How We Plan to Save $45,000 Next Year
As we head into the final stretch of 2018 … it is now time to start making plans for 2019 and our personal finances. This year (2018) was the first time ever that my wife and I fully optimized our income to reduce our federal taxes. Based on current tax laws, we were able to […]
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2018 Retirement Investing Strategy: 3rd Quarter Updates
At the start of this year … my wife and I set a goal to pay $0 in federal taxes in 2018. Up until a year ago, I didn’t even know this was possible … especially when my wife and I have around $100,000 of annual W-2 wages. But when I read how another blogger […]
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2018 Retirement Investing Strategy: 2nd Quarter Updates
About a year ago … I had a light bulb moment. After I read how one blogger made a 6-figure income and paid no federal tax, I realized that our family could do the same. By making just a few simple changes, I calculated we could earn over $100,000 of W-2 wages and not pay […]
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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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