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How do we manage our family finances? Let me tell you a story.

The year Gina and I got married, we filed taxes separately. Gina was a relatively sophisticated investor and tax strategist, so she had accountants prepare her return. I didn’t, so she got a front row seat to watch me prepare mine. I did what I always did:

  1. Purchase TurboTax.
  2. Close my eyes.
  3. Click the Next button 50 times in a row.
  4. Enter my bank account details and let the IRS take their money. I rarely noticed how much it was.

Gina was horrified, and I was never allowed near our finances again. That arrangement has worked out well for everyone involved, including our portfolio.

(The flipside of this is, I approached investing the same way. My strategy over the past 20+ years has been to buy Vanguard funds and then forget about them. All things considered, that’s done pretty damn well.)

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23 thoughts on “

  1. I’m still in your camp, but insist on attempting to deduct my car registration fees for some neurotic reason. Not taxing me on that $180 Uncle Sam!

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