To minimize tax drag and optimize asset location for your investments, consider funding your accounts in the following order: Employer-Sponsored Retirement Accounts (e.g., 401(k), 403(b)) Reason: Contributions are often pre-tax, reducing your taxable income. Employer…
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Triple Tax Savings with HSAs: The Ultimate Guide for High-Income Earners
Health Savings Accounts (HSAs) are incredible, especially for high-income earners, because they offer a triple tax advantage, making them a powerhouse for tax deferral, medical expenses, and retirement planning. Here’s why: 1. Triple Tax Advantage…
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Retire Smarter: Strategies for High-Income Earners to Maximize Your Tax Savings
There are many great ways for a high-income earner to save for retirement, some strategies that I even use in my family’s financial planning. One thing I have in mind for today pertains to singles/couples…
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