Blog Posts

LTCG roth conversions tax gain harvesting

Long Term Capital Gains, Roth Conversions and Harvesting Gains

In my previous post we covered how long term capital gains are calculated, and I made available an excel sheet that allows you to play with the numbers. In today’s post we are going to pick up where we left off and explore the following topics: How Roth conversions affect […]

taxation long term capital gains

Understanding Taxation of Long Term Capital Gains

In early retirement we plan to live off of our investments. This means that our primary sources of income are going to be long term capital gains and, to a lesser extent, dividends. It therefore behooves us to understand precisely how taxation of long term capital gains works in the […]

On the path to financial independence: May 2017

May was a tranquil month at the BITA household. For once our possessions did not demand repairs or replacements, nor did our dependents require medical attention to body, mind or tooth. There were no birthdays or anniversaries. A month of financial bliss!   This month we did nearly all our […]

What Are Your Superpowers?

Being an immigrant, even one as pampered as I was, isn’t easy. I did not flee persecution. I did not run in the dead of the night, leaving behind my material possessions. I did not fear for my life. I did not have to board an overcrowded boat, and pray […]

Immigrants on FIRE

Immigrants on FIRE: Lazy Retiree

Immigrants on FIRE is a new interview series on Bayalis Is The Answer. In this series I chat with first generation immigrants to the United States who are pursuing financial independence and/or early retirement. Immigration requires a certain measure of boldness, and a certain aptitude for adventure. I find the […]

A Plan from 1946 for the Intelligent Spending of Money

A user (/u/nope-nobody-ever) on the /r/financialindependence subreddit recently shared with the group excerpts from his grandmother’s budgeting journal dated 1946. I found what was shared fascinating, and took permission to share the journal with you (thanks again /u/nope-nobody-ever). Join me as we saunter down memory lane and study the budgets […]

guide to HSA

The Hitchhiker’s Guide to Health Savings Accounts (HSAs)

The Health Savings Account (HSA) is the darling of the personal finance world. It struts and preens and shows off its triple tax advantages, much to the envy of the far less fancy IRAs and 401ks. The HSA is sexy, and it knows it. Today’s beast of a post, in […]

4 percent rule

Have you ever asked yourself: 4% of What?

The Trinity Study and the 4 percent rule of safe withdrawal form the bedrock of the financial independence and early retirement movement. If we did not believe that there exists some safe withdrawal rate that offers us a high probability of success should we choose to subsist off of the […]

what will you leave behind?

What Will You Leave Behind?

My home country of India has had more than it’s fair share of truly crappy politicians. Corruption is rampant at both the state and national levels. Every politician seems hell bent on outdoing the next in reaching new venal heights. As an example of what I am talking about, I […]

early retirement stay-at-home parent

Am I Really Retiring Early?

As the name of my blog constantly reminds both you and me, I plan to retire on the 1st of January 2021, at the ripe old age of 42. But (cue discordant music) Mr. BITA will not be retiring in January 2021. Is it then fair for me to claim […]