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10 High-Income Tax Planning Strategies to Complete Before 2025: A Year-end Checklist

Harness Wealth

Fully Utilize Tax-Advantaged Retirement and Savings Accounts There are multiple steps you can take using retirement accounts to reduce your taxable income. Contribute to Tax-Advantaged Retirement Accounts Do your best to fully contribute to one or multiple tax-advantaged retirement accounts, such as 401(k), 403(b), or IRAs.

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The Man Who Retired at 27: Why You Should Consider House-Hacking

Mr. Money Mustache

I was “The Man Who Retired at 30”, and it was so unusual that it would show up in news headlines all over the place. My story was a nine-year working career, and retirement at 30. So at the end of year one, Curelop’s portfolio looked like this: 2018: Bought a second house for $343,000 ($27k down including some upgrades).

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The Traditional IRA vs. the 401(k) Plan – Which Plan Wins?

Good Financial Cents

It’s one of the best strategies to supercharge your retirement savings, especially for early retirement. That means wages, salary, commissions, self-employment income, or contract income. There's no time like the present to begin preparing for your retirement. of providing tax-free income in retirement.

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16 Ways to Invest $30,000 in 2023

Good Financial Cents

Index funds have become popular among the FIRE (financial independence, retire early) crowd, and for a good reason. 2018: – 6.24%. Commission-free investing Allows fractional shares in stocks, ETFs Small minimum investment: $100. Invest in Farmland. Open a Health Savings Account (HSA). Pay Off High-Interest Debt.

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Why Portfolio Diversification is for the Ignorant Investor

Risk Management Guru

Investors are much better if they did their own research and concentrated their funds in companies they understood while benefiting from commission-free platforms available nowadays. Forbes , Forbes Magazine, 25 July 2018, [link]. Works Cited. Graham, Benjamin. The Intelligent Investor. Harper, 2006. Town, Phil, and Phil Town.

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Does being a fiduciary financial advisor REALLY matter – or is it “meh?”

Sara Grillo

If their sole method of compensation is a product, and/or they are taking commissions, then in reality it is less likely they are embracing all the values that the standard requires. Commissions are opaque. She was awarded a JD in September 2018 and passed the California Bar Exam in February 2019. Insurance is opaque.

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Siemens Deferred Compensation Elections for Former Employees of Mentor Graphics: 4 Steps to Consider

Cordant Wealth Partners

Deferring taxes one year before retirement and then over a 10-year distribution schedule has value, but deferring taxes for 20 years (allowing your money to grow pre-tax) has a lot more value. So, you have a situation where you might not see your money until as much as ten years after you retire. Siemens Matching Benefit.