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Buffett on retirement
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
FOR PEOPLE RIGHT NOW WHEN IT COMES TO SAVING . >> I THINK IT'S THE SAME THING THAT MAKES MOST SENSE FRANKLY ALL OF THE TIME, AND THAT IS TO CONSISTENTLY BUY AN S&P 500 LOW COST INDEX FUND. KEEP BUYING IT THROUGH THICK AND THIN, AND ESPECIALLY THROUGH THIN. BECAUSE THE TEMPTATIONS GET — WHEN YOU SEE BAD HEADLINES IN NEWSPAPERS, MAYBE TO SAY WELL MAYBE I SHOULD SKIP A YEAR OR SOMETHING. JUST KEEP BUYING. AMERICAN BUSINESS IS GOING TO DO FINE OVER TIME. SO YOU KNOW THE INVESTMENT UNIVERSE IS GOING TO DO VERY WELL. THE DOW JONES INDUSTRIAL AVERAGE WENT FROM 66 1,497 IN ONE CENTURY, AND SINCE THAT CENTURY HAS ENDED, IT'S MORE OR LESS DOUBLED AGAIN. AMERICAN BUSINESS IS G. THE TRICK IS NOT TO PICK THE RIGHT COMPANY, IT'S TO BE — BECAUSE MOST PEOPLE AREN'T EQUIPPED TO DO THAT. AND PLENTY OF TIMES I MAKE MISTAKES. THE TRICK IS TO ESSENTIALLY BUY ALL THE BIG COMPANIES THROUGH THE SFUND AND TO DO IT CONSISTENTLY, AND TO DO IT IN A VERY, VERY LOW COST WAY. BECAUSE COSTS REALLY MATTER. AND INVESTMENTS, IF RETURNS ARE GOING TO BE 7% OR 8% AND YOU ARE PAYING 1% THROUGH FEES, THAT MAKES AN ENORMOUS DIFFERENCE IN HOW MUCH MONEY YOU HAVE ON RETIREMENT.
>> AT THE ANNUAL MEETING FOR BERKSHIRE HATHAWAY THIS YEAR, YOU INTRODUCED A SPECIAL GUEST TO THE AUDIENCE OF 40,000 SHAREHOLDERS WHO WERE WATCHING. IT WAS JACK VOGEL. WHY DID YOU WANT TO RECOGNIZE JACK VOGEL? >> I THINK JACK VOGEL HAS DONE MORE FOR AMERICAN INVESTORS THAN ANY OTHER PERSON CONNECTED WITH WALL STREET OR T BECAUSE WITH A NUMBER OF OTHER PEOPLE WE CAME UP WITH THE IDEA, HE WASN'T THE SOLE THINKER BEHIND IT BUT HE WAS THE GUY WHO IMPLEMENTED IT AND CRUSADED FOR NOW TRILLIONS OF DOLLARS IN LOW COST INDEX FUNDS.
MOST PEOPLE ARE GOING TO HAVE BETTER LIVES, BETTER RETIREMENTS, THEIR KIDS ARE.
Read MoreHere’s how to pay 0% tax on capital gains
Jason 0 Comments Retire Wealthy Retirement Planning
BIT, AND THEN TWO OTHERS, JOHNSON & JOHNSON, UNCHANGED >> WE ARE STILL GOING THROUGH THE LATEST CHANGES TO THE TAX CODE DUE TO THE INFLATION ADJUSTMENTS. WE LOOKED AT HOW THE CHANGES AFFECTED THE TAX CODE. SHARON EPPERSON IS HERE TO SMELL OUT WHAT THEY MAY MEAN. >> WE'RE LOOKING AT MIDDLE CLASS INVESTORS AND MORE OF THEM COULD APPLY FOR A 0% TAX RATE ON CAPITAL GAINS. MOST INVESTORS FOCUS ON THE 15 OR 20% CAPITAL GAINS TAX RATE, BUT THERE'S THE 0% RATE TOO. AND THAT COULD IMPACT MORE MIDDLE-CLASS AMERICANS IN THE YEAR AHEAD RATES ARE BASED ON YOUR TAXABLE INCOME AND INCOME THRESHOLDS TO QUALIFY FOR THE TAX RATE ARE GOING UP NEXT YEAR IN 2023, YOU COULD QUALIFY FOR THAT 0% RATE WITH TAXABLE INCOME UP TO $44,625 FOR SINGLE FILERS.
