Katie Gatti Tassin shares her expertise on leveraging tax-advantaged accounts to maximize income. The podcast covers investment strategies using different types of 401(k)s, IRAs, Roth Conversion Ladders, HSAs, and Donor Advised Funds. They discuss the benefits of contributing to traditional or Roth accounts, transferring and consolidating 401(k)s, choosing between Roth or traditional 401(k), retirement plan options for individuals without employer-sponsored plans, tax-aware investing and asset location, and the benefits of Donor Advised Funds for tax-advantaged charitable giving.

Katie Gatti Tassin joins the podcast to debate renting vs. buying a home, sharing insights on market dynamics, personal finance strategies, and negotiation tactics. They challenge traditional beliefs, analyze costs, discuss real estate wealth-building, and emphasize the importance of informed decisions in the housing market.

Katie Gatti Tassin from Money with Katie had her “financial awakening” earlier than most. She saw the middle-class wealth trap of working, spending, and repeating for what it really was. This cash-gobbling cycle is one that many Americans fall into, but once you see the light, it’s hard not to almost automatically do better. And that’s what Katie did, trading twenty-dollar daily lunches and “hot girl expenses” for more saving, investing, and skyrocketing net worth.Through a few short years of self-education, Katie was able to more than double her income, build profitable side businesses, and have a master-like grip on her finances. She’s become an expert in retirement investing, passive income, and saving simply through reading blog posts, listening to podcasts, and starting something of her own. This, coming from someone who just a few years ago had less than $500 to their name.Katie walks through what spurred her “financial awakening” and how sharing the same thought process could activate your own. She also touches on financial myths that the middle class commonly falls into, the great Roth vs. 401(k)debate, and why lifestyle creep isn’t such a bad thing. She’s proof that you can turn your entire financial situation around in only a few short years, and if she could do it, why can’t you?In This Episode We CoverThe “financial awakening” that’ll have you saving more and spending lessFinancial “truths” that could destroy your wealth if you follow themSelf-education and the best personal finance podcasts and blogs and you should tune intoRetirement investing and whether it makes sense to invest pre-tax or post-taxStarting side hustles and job hopping to more than double your salaryThe bright side of lifestyle creep and using it as a reward for your hard workAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingMindy's TwitterScott's InstagramListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Subscribe to The “On The Market” YouTube ChannelListen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsCheck Out Mindy’s 2022 Live Spending Tracker and BudgetFinance Friday: I Want to Cash Out My 401k Early, ShouldMr. Money MustacheThe Shockingly Simple Math Behind Early RetirementsThe Money With Katie PodcastInterested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Katie Gatti Tassin, host of the Money with Katie podcast, delves into 'money dysmorphia,' revealing why many feel broke despite solid finances. She discusses the impact of social and traditional media on our money perceptions. The conversation touches on her conflicted feelings about buying a Porsche, showcasing the judgment personal finance experts face. Katie highlights how the pandemic reshaped financial priorities, urging a balance between saving for the future and enjoying the present.

Katie Gatti Tassin, host of Money with Katie, joins the discussion to unravel the complexities of choosing between Traditional and Roth 401(k) accounts. She shares her insights on future tax rates, emphasizing that high earners might benefit from maxing out traditional accounts. The conversation delves into Social Security uncertainties and the intriguing possibility of future costs decreasing due to AI impacts. Listeners will gain a deeper understanding of strategic retirement planning, particularly for small business owners navigating tax implications.