ЁЯкгOctober is Financial Planning MonthЁЯкг
Understanding how your ЁЯТ╡ money is taxed can make a HUGE difference in your financial journey.
LetтАЩs break down the 3я╕ПтГг tax buckets:
ЁЯкг Taxable (Taxed Now):
Think bank savings, stocks, bonds, and mutual funds. You pay taxes on these as you earn. ЁЯТ╕
ЁЯкг Tax Deferred (Taxed Later):
401(k)s, Traditional IRAs, and annuities fit here. Pay taxes when you withdrawтАФperfect for long-term growth! тП│
ЁЯкг Tax-Free (Never Taxed Again):
Roth IRAs, municipal bonds, and life insurance with cash value (IUL) provide opportunities for tax-free growth! ЁЯТ╡
Planning where your money goes means planning for a better future. LetтАЩs set up a strategy that works best for YOU! ЁЯдЭтЬи
hughesfamilyfinancial@gmail.com
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