THAT'S A NEARLY $3,000 INCREASE FROM THIS YEAR AND THE INCOME LIMIT FOR MARRIED COUPLES FILING JOINTLY WILL GO UP TO $89,250. YOUR TAXABLE INCOME IS CALCULATED BY SUBTRACTING YOUR ITEMIZED OR STANDARD DEDUCTION, WHICHEVER IS GREATER, FROM YOUR ADJUSTABLE GROSS INCOME. MOST AMERICANS TAKE THE STANDARD DEDUCTION AND THE IRS IS INCREASING THOSE AMOUNTS FOR NEXT YEAR. IT WILL BE 13,850 DOLLARS FOR SINGLE FILERS, THAT'S UP $900 FROM THIS YEAR AND $27,700 FOR MARRIED COUPLES FILING JOINTLY THAT'S $1,800 INCREASE FROM 2022 ONCE DEDUCTIONS ARE TAKEN INTO ACCOUNT, A COUPLE MAKING SIX FIGURES COULD BE IN THE 0% TAX BRACKET AND PAY NO TAX ON PROFITS FROM THEIR INVESTMENTS AND IT COULD ALSO BE A.
Read MoreBuffett on retirement
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
FOR PEOPLE RIGHT NOW WHEN IT COMES TO SAVING . >> I THINK IT'S THE SAME THING THAT MAKES MOST SENSE FRANKLY ALL OF THE TIME, AND THAT IS TO CONSISTENTLY BUY AN S&P 500 LOW COST INDEX FUND. KEEP BUYING IT THROUGH THICK AND THIN, AND ESPECIALLY THROUGH THIN. BECAUSE THE TEMPTATIONS GET — WHEN YOU SEE BAD HEADLINES IN NEWSPAPERS, MAYBE TO SAY WELL MAYBE I SHOULD SKIP A YEAR OR SOMETHING.
JUST KEEP BUYING. AMERICAN BUSINESS IS GOING TO DO FINE OVER TIME. SO YOU KNOW THE INVESTMENT UNIVERSE IS GOING TO DO VERY WELL. THE DOW JONES INDUSTRIAL AVERAGE WENT FROM 66 1,497 IN ONE CENTURY, AND SINCE THAT CENTURY HAS ENDED, IT'S MORE OR LESS DOUBLED AGAIN. AMERICAN BUSINESS IS G. THE TRICK IS NOT TO PICK THE RIGHT COMPANY, IT'S TO BE — BECAUSE MOST PEOPLE AREN'T EQUIPPED TO DO THAT. AND PLENTY OF TIMES I MAKE MISTAKES. THE TRICK IS TO ESSENTIALLY BUY ALL THE BIG COMPANIES THROUGH THE SFUND AND TO DO IT CONSISTENTLY, AND TO DO IT IN A VERY, VERY LOW COST WAY. BECAUSE COSTS REALLY MATTER. AND INVESTMENTS, IF RETURNS ARE GOING TO BE 7% OR 8% AND YOU ARE PAYING 1% THROUGH FEES, THAT MAKES AN ENORMOUS DIFFERENCE IN HOW MUCH MONEY YOU HAVE ON RETIREMENT.
