Roth vs. Traditional, and Other Vital Tax Topics - E53

Roth vs. Traditional, and Other Vital Tax Topics - E53

Author: Jesse Cramer April 26, 2023 Duration: 41:32

Three things are certain in life: death, taxes, and a couple weekly articles from The Best Interest. Today we explore the intersection of two of the most important components of personal finances, taxes and investing and why you might save thousands of dollars off your tax bill.

 

Jesse tackles the topic of taxes from a few different angles: the most common mistakes in understanding taxes including tax brackets, how they work and why accepting a raise can't decrease your take home pay, the RRTTLLU framework of assessing investments and taxes, the "real returns" of different tax-advantaged accounts, and a deep-dive lesson in capital gains taxes.

 

Mentions:

Capital Gains Taxes 101: https://bestinterest.blog/capital-gains-taxes-101/

Roth is Better Than Traditional: https://bestinterest.blog/roth-is-better-than-traditional/

How Do Taxes Affect Stock Return?: https://bestinterest.blog/how-do-taxes-affect-stock-returns/

RRTTLLU: https://bestinterest.blog/rrttllu/

15 Minutes Saving $120,000: https://bestinterest.blog/15-minutes-of-math/

How Do Tax Brackets Work?: https://bestinterest.blog/how-tax-brackets-work/

Reddit Investing Question: https://docs.google.com/spreadsheets/d/1-9EB24Y-ow0yutfVoWICM4We9p4m9b7C4JRoqKI9G_c/edit#gid=0

 

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at jesse@bestinterest.blog

 

The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.


Navigating the world of money can feel overwhelming, with a constant stream of conflicting tips and trendy, quick-fix schemes. Personal Finance for Long-Term Investors-The Best Interest cuts through that noise. Host Jesse Cramer brings a unique perspective to the conversation, transitioning from his background as an aerospace engineer to his work as a fiduciary financial advisor. This podcast is built on the principle that genuine wealth isn't built overnight through speculation, but through consistent, well-reasoned decisions made over decades. Each episode delves into the mechanics and mindset required for that journey, exploring topics like retirement planning, intelligent investing, and the behavioral aspects of managing money. You'll find discussions that go beyond surface-level advice, examining the "why" behind proven strategies and how to apply them to your own life. The tone is conversational and grounded, avoiding financial jargon in favor of clear explanations. It’s a resource for anyone tired of the hype and seeking a sustainable path forward. By focusing on evidence-based ideas and patient execution, this podcast aims to provide listeners with the tools and confidence to build a secure financial future on their own terms. Tune in for a thoughtful, long-term approach to personal finance that prioritizes your best interest.
Author: Language: English Episodes: 143

Personal Finance for Long-Term Investors
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