2019 was our 2nd tax year under the Tax Cuts and Jobs Act (TCJA), 3rd year using the Foreign Earned Income Exclusion (FEIE), and 7th year of paying ~$0 in income tax on dividends, interest income, and blog revenue.
The travel industry has experienced a gigantic upheaval since the onset of COVID-19. Stock markets are down 25-30%, jobless rates have reached unprecedented levels, and airlines have come to a screeching halt.
Since it is unclear when things might return to “normal”, and many can benefit from cash now vs travel later, here are three ways to cash out your points for immediate value.
As poor an acronym as it is(*), F.I.R.E. (Financial Independence Retire Early) has become widely known, inspiring many to spend less and save more.
Not everybody thinks it is a good thing, however, and we are probably guilty of setting a bad example – indolent, hubristic, aggressive, patronizing, flippantly roaming the globe in luxurious fashion…
… so when the economy struggles and the stock market implodes, I am unsurprised that some headlines and individuals are excited for the opportunity to say, “I told you so” or to predict “the death of FIRE.”
Are early retirees at risk of serious F.I.R.E. Damage?