Afford Anything cover image

Ask Paula: How to Handle a HUGE Bonus, Commission or Windfall

Afford Anything

00:00

The Ultimate Tax Trap

The optimal place for money that he's going to tap prior to 59 and a half is a taxable brokerage account. An annuities have a taxation called LIFO, last in first out. In an Roth IRA, as long as you follow some fairly easy rules, Roth IRAs can be FIFO.

Play episode from 34:10
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app