Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Retirement Prep 101
Old 07-11-2019, 11:35 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 6,194
Retirement Prep 101

Here is a 17 minute presentation on a subject near/dear to most of us here-saving for retirement.

Kevin Bracker, a finance professor at Pittsburg State University in Kansas, presents a solid retirement strategy to workers with limited resources who need to get smart about saving and investing.
While not exactly a lively speaker, Bracker explains the most important concepts clearly why starting to save early is important, why index funds are often better than actively managed investments, the difference between Roth and traditional IRAs, etc.

https://squaredawayblog.bc.edu/squar...ment-prep-101/
__________________

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-12-2019, 05:16 PM   #2
Full time employment: Posting here.
Offgrid Organic Farmer's Avatar
 
Join Date: Feb 2018
Location: An Un-Organized Township of Maine
Posts: 531
Quote:
Originally Posted by mickeyd View Post
... why index funds are often better than actively managed investments,
'often' Hmm.

I have never invested in any 'index fund'. But this makes me wonder about how much tax-sheltering index funds provide?

My investments provided tax-sheltering over my salary income.

From 1983 until I retired in 2001, I filed income taxes every year, but I did not pay income taxes during any of those years. Because we maintained our taxable income less than the tax shelter that we had.
__________________

__________________
Retired at 42 and I have been enjoying retirement for 18 years [so far].
Offgrid Organic Farmer is offline   Reply With Quote
Old 07-13-2019, 08:32 AM   #3
Thinks s/he gets paid by the post
 
Join Date: Jun 2017
Location: Western NC
Posts: 1,284
Quote:
Originally Posted by Offgrid Organic Farmer View Post
'often' Hmm.

I have never invested in any 'index fund'. But this makes me wonder about how much tax-sheltering index funds provide?

My investments provided tax-sheltering over my salary income.

From 1983 until I retired in 2001, I filed income taxes every year, but I did not pay income taxes during any of those years. Because we maintained our taxable income less than the tax shelter that we had.
Real Estate is normally a second job, how many want to take that on?
ncbill is offline   Reply With Quote
Old 07-13-2019, 09:33 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 21,247
Quote:
Originally Posted by ncbill View Post
Real Estate is normally a second job, how many want to take that on?
+1 And IIRC from earlier threads, this poster's understanding of "tax sheltering" was, ummm, questionable?

-ERD50
ERD50 is offline   Reply With Quote
Old 07-13-2019, 12:23 PM   #5
Full time employment: Posting here.
Offgrid Organic Farmer's Avatar
 
Join Date: Feb 2018
Location: An Un-Organized Township of Maine
Posts: 531
Quote:
Originally Posted by ncbill View Post
Real Estate is normally a second job, how many want to take that on?
My career was mostly deployed, my wife needed something to keep her busy.

As a 'non-passive' activity the depreciation losses were subtracted from my salary income, which kept us from paying income taxes. All while building equity, that we later used to buy our retirement home.
__________________
Retired at 42 and I have been enjoying retirement for 18 years [so far].
Offgrid Organic Farmer is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
A prep for retirement story palomalou Other topics 27 06-30-2011 06:01 PM
A critique of "Missed Fortune 101" Silhan FIRE and Money 78 04-13-2008 09:45 PM
101 Ways to $ave BUM FIRE and Money 39 01-09-2006 05:12 PM
Fund Choices 101 Da Nag FIRE and Money 3 12-04-2005 08:19 PM

» Quick Links

 
All times are GMT -6. The time now is 11:21 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.