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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

Retirement, or at least the ability to to live a hedonistic lifestyle, appeals to many people. Age has nothing to do with it. Punching a clock working for the man get old real fast when you don't have perspective. Until you realize how useless life becomes when you spend each day creating no value and have no real reason to live. Then the job looks more appealing. Or starting a ...
Posted: Jan 21 2019 @ 9:45 AM
"Start a side hustle or small business" is a common refrain when working to reduce debt or retirement planning is involved. It all sounds easy on paper until you realize most businesses fail within a year or so. The problems with starting a business are myriad. Most businesses fail because they either have too little or too much business and the problems begin with the price or fee charged the customer. Yes, ...
Posted: Jan 14 2019 @ 11:28 AM
My grandfather always had a saying that has stuck with me: Never take off the pile. Granddad was an old farm boy living the dream in the backwoods of Nowhere, Wisconsin. He lost the farm in the farm crisis of the early 1980s and then rebuilt his fortune doing nothing more than saving a serious portion of all his income. Most money was only deposited in bank accounts. And he ...
Posted: Jan 07 2019 @ 12:00 PM
There are many forms of communication; none are as vital as the written word. It is the edited word which conveys more information than any other media. Sure, video is superior when showing majestic vistas, but words, when edited well, are the most powerful learning tool we have. There is a reason the written word has survived so long even with radio, television and YouTube desperate to overturn the monarchy. Wealthy ...
Posted: Dec 31 2018 @ 11:38 AM
When you become a parent, another person's life is in your hands. It's scary and exciting all at once, and you only start to feel confident in your new role once you have a few years of experience under your belt. However, there's one big step you can take now to ease your fears, and that's handling your financial planning. Financial planning is about more than funneling money into a retirement ...
Posted: Dec 24 2018 @ 11:22 AM
The Tax Code doesn't treat casual gamblers very well. On the one hand the odds are stacked against you winning (those fancy casinos were built on losers, not winners). And on the other hand winning can be worse than losing when the taxman gets a hold on you. Recent tax law changes turned a bad situation worse. The higher standard deduction means fewer people will benefit from deducting gambling losses since ...
Posted: Dec 18 2018 @ 10:33 AM
Once again we see the market throwing a temper tantrum. On the way up it was tempting to handle your investments on your own. Now with the horizon less clear and a modest correction in the books as I write, you wonder if professional help might be worth the extra expense. Those most knowledgeable about money resist the advice of commissioned (or fee-based) professionals. As everyone know, fees have serious consequences ...
Posted: Dec 11 2018 @ 10:11 AM
Most of the time the stock market is climbing north. Interspersed between bull markets are those times when rookie investors act as if the sky is falling. Long bull markets turn normally intelligent investors into casino gamblers; they even use gambling terminology: we're due for a bear market or as they say at the casino, "Red is due after 8 black spins" at the roulette wheel; as if the ball has ...
Posted: Dec 03 2018 @ 10:52 AM
The literature is largely silent on what you should do once you attain financial independence(FI). Plenty has been written about building wealth and how much is needed to reach FI and how much you can safely withdraw each year in retirement. Plenty of debate has also revolved around paying off the mortgage — any debt for that matter — versus plowing the excess payments into investments that pretend to offer a ...
Posted: Nov 26 2018 @ 10:00 PM
Paying off the mortgage is the American Dream and the first step toward retirement; it's harder to retire with a mortgage payment blowing a hole through a fixed budget. Owning your home is the foundation of any vibrant financial plan. Until your home is unencumbered (without a mortgage) the bank still owns it in a manner of speaking (and they'll remind you of it if you miss a payment). Still, a ...
Posted: Nov 20 2018 @ 12:07 AM

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