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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

Burnout sets in post-tax season. Long hours working leads to exhaustion only to be repeated the next day eventually takes its toll. Recovery is less certain than in the past. Age is part of it, but the new tax code and demands from a wider audience also play a role. Due to these factors there will be significant changes to this blog going forward. The most notable change will be the ...
Posted: Apr 21 2018 @ 12:08 PM
As children we dream. We dream unfettered. We dream of traveling to the stars; we dream of life as a policeman, fireman or even a doctor. Some fall in love with numbers and can’t think of anything else. We dream of great discoveries as scientists or helping people reach their dreams and goals financially. Then we grow up. Society tells us we must prepare for retirement as soon as possible. The financial ...
Posted: Apr 19 2018 @ 2:44 PM
Tax professionals all have stories of clients who wanted to cheat on their taxes. It might be tempting to nudge the line a bit to the left to keep a client happy and collect a fee. But you need to think long and hard before you make your decision. If you prepare your own return you can avoid all the pesky demands of tax professionals to file an accurate tax return. ...
Posted: Apr 16 2018 @ 9:59 AM
There is a secret seldom spoken of by the financially independent. Those in the know can hear echoes of the secret periodically in the utterances from great financial leaders like Charlie Munger when he said the surest way to get in financial trouble is with the three Ls: liquor, ladies and leverage. Then Munger’s buddy, Warren Buffet, laughs about the comment in an interview saying Charlie was joking about the ...
Posted: Apr 12 2018 @ 9:51 AM
Determining your tax filing status can be tricky at times. I see the same questions on social media and a few times per year in my office where people are confused on what filing status to use when they are estranged from their spouse. On the tax subgroup in Reddit the question popped up a few times this tax season already and with two new clients in the past week. I ...
Posted: Apr 09 2018 @ 10:13 AM
Large international public corporations aren’t the only game in town. There is another world fraught with many risks and the promise of undiscovered gems worth many multiples of its listed price. These quasi-public companies are followed by virtually no one. Worse, audited financial data is hard to find if available at all. And the biggest problem of all: insider trading. People commonly call these unique animals penny stocks. They don’t always trade ...
Posted: Apr 05 2018 @ 10:00 AM
Yesterday was April Fools’ Day; it was also Easter. I couldn’t bring myself to pull a prank on the day celebrated by Christians of Jesus’ resurrection. But today is fair game! To lighten the mood as your favorite accountant traverses the bowels of the late stages of the current tax season I decided to publish something fun. (Well, it was fun to me.) Be forewarned. After two months of sleep deprivation ...
Posted: Apr 02 2018 @ 9:25 AM
Building wealth is simple when you understand the rules. Spending less than you earn provides seed capital for investments. Index funds provide the opportunity for superior growth with reduced risk due to diversification across the broad economic spectrum. Once you have the basics it becomes clear you need additional cash management tools to serve your financial needs. Short-term cash for emergencies or living expenses are best held as bank deposits or ...
Posted: Mar 28 2018 @ 9:14 AM
Twin brothers walk into the Wealthy Accountant’s office. One brother is as smart as a whip with an IQ of 147 and a wiz with numbers. The other twin, while looking identical to his brother, is a bit short in the mental category. The less bright brother is hard working, but knows he can’t outthink his twin brother. Which twin do you think has the greatest financial advantage' Which one is ...
Posted: Mar 26 2018 @ 9:16 AM
As regular readers will attest, I’m getting punchy at this point of tax season. Don’t worry. The insanity will pass (maybe). This is the point where very difficult and unique tax returns show up on my desk. To clients: I’m making headway. Slower than the early part of tax season, but still peeling off work at a good clip. I still need to focus on quality over speed and some of ...
Posted: Mar 24 2018 @ 9:46 AM

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