Season 1 · Episode 148
Episode 147: Best of RRR - The 401k Scam
What we’ve been told about the tax savings in these plans is a lie. Key takeaways: - How did they sell it to us? - Who stands to benefit from it? - Nate gives a hypothetical example of how one could potentially end up paying more taxes in...
January 17, 202228m 34s
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Show Notes
What we’ve been told about the tax savings in these plans is a lie. Key takeaways:
- How did they sell it to us?
- Who stands to benefit from it?
- Nate gives a hypothetical example of how one could potentially end up paying more taxes in retirement that you saved during your working career!
- What to do instead to help avoid that happening.
- What amount should you have in these plans when you retire to help avoid paying tax on your Social Security income.