My newsletter helps immigrants understand the US financial system and puts you on the path to become a multi-millionaire. Fulfill your money dreams with Financial Planning for Millennial and Gen Z immigrants (H1B, L1, Green Card)
Dont sleep on these 2024 money changes OR this offer!
Hi Reader ,
Its almost 2024! Isnt that crazy??
I know you are going be busy with new years resolutions and all that jazz so I will keep it short and simple this month:
As we start 2024 very soon, there have been changes to various thresholds that may affect you:
- The income limits for marginal tax brackets are changing.
- The maximum contribution to a 401(k) will be $23,000 (up from $22,500 in 2023).
- Max annual IRA contributions will increase to $7,000 (up from $6,500 in 2023).
- Given the news yesterday about projected interest rate cuts, High Yield Savings and Treasuries are likely going to have lower returns. If you are looking for 5% returns in 2024, you might want to start looking at other investment options
The income ranges for deductibility of contributions to IRAs, Roth IRAs, and to claim the Saver’s Credit, all also increase in 2024.
We have quite a few clients maxing out their tax deferral through these contributions so we are excited to help you navigate them as we roll into the new year. Feel free to hit “reply” if this brings up any questions or thoughts. Happy to help you navigate and take the right action for you.
About the Un-Sale..
I love providing value for you all through this newsletter. I am touched by how many of you read it regularly (even though I am not as regular in writing it) and have replied with feedback or questions. Honestly the number of people asking for help has been a little overwhelming.
As a way of saying thank you, I want to tell you that I am running an “Un-Sale”.
This means the regular price of hourly consultations IS GOING UP in Jan 2024.
The pricing is going to jump from $250/hr to $500/ hr.
However, since you all are such an awesome bunch, I want you to lock in todays price before the price goes up permanently!
If you book a FREE intro call with me using this link before 12/31/2023 (the appointment date does not have to be in 2023), then I will honor the current price for you!
That’s all for today.
See you next month, and HAPPY HOLIDAYS!
P.S. - I also do Ask-Me-Anything Fridays on Linkedin, so join me there if you have questions in the future!
Fun Corners of the Internet
- One really cool podcast started by financial planner interviewing celebrities to show what he "softer" side of money looks like has all my attention right now.
Here is a talk the author gave that briefly goes over parts of the book if you are curious! - The state of the economy in one video.
- I am a sucker for movies. And a movie with Hrithik Roshan and Deepika? Sign me up!
Whenever you're ready, here are 2 ways I can help you:
- If you're looking for support with your finances, you can start a (free) conversation with me to see how I can help. Here is my calendar for a FREE 30 minute consultation
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- Not ready to commit? Email me your questions and I am happy to if I can get them answered in future editions of this newsletter.
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Hi! I'm Vrishin.
My newsletter helps immigrants understand the US financial system and puts you on the path to become a multi-millionaire. Fulfill your money dreams with Financial Planning for Millennial and Gen Z immigrants (H1B, L1, Green Card)
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