>> AT THE ANNUAL MEETING FOR BERKSHIRE HATHAWAY THIS YEAR, YOU INTRODUCED A SPECIAL GUEST TO THE AUDIENCE OF 40,000 SHAREHOLDERS WHO WERE WATCHING. IT WAS JACK VOGEL. WHY DID YOU WANT TO RECOGNIZE JACK VOGEL? >> I THINK JACK VOGEL HAS DONE MORE FOR AMERICAN INVESTORS THAN ANY OTHER PERSON CONNECTED WITH WALL STREET OR T BECAUSE WITH A NUMBER OF OTHER PEOPLE WE CAME UP WITH THE IDEA, HE WASN'T THE SOLE THINKER BEHIND IT BUT HE WAS THE GUY WHO IMPLEMENTED IT AND CRUSADED FOR NOW TRILLIONS OF DOLLARS IN LOW COST INDEX FUNDS. MOST PEOPLE ARE GOING TO HAVE BETTER LIVES, BETTER RETIREMENTS, THEIR KIDS ARE
Read MoreBuffett on retirement
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
FOR PEOPLE RIGHT NOW WHEN IT COMES TO SAVING . >> I THINK IT'S THE SAME THING THAT MAKES MOST SENSE FRANKLY ALL OF THE TIME, AND THAT IS TO CONSISTENTLY BUY AN S&P 500 LOW COST INDEX FUND. KEEP BUYING IT THROUGH THICK AND THIN, AND ESPECIALLY THROUGH THIN. BECAUSE THE TEMPTATIONS GET — WHEN YOU SEE BAD HEADLINES IN NEWSPAPERS, MAYBE TO SAY WELL MAYBE I SHOULD SKIP A YEAR OR SOMETHING. JUST KEEP BUYING. AMERICAN BUSINESS IS GOING TO DO FINE OVER TIME. SO YOU KNOW THE INVESTMENT UNIVERSE IS GOING TO DO VERY WELL. THE DOW JONES INDUSTRIAL AVERAGE WENT FROM 66 1,497 IN ONE CENTURY, AND SINCE THAT CENTURY HAS ENDED, IT'S MORE OR LESS DOUBLED AGAIN. AMERICAN BUSINESS IS G. THE TRICK IS NOT TO PICK THE RIGHT COMPANY, IT'S TO BE — BECAUSE MOST PEOPLE AREN'T EQUIPPED TO DO THAT.
AND PLENTY OF TIMES I MAKE MISTAKES. THE TRICK IS TO ESSENTIALLY BUY ALL THE BIG COMPANIES THROUGH THE SFUND AND TO DO IT CONSISTENTLY, AND TO DO IT IN A VERY, VERY LOW COST WAY. BECAUSE COSTS REALLY MATTER. AND INVESTMENTS, IF RETURNS ARE GOING TO BE 7% OR 8% AND YOU ARE PAYING 1% THROUGH FEES, THAT MAKES AN ENORMOUS DIFFERENCE IN HOW MUCH MONEY YOU HAVE ON RETIREMENT. >> AT THE ANNUAL MEETING FOR BERKSHIRE HATHAWAY THIS YEAR, YOU INTRODUCED A SPECIAL GUEST TO THE AUDIENCE OF 40,000 SHAREHOLDERS WHO WERE WATCHING. IT WAS JACK VOGEL. WHY DID YOU WANT TO RECOGNIZE JACK VOGEL? >> I THINK JACK VOGEL HAS DONE MORE FOR AMERICAN INVESTORS THAN ANY OTHER PERSON CONNECTED WITH WALL STREET OR T BECAUSE WITH A NUMBER OF OTHER PEOPLE WE CAME UP WITH THE IDEA, HE WASN'T THE SOLE THINKER BEHIND IT BUT HE WAS THE GUY WHO IMPLEMENTED IT AND CRUSADED FOR NOW TRILLIONS OF DOLLARS IN LOW COST INDEX FUNDS. MOST PEOPLE ARE GOING TO HAVE BETTER LIVES, BETTER RETIREMENTS, THEIR KIDS ARE.
