Category: Personal Finance

Capital Gains Tax Calculator: Value of Waiting on an Investment

Here you'll find a capital gains tax calculator, where you can model the cost to sell or hold on to an investment until you have favorable long-term capital gains. Enter your investment information and tax treatment, and the tool will show you the difference between short and long-term capital gains – numerically and visually. Capital Gains […]

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Average American Debt – Debt by Generation, Income, Type, and Aggregates

In 2019, the average American household carried $107,596.90 in debt. The median American household had $25,427.95 in debt, and the top 10% of households had $298,884.10 in debt. Not including real estate debt, the average and median American household carried $22,065.03 and $5,210.70 in debt, respectively. In this post, I'll break down American household debt averages and other statistics. We'll look […]

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American Retirement Savings by Age: Averages, Medians and Percentiles

Below are estimated United States retirement savings statistics by age for 2020, from surveys conducted between February 2019 and early 2020. You'll find the average retirement savings by age, along with median, and top 1% of savings. For a fuller accounting of net worth as opposed to only savings for retirement, see our net worth […]

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Average, Median, Top 1%, and all United States Retirement Savings Percentiles in 2020

On this page are estimated United States retirement savings for 2020. Statistics are for households headed by adults aged 32-61 at the time of the survey (between February 2019 and early 2020). You'll see average retirement savings, median retirement savings, top 1% retirement savings, and a retirement savings percentile calculator to rank a savings amount […]

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Roth IRA Conversion Calculator – Should You Convert?

On this page is a Roth IRA Conversion Calculator. Enter your current and future tax rate and return assumptions – we'll do the math to help you decide whether to convert a Traditional IRA to a Roth IRA. Roth IRA Conversion Calculator To use the tool, you'll need to enter some information about your traditional […]

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Planning a Cashback Strategy

Today, in this low-interest environment, it's ever more critical to find ways to make your money work for you. It's a sign of the times: some of the traditional and historically safest ways to stash your cash are not as attractive as they have been in the past. Luckily, there are other ways to make your money […]

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If You Always Maxed Out Your 401(k) How Much Money Would You Have?

The 401(k) is one of the best accounts to save a significant amount for retirement in the United States. 401(k) contribution limits are generous, and allow you to shield a healthy amount of income from taxes. However, the majority of people don't contribute the maximum to their 401(k) – which leads us to ask: what […]

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If You Always Maxed Out Your IRA How Much Money Would You Have?

The Individual Retirement Account or IRA is an excellent tax free account available to most American workers. Unlike 401(k)s, IRAs are completely portable and usually have fewer restrictions on the number of investments they allow. They unfortunately come with smaller contribution limits than 401(k)s. Still, most people don't take full advantage of the accounts... so we […]

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Should You Focus on Spending Less or Earning More?

One of the age old arguments in personal finance is the relative priority of earn more or save less. Since there are only two ways to increase your savings – earning more money or spending less of what you have – you do, unfortunately have to prioritize. Let's pick up the gauntlet: should you focus […]

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What are the Magical Saving Rate Breakpoints?

One question we get quite a bit is related to the fundamentals of saving: is there a magic savings rate? In the past we’ve looked at the ideal savings rate. There we suggested 20% as a minimum savings rate, with the caveat you should save more if you can. Interestingly, there are also some magical […]

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