Many people can think deferring taxes now only to pay them later could cost you money in the long run. Here are my thoughts on why there are several advantages to putting them off until a later date.
Conquer Taxes
You can either fight the tax code or learn it.
It’s easier to learn it.
like a boss
How to Manage Tax Diversification Like a Boss
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 MoreLooking 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
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.
Pradeep Audho
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
How Much Did I Pay? 2017 Tax Report
Taxes can take a chunk out of your finances and make it hard to keep growing your account. Take a look at my 2017 taxes and see how I started saving money a year in advance.
Sneaking Around FICA Taxes
What is subjected to FICA taxes and what isn’t? I delve into the matter and see how you can avoid paying these taxes on certain contributions.
Basic Terms You Need To Understand
The world of personal finance can be daunting to jump into. Here are some key terms and phrases that can help you demystify the process.
NY’s Telecommuting Tax Penalty
Working remotely for a company in another state? You might have to pay state taxes twice depending on the city.
5-Year Roth IRA Rules
Investing in a Roth IRA can be a great asset in your financial future. Learn more about the two five-year contribution rules concerning Roth IRAs and how to navigate them.
Tax-Loss Harvesting: What Does It Mean To Be Substantially Identical?
Finding new investments that are not considered substantially identical can be tricky and confusing, especially since the IRS hasn’t set strict guidelines on the practice. Learn more about what robo-advisors are doing in the space and see if you can take some tips from them.
Are You An Overtaxed Investor?
Reading is an easy and important way to increase your personal financial knowledge. The Overtaxed Investor is a great read for those looking to reduce investment related taxes.
Tax Gain Harvesting: An Introduction
Here’s are some ways you can harvest your gain and increase your take-home pay at the end of the day.