Read MoreBuffett on retirement
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
FOR INDIVIDUALS NOW WHEN IT INVOLVES CONSERVING. >> > > I THINK'IT ' S THE SAME POINT THAT MAKES A LOT OF SENSE FRANKLY ALL OF THE MOMENT, AS WELL AS THAT IS TO CONSISTENTLY PURCHASE AN S&P 500 AFFORDABLE INDEX FUND. KEEP BUYING IT THROUGH THICK AND THIN, AND ESPECIALLY THROUGH THIN. BECAUSE THE TEMPTATIONS OBTAIN– WHEN YOU SEE NEGATIVE HEADLINES IN PAPERS, POSSIBLY TO SAY WELL PERHAPS I MUST MISS A YEAR OR SOMETHING. SIMPLY KEEP PURCHASING. AMERICAN COMPANY IS GOING TO DO PENALTY GRADUALLY. SO YOU UNDERSTAND THE INVESTMENT UNIVERSE IS GOING TO DO EFFECTIVELY. THE DOW JONES INDUSTRIAL STANDARD WENT FROM 66 1,497 IN ONE CENTURY, AND GIVEN THAT THAT CENTURY HAS ACTUALLY FINISHED, IT'' S ESSENTIALLY DOUBLED ONCE AGAIN. AMERICAN COMPANY IS G. THE TECHNIQUE IS NOT TO PICK THE RIGHT BUSINESS, IT'' S TO BE– BECAUSE MOST INDIVIDUALS AREN ' T FURNISHED TO ACCOMPLISH THAT. AND A LOT OF TIMES I MAKE ERRORS. THE METHOD IS TO ESSENTIALLY BUY ALL THE BIG BUSINESS THROUGH THE SFUND AND TO PERFORM IT REGULARLY, AS WELL AS TO PERFORM IT IN A VERY, VERY AFFORDABLE WAY.BECAUSE COSTS REALLY ISSUE. AS WELL AS FINANCIAL INVESTMENTS, IF RETURNS ARE GOING TO BE 7% OR 8%AND YOU ARE PAYING 1% VIA CHARGES, THAT MAKES AN MASSIVE DISTINCTION IN HOW MUCH MONEY YOU CARRY RETIRED LIFE. > > AT THE YEARLY CONFERENCE FOR BERKSHIRE HATHAWAY THIS YEAR, YOU INTRODUCED A SPECIAL VISITOR TO THE AUDIENCE OF 40,000 SHAREHOLDERS THAT WERE WATCHING. IT WAS JACK VOGEL. WHY DID YOU WISH TO IDENTIFY JACK VOGEL? > > I THINK JACK VOGEL HAS DONE EVEN MORE FOR AMERICAN INVESTORS THAN ANY OTHER INDIVIDUAL GOTTEN IN TOUCH WITH WALL SURFACE ROAD OR T DUE TO THE FACT THAT WITH A NUMBER OF OTHER PEOPLE WE THOUGHT OF THE SUGGESTION, HE WASN ' T THE SOLE THINKER BEHIND IT BUT HE WAS THE GUY WHO EXECUTED IT AND CRUSADED FOR CURRENTLY TRILLIONS OF DOLLARS IN LOW COST INDEX FUNDS. THE MAJORITY OF PEOPLE ARE GOING TO HAVE BETTER LIVES, BETTER RETIRED LIVES, THEIR KIDS ARE.
DUE TO THE FACT THAT THE TEMPTATIONS GET– WHEN YOU SEE BAD HEADINGS IN NEWSPAPERS, PERHAPS TO SAY WELL MAYBE I NEED TO SKIP A YEAR OR SOMETHING. > > AT THE YEARLY MEETING FOR BERKSHIRE HATHAWAY THIS YEAR, YOU PRESENTED An UNIQUE GUEST TO THE AUDIENCE OF 40,000 SHAREHOLDERS WHO WERE WATCHING. > > I THINK JACK VOGEL HAS DONE EVEN MORE FOR AMERICAN INVESTORS THAN ANY OTHER PERSON CONNECTED WITH WALL SURFACE STREET OR T SINCE WITH A NUMBER OF OTHER PEOPLE WE CAME UP WITH THE CONCEPT, HE WASN ' T THE SOLE THINKER BEHIND IT BUT HE WAS THE MAN THAT EXECUTED IT AND CRUSADED FOR NOW TRILLIONS OF DOLLARS IN LOW COST INDEX FUNDS.
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