Picture this. It’s a beautiful Saturday morning and your schedule is totally free. As a result, you’ve made plans to do exactly what any of us in a similar situation would do, eat pancakes! You travel to the finest breakfast establishment in your area, order a full stack of pancakes, […]
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Retire Early And Pay Zero Income Taxes…Forever
Although your taxes may be lower than you think there’s a good chance you still spend a significant portion of your income on taxes each year. Generally speaking, if you get a paycheck, a portion of it will be going to the government in the form of taxes. In fact, the government […]
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Instantly Increase Your Investment Returns With Tax-Loss Harvesting
What if I told you there was a way to instantly increase your investment returns with just a few minutes of work per year? What if I also told you that, not only is this method still useful during periods of market decline, it actually becomes more effective when the […]
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Pre-Tax Investments (Not Roth) Are The Best Choice For Building Wealth
(Though it’s not required, it may be helpful to read my previous post about progressive taxes, before diving into this post.) The classic pre-tax (e.g. Traditional IRAs and 401(k)s) vs. Roth comparison usually goes something like this… AssumptionsInitial Investment = $10,000Tax Rate = 25%Total Investment Return = 900% (i.e. 10x) […]
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Your Taxes May Be Lower Than You Think
I recently had a discussion (debate) with a friend of mine comparing the benefits of pre-tax investments to those of Roth investments. I argued that, while there are many cases where Roth investing would be more advantageous/practical for the average person, pre-tax is usually the best choice mathematically. I presented […]
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Investment Hierarchy: Top 7 Investments For Retiring Young
When you make the decision to become an early retiree, one of the first things you’ll realize is that there are many, many different choices when it comes to investment accounts. 401(k), IRA, HSA, 457, 403(b), Roth, Taxable…the list can get pretty extensive. Each of these accounts has its own […]
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