Most people don’t realize this, but there are both 𝗧𝗔𝗫𝗔𝗕𝗟𝗘 and 𝗧𝗔𝗫-𝗙𝗥𝗘𝗘 buckets you can use to grow your wealth. Nearly everyone is familiar with the “taxable bucket.” If an investment is in a “taxable bucket” then that means that any earnings on that investment will be taxable. Most people use these in the form of a tax-deferred IRA or 401(k). In those examples both the contributions and the earnings are taxable upon withdrawal at whatever the tax rate is

How many times do you lose in a down year when you have “managed funds” where you pay management fees. 🤔 In a down year your investment portfolio/retirement account loses money. So you lose once just from the market dropping. Your financial guy still charges you the same fees when you’re losing money as when you’re gaining it. So even though they lost you money in a down year they’re charging you “management fees” plus any other account fees associated

AN ALTERNATIVE WAY TO SAVE FOR COLLEGE: Many years ago when my wife and I were looking to setup some college funding accounts for our children, we went to our CFP and were given a couple options. One of those options was some sort of a 529 plan and the other was a custodial account where our child would get full control of the money at 18 and there was nothing we could do about it. YIKES! Let’s look at