Retirement Prep 101

[mickeyd]

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/squared-away/video-retirement-prep-101/

 

[Offgrid Organic Farmer]

... 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.

 

[ncbill]

'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?

 

[ERD50]

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

 

[Offgrid Organic Farmer]

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.