A CPA Dissects and Critiques a FIRE Plan

Do you understand all of the laws, regulations, and scenarios that could affect you, your money, how you access it, and how much you have to turn over to the feds and, if applicable, your state and local municipalities?

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Sometimes a little professional advice–someone who’s seen a lot, been through it before, and knows all of the ins and outs–is definitely warranted, especially if you have doubts yourself.

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But honestly, I feel much more confident writing about finance than I do about our own finances. There are just so many people promoting financial advice on the internet that I sometimes doubt my own decisions.

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I decided to spend the money to meet with a tax professional to discuss FIRE. And we had the best conversation about tax strategies, early retirement, and college savings plans.

[{"selector":"#anim-3962f5df-0852-47f9-810e-061e41f663be","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fef0a4bd-195c-446f-b585-5efa2cd8bb8b","keyframes":{"transform":["translate3d(0px, -99.4978%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

A CPA Dissects and Critiques a FIRE Plan

Before I tell you what I learned from the CPA, you need to know where we are in our FIRE journey.

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Assets

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Asset Allocation

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A CPA Dissects and Critiques a FIRE Plan

Do you understand all of the laws, regulations, and scenarios that could affect you, your money, how you access it, and how much you have to turn over to the feds and, if applicable, your state and local municipalities?

Sometimes a little professional advice–someone who’s seen a lot, been through it before, and knows all of the ins and outs–is definitely warranted, especially if you have doubts yourself.

But honestly, I feel much more confident writing about finance than I do about our own finances. There are just so many people promoting financial advice on the internet that I sometimes doubt my own decisions.

I decided to spend the money to meet with a tax professional to discuss FIRE. And we had the best conversation about tax strategies, early retirement, and college savings plans.

A CPA Dissects and Critiques a FIRE Plan

Before I tell you what I learned from the CPA, you need to know where we are in our FIRE journey.

Where Are We in Our FIRE Journey?

Assets

Asset Allocation

SWIPE UP NOW TO READ MORE

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