While retirement accounts have powerful tax advantages, they might also have significant disadvantages if we don’t understand the rules.
In this episode, Jim McGovern discusses retirement accounts and how individuals need to think critically about how these accounts work, know the rules of the game as they stand today, and consider their circumstances before deciding to invest in them.
Jim also warns against the misconception that investing in retirement accounts saves tax money.
- The advantages and disadvantages of retirement accounts
- Understanding the impact of changing tax rates
- Factors to consider when deciding to invest in retirement accounts
- Additional insights and tips on retirement account planning
- And more
Related: All the Ins and Outs of Student Loans with Mackensie Ellis