
Retirement [7/7 Series Pt. 1]
The WealthAbility Show with Tom Wheelwright, CPA
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How to Diversify Your Portfolio
The point of diversification is to not lose money. It's just to be hands off but managed risk, which we call diversification. When you get the deduction, when you put money into the 401K, it's coming off your highest rate of tax. And so now you're really looking at the average rate. So if you're making $200,000 while you were working and you put in money into your 401K, and then you make $200, pulling out of your401K, let’s see if it didn't really well in your 401K. Then honestly, and I was surprised by this, frankly, when I was writing Windwind Walt's strategy
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