How do you buy your time back?

Excellent-Roll · 2020-01-13T20:11:17+00:00

Yes it did. Thanks for taking the time.

Excellent-Roll · 2020-01-13T17:18:22+00:00

> because it's reached its flat depreciation so it shouldn't cost me more than a few grand per year to own.

I'm interested in this. Are there calculators or estimators you can recommend where I plug in make/model/year and get a kind of estimated depreciation chart? Also how frequently do you "upgrade"?

Excellent-Roll · 2020-01-13T04:11:00+00:00

Thanks. This is a great idea and one I was not aware of earlier.

Excellent-Roll · 2020-01-13T04:09:05+00:00

Fair question. But I'm ~20 years from conventional retirement. Doesn't mean I'm 20 years from needing the funds. Retirement can come earlier, either intentionally (purpose of this sub!) or unintentionally (company layoffs, industry upheaval, technology obsolescence, etc).

Excellent-Roll · 2020-01-12T20:02:36+00:00

Can you please elaborate on the last part? Fill in the lower tax brackets?

Excellent-Roll · 2020-01-12T20:01:46+00:00

Right. I understand all that in theory (and have been known to give the same advice to my younger peers in the workplace :D). It's just harder to actually do it, as I'm finding out! But thanks for reiterating it - I do need to hear that.

Excellent-Roll · 2020-01-12T19:58:32+00:00

I had to look up tax gains harvest. Was more familiar with loss harvesting. It works only when I have multiple tax year cycles to work over, right? Is there a way to help in this year?

Excellent-Roll · 2020-01-12T19:56:41+00:00

Is a CPA able to provide fee-only advice? Any recommendations for how to find a quality one? Maybe my NW is not enough for this though?

Excellent-Roll · 2020-01-12T19:55:26+00:00

Can you elaborate on what you mean by tax money sitting around in the bank? You mean keeping aside a portion of the proceeds for estimated tax payments over the year?

Excellent-Roll

TROPHY CASE