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No. of Recommendations: 3
I commend the couple for being frugal and saving, but I don't really think they are maximizing the use of their money.

"Wright also worked as a tax preparer, but that was less than 3 percent of the couple's annual income."

So he knows enough about taxes to work as a tax preparer yet pays a financial advisor $10k a year to minimize his taxes? I guess maybe the guy also makes investment decisions, but that is just a ridiculous amount to pay.

Also, this rings false to me (from the financial advisor):
In Friedman's view, the tax deduction of contributions to tax-advantaged accounts isn't worth as much to you in your peak earning years — when you have tax deductions for your home mortgage, property taxes, dependent children, maybe even college tuition for those kids — as after retiring.

I think for the majority of people the tax deduction is best taken during peak earning years, especially if people have significant funds in both taxable and tax-advantaged accounts and have the flexibility to manage their taxes wisely in retirement (as this couple does). The article goes on to say that the couple is in the 15% tax bracket in retirement while at their peak earnings they were in the "top 10%" of earners.

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