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The Personal Finance Podcast
Pre-Tax or Roth, How to Use Your Emergency Fund, & Building Business Credit - Money Q&A
Dec 4, 2024
Discover strategies for maximizing retirement contributions and evaluating pre-tax versus Roth options for high earners. Learn how to effectively use your emergency fund and explore the nuances of building business credit. Gain insights into incorporating a business, monitoring credit reports, and the importance of responsible credit use. Plus, hear about balance protection insurance and ways to protect your financial interests. This discussion is a treasure trove for anyone looking to take their financial savvy to the next level!
36:24
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Quick takeaways
- High-income earners should balance contributions between pre-tax and Roth accounts to achieve effective tax diversification for retirement.
- Emergency funds must be actively utilized for unexpected expenses and subsequently replenished rather than being hoarded for future use.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode