Why Defer Taxes at a Lower Rate
When planning for retirement, many of us have been conditioned to save using tax-deferred plans like an employer-sponsored 401(k) or IRA. The idea behind these accounts is to allow you to put away untaxed money to save for retirement. If your retirement savings strategy is to only utilize tax-deferred accounts, you may be setting yourself up to pay more to withdraw your funds. Tune in to learn about how diversifying your portfolio is the best way to plan for retirement!
Episode Highlights
- 00:18 Why people are making silly choices
- 01:10 The government creates this problem called overtaxation
- 03:08 Where do you think tax rates are gonna go in the future?
- 04:55 The most passive income you can have during retirement
- 08:27 Let's start thinking about how the game ends and then start taking actions today.
Episode Resources - Connect with Wade Borth
- https://www.sagewealthstrategy.com/
- wade@sagewealthstrategy.com\xa0\xa0