Your Money Your Life Coaching

It’s TODAY!

Date: Wednesday, 2/24
Time: 5:30 PM PT | 7:30 PM CT | 8:30 PM ET

This event is FREE and will stream on both Facebook and YouTube. To get a reminder, visit: https://plutusfoundation.org/event/the-black-tax-live/

I'm super excited about today’s upcoming livestream event I set up for The Plutus Foundation.

In support of Black History Month, Shawn D. Rochester will join Harlan Landes, Plutus Foundation founder, in a casual conversation about the cost of being Black in America. We'll also answer questions from viewers. For more information about Shawn, visit https://blacktaxed.com/

I will be behind the scenes handling the technical aspects and audience engagement so I will be online and can chat with you all at the event. Hope to see you online!

(This photo was taken during a planning meeting.)

I set up a free livestream event for the Plutus Foundation in support of Black History Month featuring Shawn D Rochester, the author of "The Black Tax: The Cost of Being Black in America." This is going to be an informal conversation about how conscious and unconscious anti-black discrimination creates a massive financial burden on Black American households that dramatically reduces their ability to leave a substantial legacy for future generations. I hope Shawn will also share his thoughts on how we can eliminate this tax and help create jobs and businesses. We'll also answer questions from viewers. For more information about Shawn, visit https://blacktaxed.com/

Here are the details:
Date: Wednesday, 2/24
Time: 5:30 PM PT | 7:30 PM CT | 8:30 PM ET
Visit the Facebook link to set a reminder: https://www.facebook.com/plutusfoundation/videos/865689224228539
YouTube: https://www.youtube.com/watch?v=wsB9xaVIW1g

I am so grateful Plutus Foundation creates space for these discussions. Thanks. Hope to see you online!

The Black Tax: The Cost of Being Black in America with Shawn Rochester Speaker, author, CEO of Good Steward LLC, and founder of PHD Enterprises and the IDEA Institute, Shawn D. Rochester joins Harlan Landes, founder of The Plutu...

is a global generosity movement, unleashing the power of⁣ people and organizations to transform their communities and the world.

I envision a world where people from all backgrounds have mastered their money and have financial stability and resilience. 🙌🙌🙌

If you are charitably inclined and able to, would you please consider a donation in any amount to the ChooseFI International Foundation, a 501(c)3 registered entity? The foundation's mission is to bring financial literacy and financial independence concepts to underserved communities, military families, and students across the country. ⁣❤️
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This year, the foundation created and released FI101, the Accidental Homeschooler, and PreK-12 Financial Education/Curriculum. All of this content is free to communities and schools. Please help them continue to provide resources to help people and students acquire knowledge and skills to master personal finance by making a donation in any amount. Thank you. ⁣🙏🙏🙏
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To make a donation or for more information about the foundation, visit https://www.choosefifoundation.org/donate
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For your 2021 tax-planning pleasure, here are the new income limits for each of the tax brackets. These were adjusted for inflation. Here are the income limits and phaseouts as well:

https://www.forbes.com/sites/markkantrowitz/2020/11/01/new-2021-irs-income-tax-brackets-and-phaseouts/?sh=7630f3f15a8b

Here is the IRS announcement: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2021

Please note that in the US we have progressive, marginal tax rates.

Thank you to all those who have served or are serving in our Armed Forces.

"On this Veterans Day, let us remember the service of our veterans, and let us renew our national promise to fulfill our sacred obligations to our veterans and their families who have sacrificed so much so that we can live free." - Dan Lipinski

For 2021, 401(k) Contribution Limit Unchanged for Employees, Up for Employers

Employee 401(k) contributions for plan year 2021 will once again top off at $19,500 with an additional $6,500 catch-up contribution allowed for those turning age 50 or older, the IRS has announced. But maximum contributions from all sources (employer and employee combined) will rise by $1,000 next year to $58,000 for all employees age 49 or younger, and $64,500 if age 50 or older.

Hope this helps you plan 2021!

Estate planning is an act of love!

I'm hosting a free online estate planning meeting on 29 OCT 2020 at 5:30 PM PT. A local attorney will be presenting and there will be a Q&A as well. If you are interested in attending, please send an email to ymylcoaching @ gmail.com.

Here's the tentative schedule.

5:30 PM - Welcome and Intros
5:40 PM - Estate Planning Presentation
6:45 PM - Q&A
7:30 PM - General Q&A/Community Wins
7:45 PM - Thanks and Farewell

Hey Money Nerds!!

It’s TODAY!!

Are you going to join me for this all-star investing panel tonight? Larry Swedroe, Rick Ferri, and Paul Merriman are hanging out with the ChooseFI community. We’re going chat about investing and answer questions from viewers too.

Set an alarm for 5:30 PM PT / 6:30 PM MT / 7:30 PM CT / 8:30 PM ET /GMT +7:00 and head over to the ChooseFI Facebook PAGE (not group) or ChooseFI.com/Live.

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"Build before you have to.

- Build knowledge before you have to.
- Build strength before you have to.
- Build an emergency fund before you have to.

Let internal pressure drive you today, so you can handle external pressure tomorrow."

— James Clear