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WCI #304: Roth's, 401(k)s and 529s

White Coat Investor Podcast

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Are You Better Off Not Having Taxable Income?

The best income you can get is money you don't have to pay any taxes on at all. The IRS doesn't require you to make good business decisions, but that one might be pushing it a little bit. You're better off not having taxable income if you can come up with a deduction that you would be buying anyway. A custom designed solo 401K could put all $15,000 into a Roth account instead of just $3,000 into tax deferred account.

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