Hi again. Mrs. 1500 here with today’s question and the two winners of this year’s Warren Buffett and Charlie Munger ducks!
A great big thank you to Mrs. PoP from Planting Our Pennies who is our guest judge this year. We had a lot of great responses from you when we asked ‘Who is your Warren Buffett?’ We wanted to know who it was, what they taught you and how it changed your life. So I turn it over to Mrs. PoP to announce the winners.
My top pick goes to Even Steven.There’s so much wisdom in that short list of 3 things that are all so inter-related, from money, to relationships, and knowing that relaxation has a place in life. The minimum number of legs you need for a stool to stand is three, and I think this is one of those sets of three that when one gets out of whack, there’s no way you can continue to sit comfortably on your stool. So it just stresses the importance of balancing, money, relationships, and relaxation in life.My 2nd pick goes to reader Spiffi, for having totally awesome parents that not only had their own financial lives in order, but gave their time to help others figure their own finances out, which I think is very Buffett-like. Buffett and Munger don’t have to run the Q&A session or have big events at the annual meetings, they do it because they like sharing their thoughts and helping others understand. If only we could have all had parents life Spiffi’s!
Thanks, Mrs. PoP for your judging services. Spiffi and Even Steven, check your inbox.
And now to this week’s question, which comes from reader James. A few weeks ago, I asked you what you want to know. Are there any questions related to saving money/financial independence that you wanted answered?
Reader James asks:
I think I have a pretty good idea of how to save now. Even though I’m 25 and won’t be making withdrawals for awhile, I’d like to get more information on the best ways to withdraw the money you need. How do you optimize taxes when withdrawing? Is there an optimal time of the year to make withdrawals? Which accounts should you withdraw from first?
In my initial response, I suggested he mosey on over to The Mad FIentist, because he has quite interesting and unusual ideas about finances. But I would like to know what YOU, the reader, has to say about this. How and when do you start withdrawing your retirement savings?
Thanks for reading!
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