456: Retirement Tax Planning: Should You Max Out Your 401(K)?
Retire With Purpose - The Retirement Podcast
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Show Notes
What is the most effective way for you to save money for retirement? While traditionally, many have turned to accumulating wealth in their 401(k), the caveat comes in the form of taxes due.
In this episode, we discuss:
- Why it's important to diversify your savings buckets
- The capital gains tax rate
- How to save for retirement amidst tax rate uncertainty
- Marginal vs. effective tax rates
Today's article comes from Of Dollars And Data titled, Nothing is Certain Except Debt and Taxes. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
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Show Notes: Howardbailey.com/456
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