Nothing is certain except death and taxes.
One of the most painful experiences is to lose your hard earned money to a tax trap. The state did nothing to help you accomplish your capital gains.
But the IRS only has one goal: Extract as much money from you as humanly possible.
But if you know about the 3 ways to diversify your taxes now, you’re all set for a trouble-free retirement down the road.
In today’s episode, you’ll discover how non-qualified accounts minimize taxes when you sell a stock, how you can nullify taxes on dividends, and how moving the pay day for taxes forward protects you from taxes when you retire.
Show highlights include:
- How to sell a stock so the IRS takes the least from your capital gains (4:01)
- How tax-deferred accounts compound your dividends (while you reduce your income taxes today) (6:22)
- The “Required Minimum Distribution Age” trap that looms over your finances (and how to avoid it) (7:47)
- How Roth IRAs make you pay now (and allow a tax-free life in retirement) (9:20)
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