Description: Where personal finance meets healthcare.
Mixing a pay raise with downsizing can do wonders for a financial situation. It’s pretty incredible. Throw in a favorable tax code, and we can start talking about some real money. I am told you are officially ‘old’ when taxes become a regular point of conversation. I like to think I have wisdom beyond my years. But I do find it an interesting subject, and I continue to be surprised just how different the tax...
Dividends. A taxable event? Maybe. But I still love them. If you have been paying attention to my “passive income” page, you might have noticed the Max Out of Pocket crew cleared $3,298 in dividends from my medical office building (MOB) REIT experiment in 2020. I sometimes refer to this as my ‘rental’ income. Not bad for a little side hobby. But how much of that is taxable in 2020? I initially spread the portfolio out over...
I have found myself walking through hospital hallways for many years now. Healthcare finance has led me to interact with department managers across all service lines. From cardiopulmonary rehab to the neonatal intensive care unit, I have probably crunched the numbers and dollars at some point. But those are just numbers. Until now, the growing Max Out of Pocket crew has not actually needed to use the healthcare system all that much. That’s a good...