The Overtaxed Investor by Phil DeMuth

The Overtaxed Investor

As my husband and I have crossed that threshold of 50 years of age, retirement seems to loom ever closer – too close for our meager savings to be of comfort.

I read an article by DeMuth’s sometimes collaborator, Ben Stein, recommending this book, so I took a chance and ordered it.

Let me preface my opinion by saying that I hold a B.S. in Finance and everything relating to investing and the stock market fascinates me.  So it was no surprise that I loved this book.  Yes, DeMuth included the sage advice of diversifying your portfolio and making sure you are saving enough for retirement because, of course, we all know the odds of receiving that social security check are slim to none.

But this book emphasizes another important concept to keep in mind when investing for retirement.  You can’t control your returns, but you can control your expenses.  And the biggest expense of them all is taxes.

As a Finance major, you’d think that would have been a no-brainer for me, but it was like a huge light bulb.  Why on earth do I have a portfolio of stocks before maxing out on the 401K and IRA contributions?  Depending on your marginal tax rate, that could add over 10% to your real returns.  Needless to say, it made me rethink my our investing strategy, and I am grateful to Phil DeMuth to setting me straight.

5 stars (out of 5)
Published in 2016
306 pages


About Suzanne

I'm a stay-at-home mom with three kids who loves to read.
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