12 Simple Steps To Financial Independence
The Stacking Benjamins Show
00:00
Using Your 401k or Traditional IRA for Tax Advantage
Start off with your 401k, maybe at work, your long-term investments and then start building the flexible money. Do you like that as one, two? Tax advantage first, not tax advantage second? If you want to spend a lot of money in retirement, you just very well might be in a higher tax bracket. Another thing is it's okay to have some later on after you've maxed out your 401k or your IRAs,. Have a non-qualified account, because that way you will be taxed at the lower capital gains rate.
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