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Backdoor Roth IRA: Now Officially Supported by Congressional Intent?

January 28, 2018 By Jonathan Ping 7 Comments

In 2010, the tax laws were changed to eliminate the income limits on conversions from Traditional IRAs to Roth IRAs. Since Roth IRAs still have income limits on direct contributions, this opened up a "backdoor" where high-income individuals could … [Read the rest]

Last updated: May 30, 2020

Royalty Exchange: Buying Music Royalty Rights as Income Investment

January 25, 2018 By Jonathan Ping 3 Comments

For many songwriters and musicians, their primary asset is the rights to their music. Instead of a house, they have intellectual property. Every time their song is bought for a film, streamed online, or aired on TV they receive a royalty … [Read the rest]

Last updated: January 25, 2018

PenFed Power Cash Rewards Visa Card: 2% Cash Back With Military Service or Checking Account

January 25, 2018 By Jonathan Ping Leave a Comment

Pentagon Federal Credit Union (PenFed), the 3rd largest US credit union by assets, launched the PenFed Power Cash Rewards Visa Card in 2017. This credit card offers up to 2% flat cash back with no earning caps and no annual fee. Here are the … [Read the rest]

Last updated: January 25, 2018

Debitize: Will Making Your Credit Card Feel Like Debit Help You Budget? ($10 Bonus)

January 23, 2018 By Jonathan Ping 2 Comments

In our increasingly cashless world, I prefer to use credit cards over debit cards for a few reasons: Credit cards usually have better cash back, points, or rewards programs. Credit cards have additional features like free checked bags, … [Read the rest]

Last updated: January 23, 2018

Anthony Bourdain: Taking One More Risk Changed Everything

January 22, 2018 By Jonathan Ping Leave a Comment

Anthony Bourdain gets to travel around the world, eat great food, and hang out with interesting people. I have read a few of his books and enjoy his TV shows, but this YouTube video from 1 Step Away revealed some new details about how it all … [Read the rest]

Last updated: April 25, 2019

Research Affiliates: 10-Year Asset Class Returns Forecast, Q1 2017

January 21, 2018 By Jonathan Ping 1 Comment

Investment advisory firm Research Affiliates has an interactive Asset Allocation tool that provides estimates of expected returns for many different asset classes and model portfolios. Their default model is based on valuations like the CAPE … [Read the rest]

Last updated: May 30, 2020

Charlie Munger’s Life as a Financial Independence Blueprint

January 18, 2018 By Jonathan Ping 7 Comments

Charles Munger is probably best known as the Vice Chairman of Berkshire Hathaway and partner of Warren Buffett. The University of Michigan Ross School of Business recently shared a hour-long talk with Munger on YouTube (embedded below). Munger … [Read the rest]

Last updated: January 18, 2018

Connexus Credit Union 5-Year CD at 3.00% APY: Early Withdrawal Penalty Comparison

January 17, 2018 By Jonathan Ping 4 Comments

Connexus Credit Union has raised the rates on their 5-year Share Certificate to 3.00% APY with a 365-day early withdrawal penalty. They also have 1-year Share Certificate at 2.01% APY (90-day early withdrawal penalty). Both have a $5,000 minimum … [Read the rest]

Last updated: January 18, 2018

The Fall of Landlines and Rise of Cell Phone-Only Households

January 16, 2018 By Jonathan Ping 12 Comments

Here's an interesting chart from Statista showing how landline telephones are slowly dying away and being replaced by cell phones only. In 2004, more than 90 percent of households in the U.S. had an operational landline phone - now it’s … [Read the rest]

Last updated: April 25, 2019

Berkshire Hathaway vs. S&P 500: Shrinking Edge?

January 15, 2018 By Jonathan Ping 5 Comments

It is well-known that the CEO of Berkshire Hathaway (BRK) is Warren Buffett, and that its long-term performance has crushed the S&P 500. This is usually illustrated with an impressive chart like this one from Business Insider: I'm currently … [Read the rest]

Last updated: April 25, 2019

Sam’s Club: Free 3-Month Membership Extension (or Full Refund Upon Cancellation)

January 11, 2018 By Jonathan Ping 15 Comments

(Update: Sam's Club has added that language that this offer is limited to "members in closing clubs". I'm not sure if that includes if you live in the same area as a closing club.) Sam's Club is offering all of their members a free 3-month … [Read the rest]

Last updated: January 18, 2018

50% of American Households Don’t Own Any Stocks At All

January 11, 2018 By Jonathan Ping 1 Comment

Here's another stat to add to your knowledge. For roughly half of Americans, the stock market’s record highs don’t help at all, according to a recent Washington Post article. This chart shows that half of US household have no exposure to stocks, … [Read the rest]

Last updated: January 11, 2018
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