Why Defer Taxes at a Lower Rate

When planning for retirement, many of us have been conditioned to save using tax-deferred plans like an employer-sponsored 401(k) or IRA. The idea behind these accounts is to allow you to put away untaxed money to save for retirement. If your retirement savings strategy is to only utilize tax-deferred accounts, you may be setting yourself up to pay more to withdraw your funds. Tune in to learn about how diversifying your portfolio is the best way to plan for retirement! Episode Highlights 00:18 Why people are making silly choices 01:10 The government creates this problem called overtaxation 03:08 Where do you think tax rates are gonna go in the future? 04:55 The most passive income you can have during retirement 08:27 Let's start thinking about how the game ends and then start taking actions today. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ [email protected]