Should You Contribute to a Roth IRA or Pre-Tax as a High Earner? (By Tax Bracket!)
The Personal Finance Podcast
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How to Reduce Taxes With a 401k Contribution
This is a tax heavy and number heavy show. This is one we're going to talk about the three different ways that you can actually reduce your taxes when it comes to the 401k. So for example, if your marginal tax rate was at 32% and you contribute $10,000 to your pre tax account, then you would say $3,200 on your taxes that year. If you're privileged to be in the 37% tax bracket, $2,405. We will have these charts on the screen on the podcast if you want to check out as we go through this.
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