The problem with taxes is not paying them (after all, that’s the cost of civilization) but the huge drag taxes have on your ability to create wealth. The federal tax system is structured to encourage you to act certain ways. Why not take advantage of the opportunities to save on taxes? Once of the reasons
You can either fight the tax code or learn it.
It’s easier to learn it.
If you want to retire with the most money, look at creating different accounts that will give you access to tax-free money, tax-deferred money and some taxable money. This will allow you to draw from all three types of accounts in retirement, keeping your taxable income low and ensuring you pay minimal taxes on your tax-deferred money.Read More
Looking to Outsource?
Sometimes life is too busy and you don’t want to do it all yourself. Over the years, many people have asked me to connect them with the “good guys” in the financial services industry. Below are people and companies that I’ve personally vetted (often meeting them in person). Know that they are paid advertisers on the site but that I routinely recommend them to friends and colleagues and would do so even if they weren’t advertisers.
Earnest combines technology with financial backing from Navient to offer better customer service and good rates.
Student Loan Planner
Many readers have already used Student Loan Planner to help them figure out the optimal repayment strategy for their student loans.
Looking for an insurance agent that won't try to talk you into buying whole life? Pradeep is no frills and no pressure.
Latest posts in Taxes
Have you recently thought about selling your equities? Make sure you know your capital gains tax rates or you might lose out on more of your money.
Tax refunds can actually increase savings and prevent you from spending frivolously. Learn about the new way of thinking regarding taxes and save up to $5,000 yourself.