Author: DNA

Dee is a technologist and a personal finance hobbyist. With over 15 years of experience in the financial domain, Dee started following the philosophy of FIRE since 2016 and is on track to reach the goal of FIRE in 10 years. He wants to teach you on how to achieve Financial Independence within a decade. All content on this site is an opinion and is for information purposes only.  It is not intended to be investment or tax advice.  Seek a duly licensed professional for investment and tax-related advice
Roth IRA Limits

Roth IRA Limits

March 11, 2018 by DNA

The IRS announced the contribution and income limits for the 2020 calendar year. For 2020, these limits are: Contribution Limits Unchanged The total amount you can contribute to either a Roth IRA or a Traditional IRA remains unchanged at $6,000. People 50 and…

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What is backdoor Roth IRA

What is backdoor Roth IRA

March 11, 2018 by DNA

A Roth backdoor entry is a bypass to get around income limits to participate in Roth IRA. The other key aspect of this backdoor is that there are no conversion limits so you can convert any amount as long as it is…

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How most H1-B holders make a 6 figure money mistake

How most H1-B holders make a 6 figure money mistake

December 4, 2017 by DNA

I started my career in the US in an offshore based system integrator where a majority of the people working were on H1-B visas. The six years, that I worked there, I use to wonder why most of the expats in the…

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Should I fund an HSA before an IRA

Should I fund an HSA before an IRA

November 10, 2017 by DNA

Many HSA advocates recommend funding an HSA before an IRA. There are several reasons to recommend this strategy but is this a rule of thumb applicable to all? Let’s evaluate An HSA offers triple tax breaks. Money goes in rax-free, grows tax-deferred and withdrawals…

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What is Required Minimum Distribution (RMD)

What is Required Minimum Distribution (RMD)

November 10, 2017 by DNA

RMD is the minimum amount that the US Govt forces you to withdraw from your pre-tax accounts (401k or IRA) annually once you have reached an age of 70 1/2. You can always withdraw more than the required minimum but withdrawing less…

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Transunion Credit Freeze

September 13, 2017 by DNA

I noticed something had changed on the TransUnion website about freezing credit this morning when I was giving links to family so they could freeze theirs. I froze my credit the day after news about the Equifax breach broke, and it looks…

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What is FIRE

July 10, 2017 by DNA

FIRE refers to Financial Independence and Retiring Early. Financial independence refers to having enough money that you can stop working or money. It doesn’t mean that you cannot work but it means that you are no longer dependent on your job (of…

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