2210: A Surprising Contender for Tax-Efficient Retirement Saving by Darrow Kirkpatrick

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 19 February 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Darrow Kirkpatrick of Can I Retire Yet shares a surprising contender for tax-efficient retirement saving. Episode 2210: A Surprising Contender for Tax-Efficient Retirement Saving by Darrow Kirkpatrick Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience. When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did. More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design. The original post is located here: https://www.caniretireyet.com/surprising-contender-for-tax-efficient-retirement-saving/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This summer, it's time to get to know the players and your taste buds.
0:08.9	Stats don't lie.
0:09.9	If 70% of the UK prefers to taste the Pepsi Max, you probably prefer Pepsi Max.
0:15.4	First, for more, visit pepsimax.wispotify.com to enter our quiz to win gig tickets and
0:20.5	find your perfect playlist.
0:22.2	UK blind tastes test of over 34,000 people versus UK's biggest selling full sugar cola.
0:26.5	The verification goes to pepsi.co.uk forward slash FAQ.
0:30.7	This is Optimal Finance Daily Episode 2210, a surprising contender for tax-efficient
0:36.7	retirement saving by Darro Karpatric of caniretireyet.com.
0:41.8	And I'm your host and personal finance enthusiast, Diana Mariam.
0:46.0	Now let's get to today's post as we optimize your life.
0:53.8	A surprising contender for tax-efficient retirement saving by Darro Karpatric of caniretireyet.com.
1:02.4	Samuel Fudd, famous British comedic actor of his time, was chatting with a member of
1:06.8	the Royal Court.
1:08.3	The entitled Aristocrat complained bitterly of having been thrown out a second floor window
1:13.3	for cheating at cards.
1:15.4	Fudd's advice?
1:16.4	Don't play so high.
1:18.8	One secret to successful retirement saving, in addition to getting started, is to avoid
1:23.6	paying taxes, especially in high-income tax brackets.
1:28.1	When you put your retirement money into play at higher tax rates, the government gets
1:32.5	more of it.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.