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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Over Contributing to Tax Efficient Accounts

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Education, Investing, Self-improvement, Business, Real Estate, Money

4.6858 Ratings

🗓️ 4 December 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

On this episode of DIY Money, Quint and Daniel discuss what happens when you contribute over the maximum in a retirement or HSA account.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, this is Daniel. Thanks for listening to DIY Money. If you haven't already, be sure to give us a five-star review on iTunes so your friends know that they can learn from the show. Now, enjoy the show.

0:16.6

Welcome back, ladies and gentlemen, you're listening to another edition of DIY money.

0:22.1

DIY money.

0:22.8

What shaken, Daniel?

0:24.1

Beautiful day.

0:24.9

It snowed.

0:26.0

Yeah, it did.

0:26.8

We had a dusting.

0:27.8

A dusting, which is the perfect kind of snow for Kentucky.

0:30.3

Is it legit that I saw a blip on social media that said the Buffalo region, which is where I grew up, is expecting

0:41.0

the worst snowfall snowstorm in like 25 years or something like that. Have you heard about this?

0:49.5

And shoot, a bumble snow monster of the north strikes again. So you have heard about Logan, that was Logan chiming in, who doesn't have a mic. Like, you can't chime in. Like, nobody heard you. He said three to five feet. You know what it was like when I grew up? Sounds average. You grew up outside of Chicago. You had snow. We had some snow. I mean, it was like you get a foot and you'd go to school.

1:15.7

Clear off the roads, bada bing, you're there.

1:18.3

I don't know if they still do that or if that was just a prior generation.

1:21.1

Oh, no, they still do that.

1:21.5

Okay.

1:22.0

Well, here's the deal.

1:23.6

They do that until the temperatures.

1:26.7

Now they're sensitive to the temperatures.

1:28.6

Well, we had temperature cutoffs because you can't be at the bus stop under a certain temp.

1:32.4

But, yeah, the bus would come barreling down, the snowy roads.

1:35.8

Well, they just had the equipment to do that.

...

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