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the IRS cleaned out my savings

25.6K views· 425 likes· 21:27· Apr 16, 2024

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Happy Tax Day! Or if you’re like me and navigating taxes while self-employed for the first time: condolences. I thought that being in a lower tax bracket (https://cecexie.substack.com/p/financial-fears-of-the-top-5) meant that I would pay a lower percentage of my income in taxes (because that would make sense, right?), but it turns out this is just further evidence that I am terrible with money and finances. In this video accompaniment to my newsletter (https://cecexie.substack.com/p/the-irs-cleaned-out-my-savings) , I talk about the shock of seeing my tax bill, why high-salaried people can still be terrible at personal finance, and how I think through whether to apply to jobs again or liquidate my investments/withdraw early from my 401(k). When do you call, when do you fold, and when do you raise? Read the full essay on my newsletter, debrief: https://cecexie.substack.com/p/the-irs-cleaned-out-my-savings This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit cecexie.substack.com/subscribe (https://cecexie.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2)

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