I recently shared some thoughts on how to become Financially Independent in the shortest possible time by leveraging tax advantaged accounts such as the 401k, 403b, HSA, and Traditional IRA. Taking advantage of all possible tax deductions Today is a great way to Turbocharge Your Savings, accelerating Financial Independence by years
I even made some disparaging remarks about the Roth IRA. Some reader’s pushed back, which is always a good thing.
I will explain the reasons that I believe the Roth 401k and IRA are the least advantageous investment choices. Furthermore, I will provide an overall recommendation for where to save for Financial Independence
I’m not going to lie, being financially independent is nice. It enables choice and opportunity. We can choose to earn an income, or not. We can choose to remain in one location, or not. We can pretty much choose to do anything we want, when we want, and how we want.
In fact, I’m pretty sure there is only one thing better than being financially independent: Being financially independent SOONER!
How would you like to accelerate your savings, becoming financially independent years ahead of schedule? What if you could do this without saving even 1 extra dollar? Not one!
Welcome to the First Official Go Curry Cracker Financial Review! In a series of new posts, I will review the financial situation of an anonymous reader, and provide actionable recommendations
The lucky winner of our Financial Review goes to reader Bob. We exchanged many emails over the holidays, and put together a great plan that will help Bob and his wife overcome their financial concerns, retire earlier, and save $1.5 million or more in taxes
Along the way we learn about RMDs, and the sweet deal that Federal employees have in terms of pension and health benefits
Hey Jeremy and Winnie
Love your site! My wife and I have been talking about ER for some time now but are scared to death of running out of money and are worried we haven’t saved enough. Your tax-free approach is a different take of which you don’t hear a lot of folks talking about. I just turned 57 and she is 54. Getting a little freaked out about retiring at this age. ;)
It’s that time of year again, when the stars align and wonderful things happen. No, not the holidays. Tax time!
That’s right, before the end of the year we need to implement all of those tax minimization strategies that allow us to defer, minimize, and eliminate taxes
I just completed this process for the year, effectively completing our 2014 taxes.
Total time? 7 minutes
I have tax time down to an art. Here is how I did it
Our post on how you can Never Pay Taxes Again has been quite popular. It has been linked to, shared, cited, viewed, searched for, and commented upon more than any other post. Many people love it, and are excited about the possibilities. Others wonder, “Is it real?” After all, if it sounds too good to be true, it usually is.
Let’s see what happens when the rubber meets the road. And what better example than to review our very own 2013 Taxes?
