Rich Girl Roundup: What Do I Do Financially in My 30s?
Sep 4, 2023
The podcast discusses financial advice for people in their 30s, including tax planning tips and considerations. It also explores the concept of expansive thinking and the importance of saving for childcare and elder care. The hosts discuss the physical changes that occur in your 30s and the need to take care of your health.
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volunteer_activism ADVICE
Mid-Year Tax Check-In
Check the IRS tax calculator periodically, especially if your income fluctuates.
Adjust withholdings as needed, preferably by mid-year, to avoid end-of-year surprises.
insights INSIGHT
S-Corp Considerations
S-corp status may not provide full self-employment tax savings if you have other W-2 income.
Consider your overall tax situation and consult a professional before electing S-corp status.
insights INSIGHT
Marriage Tax Quirks
Married filing jointly usually offers tax benefits, but high-earning couples (above $1,156,250 combined) may face a higher tax burden.
Consult a tax professional to determine the optimal filing status for high-income situations.
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There's a lot of financial advice out there about what to do in your 20s—but what about your 30s? We also chat through a few pieces of feedback from last week's Rich Girl Roundup on taxes.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Reminder: While we love diving into investing- and tax law-related data, we are not financial professionals. We have no formal financial education. We are not financial advisors, portfolio managers, or accountants. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
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