford anything. Some people argue that there is a rule of thumb for which account is more attractive when saving for retirement both early retirement and normal retirement.

You can open an hsa regardless of your income or other taxadvantaged accounts to which you might also be contributing. You can access those funds before age 59 12 without penalty via a sepp or a roth ira conversion ladder. Theres an issue that weve struggled to get our heads around, which well call our optimal retirement income. The table below includes every travelrelated penny spent. Jeremy over at go curry cracker likes the 401k and is skeptical about roth iras, while someone on kiplinger recently recommended the roth and trashtalked the regular 401k in light of higher. Its also great that the go curry cracker couple did it in a relatively high cost of living area. Contribution limits are increased each year with inflation. See actions taken by the people who manage and post content. On todays episode of the financial independence podcast, i had the pleasure of speaking with jeremy and winnie from go curry cracker jeremy and winnie retired a few years ago, in their thirties, and have been traveling around central america ever since. Or, put another way, your contribution is taxdeductible.

By laura shin jeremy and winnie are a husbandandwife team who retired in their 30s and now blog about how they maintain their wanderlust lifestyle on, named for a motivational. One of those ways is making the most of taxdeferred accounts while working such as your 401k, a traditional ira, and hsa. Plans, costs and subsidy limits also vary by state and sometimes county. I quit my job to be a landlord no nonsense landlord. We actually met with him again this week to discuss our 2016 and 2017 goals.

In the whiteblue columns, input information from your paychecks. Winnie tseng is from taiwan and is the go curry cracker resident photographer. Since i havent seen it mentioned yet in the forum, go curry cracker. I didnt fully appreciate it until tracking my spending on this blog.