My Story: Retirement By Age 34 – Part 2

At age 25, for the first time in my life, I actually had extra money!  I started working, paying off my immediate debts and started saving some money in the bank.  Like most young people, I didn’t know what to do with my money, but keeping it in the bank seemed like the sensible thing.  I made a few inexperienced mistakes a long the way, which we can go through along the way.

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How To Minimize Taxes During Retirement

If you’re like me, you have a 401k, Roth IRA, taxable brokerage accounts, and you’ve contributed to social security through the years.  All these vessels have different tax benefits and tax requirements when you make your distributions.  Here’s how I would maximize my money by minimizing taxes.  This will be applicable if you’re retiring now, helping your parents out, or if you’re planning for the future which I am.

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Retirement Guide: Investing Basics

I like to simplify things that are really complex.  Investing can be as complicated as you want it to be.  You and I probably don’t have time to dedicate ourselves to understanding every investment opportunity, but I have 3 rules for retirement investing.

  1. Put your money where it averages the greatest returns long term (10+ years)
  2. Treat retirement accounts as insurance for not having money when you’re old
  3. Passive indexing and rebalance periodically

Sounds simple enough, but it is somewhat complicated by taxes, deductions, interest rates, inflation, and sales people selling terrible financial products (whole life insurance). >_<

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