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Keith Schroeder

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Wealthy Accountant
Early Retirement
tax, taxes, tax planning, early retirement, investments, frugality, lifestyle
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Net worth:
Menasha, Wisconsin, United States
Life stage:
SIK (Single Income, Kids)
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Latest Blog Posts

Kurt Vonnegut, Jr. published Harrison Bergeron in 1961. His short story illustrated the ultimate end of inequality as only the humorist could. Today we think of inequality in term of race, gender or income. Vonnegut knew this was only background noise to the real issues of inequality. In Harrison Bergeron the attempt to erase all inequality is taken to a whole new level. Beauty, strength and mental capacity were also dished ...
Posted: Mar 21 2018 @ 9:36 AM
It happens to everyone eventually. Long hours at the office or illness or other stress leads to fatigue. Then you get behind the wheel. Distracted by your own issues, another driver cuts in front of you and you react in the nick of time. Your heart races as you speak in a foreign language consisting entirely of four-letter words. The other driver waves a quick apology and keeps going. Angered by ...
Posted: Mar 19 2018 @ 8:40 AM
Thursday this week was the due date for calendar year S corporations and partnerships. We are in the heart of tax season and your favorite accountant is feeling the strain. Stress is okay as workflow is moving reasonably well with a few notable exceptions I intend to rectify. The April 17th deadline looms. Source ...
Posted: Mar 17 2018 @ 9:29 AM
My youngest daughter turned 18 on Wednesday and while Mrs. Accountant and I are not yet officially empty nesters the handwriting is on the wall. High school needs to be finished and an adjustment into adulthood is in order before she leaves. The timing is the only thing undecided. My oldest daughter (I have two girls) stuck around home milking mom and dad for all it was worth. At first the ...
Posted: Mar 16 2018 @ 8:28 AM
I’m different. I’ve always been different. I was born with a big disadvantage. Before I was a year old I had more surgeries than most people in a lifetime. At twelve I started taking over a dozen medications. Pill after pill is cut and placed in a dispenser like that of a 90 year old man. Dad picks on me that all the pills I take are a meal in itself. ...
Posted: Mar 14 2018 @ 8:24 AM
As a society we think of certain people as more prone to ethical lapses. This might be the result of the professions involved. Police officers make repeated ethical decisions every day. Judges, prosecutors and even jury members must deal with their personal ethics and that of others. But law enforcement or military personnel aren’t the only ones thrust into serious choices. Attorneys and doctors are forced into making decisions that ...
Posted: Mar 12 2018 @ 8:19 AM
The dog days of tax season are here. I’m dead tired and not as caught up as I was a week ago. Missing documents and research put me in a minor bind. Still looking good, but for the record, I took a short nap at my desk Friday. I was cooked. I’m off Saturday, but working Sunday to prepare for a phone meeting with Mr. Money Mustache. The quiet, empty ...
Posted: Mar 10 2018 @ 9:59 AM
Bulls make money. Bears make money. Pigs get slaughtered! —Old Wall Street Adage Back in the early days of my career the investment industry and the tax/accounting industry tried to merge. To be fair it was the investment industry’s idea. Tax offices were the perfect partner to sell securities (usually mutual funds with a respectable dose of insurance thrown in for good luck). Virtually every small accounting firm took the plunge. Accounting ...
Posted: Mar 09 2018 @ 8:49 AM
The accounting industry has been consolidating for decades. When I started my practice in the 1980s the local newspaper had several pages of business card sized ads hawking the wares of local tax offices and CPA firms. Today you would be hard pressed to find an ad (outside the massive DIY tax software) by any tax or accounting firm even in the depths of tax season. There are several reasons why ...
Posted: Mar 07 2018 @ 9:26 AM
What is so bad about a tariff' It raises money to pay for the recent tax cuts. It promises to raise prices for steel and aluminum manufacturers. Some laborers stand to benefit from higher wages and with less competition, more job security. At face value it sounds like a good idea! Of course, it only works if the tariff takes place within a vacuum. The tariffs Trump promises this week are ...
Posted: Mar 05 2018 @ 9:06 AM


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