2018 Retirement Investing Strategy: 1st Quarter Updates
It was about 6 months ago when I realized I was missing out o a great opportunity on our path to financial independence. For as long as I can remember filing our taxes … my wife and I have always gotten back a nice return. I always used these refunds to help invest in our […]
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Ways We Can Boost Our Income This Year
I recently covered how tax optimization could allow us to earn an extra $42,000 of income this year (2018) … and pay only $51 in federal tax. Based on our available retirement account buckets (pension, 401k, 457, and IRA accounts), child tax credits, and the standard deduction for married filing jointly … we can earn […]
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How Tax Optimization Will Save Us Thousands of Dollars as Our Income Grows
Starting this year (2018), we are set to save an extra $2,000 to $3,000 of our income. This savings isn’t coming from cutting our cable (already did that) or eating out less (we never eat out anyway). These thousands of dollars are being saved through tax optimization. Based on the current tax law and our […]
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Retirement Investing: Our Strategy for 2018
As I sit here now writing this almost half way through February (2018), the stock markets have been on a wild roller coaster. Some investors who were not around in 2008 to 2010 have never witnessed this type of volatility and correction. Others may have forgotten that … yes the market does go down. I’ll […]
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Why Are We Optimizing Our Roth Contributions Now?
My wife and I have a goal of paying $0 in federal taxes this year. There is nothing illegal about it. We are not trying to cheat the system. Instead, we are trying to optimize how we earn our income and where it all ends up by using current tax laws. Our goal is to […]
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