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Blogger Profile


Keith Schroeder

Blog Info

Name:
Wealthy Accountant
Category:
Early Retirement
Tags:
tax, taxes, tax planning, early retirement, investments, frugality, lifestyle
Start Year:
2016

Blogger Bio

Net worth:
Location:
Menasha, Wisconsin, United States
Age:
50s
Race:
White
Gender:
Male
Life stage:
SIK (Single Income, Kids)
Profession:
Accountant
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Latest Blog Posts

There is no question the tax code is massive. No matter how knowledgeable or experienced you are, mistakes will happen. The consequences of such mistakes can be minor or they can cost serious amounts of additional tax, interest and penalties. Filing an amended return is your only option after the due date, including extensions. An amended return solves most problems. Interest and penalties may apply. In some cases even an amended ...
Posted: Feb 21 2018 @ 9:33 AM
Frugal living is challenging at times. What seems like a meaningless small change can energize your budget and fire your investments on a steeper trajectory. Countless blogs and websites provide lists on how to save money. Turn out lights, turn down the heat in winter and the library are good ideas. Mr. Money Mustache has a strong drive to bike. On several occasions he has published on the benefits of biking. ...
Posted: Feb 19 2018 @ 9:25 AM
This week’s Stalking the Accountant edition is special. We had another drawing for cash prizes here at The Wealthy Accountant and it ended up a humbling experience where dozens of people will benefit far more than the minor investment of cash would indicate. The drawing pulled names from subscribers who opened their email of the latest blog posts. The winners of the $50 prize are: Source ...
Posted: Feb 17 2018 @ 9:17 AM
Members of the FIRE (financial independence/retire early) community might want to sit this one out. It’s going to get rough and I’m naming names! The concept we now know as the FIRE community has been around for a long time under different names. Frugality and minimalism come to mind. Talking with grandpa they held many of these values 70 plus years ago without a fancy name to make it cool. Many ...
Posted: Feb 16 2018 @ 10:17 AM
Every writing conference I’ve ever been to has a breakout session titled: PANTSER OR PLOTTER' Beginning writers flock to these things because they think it’s an important part of the writing process when the question is really a matter of personal work habits. Many successful writers plant their tail in front of the keyboard and start pounding out copy while others need a detailed plan before the muse flickers to life. Plotters ...
Posted: Feb 14 2018 @ 9:53 AM
Recent volatility and decline in the broad markets in the U.S has people wondering if the correction returned the market to typical valuations. There are several tools used to measure the market’s value. One of the most widely used is the price/earnings (P/E) ratio, derived by dividing a stock’s price by its trailing twelve months (TTM) earnings. The P/E ratio on the S&P 500 stands at 24.46 as I write (February ...
Posted: Feb 12 2018 @ 9:27 AM
It’s been an exciting week in the accounting world. The first full week of the traditional tax season is in the books with nine more left to go. As far as I can tell there have been no casualties. Your favorite accountant is happy to report this is the smoothest tax season in years in his office. Three or four years ago I met Mr. Money Mustache and he put me ...
Posted: Feb 10 2018 @ 9:45 AM
Tax season is still early in the tooth but patterns are starting to emerge. My software allows me to use current year data to estimate results based on the Tax Cuts and Jobs Act changes. With a couple hundred returns under the belt already the impact of the changes are mostly expected with a few surprises thrown in. Source ...
Posted: Feb 09 2018 @ 9:43 AM
Recent volatility in the stock market has people reassessing their appetite for risk. Investing in a bull market is easy as it seems the only way equities go is up. The recent bull market has an added way of lulling people into a false sense of security. Last year many indexes never saw even a 5% pullback even once. Some didn’t see a 3% decline at any point! This is a ...
Posted: Feb 07 2018 @ 8:56 AM
Those little devils are everywhere. Drone fever has swept the country and it has me hopping mad. In the last week my office has been buzzed every workday and the Accountant farm had its privacy disrupted three times. The animals hate it! Drones buzzing overhead send the chickens running for cover while the steers run the length of the pasture trying to get away. Privacy is the main concern at the ...
Posted: Feb 05 2018 @ 8:48 AM

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