How My 8 Year Old Funds Her 2016 Roth IRA: Just in Time, Tax Break for Mom, Roth IRA for Kiddo

IRS is pretty strict about what you can pay your kids for. In a tax audit, paying an 8 year old 10k a year may seem hard to justify. But I think I have a case with my 8 year

5 Ways 8 Year Old Mini Makes Her Own $

5 Ways 8 Year Old Mini Makes Her Own $

IRS is pretty strict about what you can pay your kids for. In a tax audit, paying an 8 year old 10k a year may seem hard to justify. But I think I have a case with my 8 year

Mini Wise Money’s College Fund: Selection, Final 4

Mini Wise Money’s College Fund: Selection, Final 4

Mini Wise Money’s 529 Finalists:   The Vanguard 529 Savings Plan Nevada Nevada ‘s Vanguard 529 Savings Plan is administered by Ascensus College Savings but carries the Vanguard brand and features a wide offering of Vanguard mutual funds in its age-based

Mini’s College Fund, 529: Intro Part II

Mini’s College Fund, 529: Intro Part II

Broker Sold 529 plans: In addition to fees mentioned in the prior post, you pay even more fees with broker-sold 529 plans. Personally, I will not go through a broker, but I’ve included information for completion’s sake. Additional fees that reduces your

Get Money Wise & Support Mini Wise Money!

I recently started writing for Physician’s Money Digest. It has been great fun, reaching so many doctors/ aspiring doctors on such a reputable discussion forum.   An awesome bonus is every unique reader/visitor of any one of my articles on PMD generates a

Seems Costly, but Definitely Worth It.

Seems Costly, but Definitely Worth It.

“If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.” ― Lao Tzu     I have rarely felt peace

8-year-old Mini Starts Planning Mini-Retirements.

8-year-old Mini Starts Planning Mini-Retirements.

With the ability to retire by 2023, I started talking with Mini’s dad about family longer term vacation/exploration around the world after 2023. We both agreed that traveling around the world and learning from various cultures will enrich Mini’s life

Top 10 Lessons Mini Wise $ Taught Me About $

Top 10 Lessons Mini Wise $ Taught Me About $

“I believe that imagination is stronger than knowledge. That myth is more potent than history. That dreams are more powerful than facts. That hope always triumphs over experience. That laughter is the only cure for grief. And I believe that

Top 6 Things Dr. Wise Money Splurges on

Top 6 Things Dr. Wise Money Splurges on

We all make room–be it time, energy or money– for people & things which matter to us. Many readers & acquaintances think I’m crazy for putting $23,500 into my Roth 403b & Roth IRA in 2015. In 2016, I will continue to do the same along with the new

Mini Wise Money: The Apple of My Eye

Mini Wise Money: The Apple of My Eye

A Tribute to the Apple of My Eye   Kiss Ella’s forehead “Mommy will come pick you up in two months.” Watch her cry with her arms outstretched for me A calling Passion for learning Resolve to challenge and develop

Top 10 Ways Mini Will Pay for Her College… on Her Own (Mostly)

Top 10 Ways Mini Will Pay for Her College… on Her Own (Mostly)

I just started funding Mini’s 529 this year with goal of maxing out first 2 years @ 14k each. I’m front loader in all things I deem worthwhile: studying, investing, or building businesses. Since Mini can be heading to college

Mini’s College Fund, 529 Qualified Tuition Plan: Intro Part I

Mini’s College Fund, 529 Qualified Tuition Plan: Intro Part I

  Mini is finishing 3rd grade this year. In another short 9 years, she will be heading to college. I should have started her college savings yesterday, but like most PGY’s, I took care of my own student debt and

My Life by Mini

My Life by Mini

My life is small tale that people won’t know Because my life is a thing that I can not say My life is a thing that I can not write My life is me, myself, & I And that will

Mini Wise Money & Art

Mini Wise Money & Art

A Mother’s Love & Pride Collide: DWM’s Letter to MWM

A Mother’s Love & Pride Collide: DWM’s Letter to MWM

This is a letter I wrote to MWM after watching her long-anticipated Aladdin (a school play performed by Sunrise Drive Elementary students), during which I felt my heart was wrenched.     Dearest sweetie pie, I love you. I realized