I visited my accountant today and we discussed my taxes. We went through my income, investments, health insurance payments, and the remaining paperwork with my dad's estate. I explained my retirement plan, and named the stocks that I have purchased. My goal is to have twenty different stocks, for diversification. I learned that from Suze Orman. I have been very happy with the dividends. They are consistent, plentiful, and enable me not to touch the principal. I told her that I had considered buying real estate, but that I far prefer the stock market. "I can do it at home on my computer. I study the charts. I don't have to deal with personalities or the responsibilities of owning property and managing tenants." She agreed. My dad taught me to keep my expenses low, regardless of my income. I paid my quarterly taxes, and she did an estimate for me for this year. "You're doing really well," she observed. "Most people live paycheck to paycheck." I told her that my dad had taught me well. Following his example, I drive a twenty year old car, have inexpensive hobbies like hiking, bicycling, and yoga, and my one splurge is gourmet groceries. She assumed that I was eating and cooking more at home, but I've always done that. Restaurant meals were rare, except when I on a cruise or vacationing. I had planned to travel in my fifties, but that is on hold, due to the pandemic.
Have you filed your taxes?
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