Picking the Best Tax Basket for Your Asset
Managing your money goes beyond spending less than you make and saving money. You also want to get the most out of every dollar you work your butt off for. Using tax advantage accounts is one way to squeeze the most out of your money. But how do you know where to put which dollar?
In this episode, I talk with Sean Mullaney about picking the best tax basket for your different types of assets.
Sean is a financial planner and CPA licensed in California and Virginia. He operates a solo financial planning firm in California. He blogs about the intersection of tax and financial independence at
fitaxguy.com.
Sean shares practical tips on looking at your assets and goals and picking the best places to put your assets that align with them.
Thank You!
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Best Tax Basket for Your Asset Episode Details
- What are tax baskets
- Tax advantage accounts
- Employer plan vs. individual plans
- Transitioning employer plans into individual
- Importance of selecting the correct tax basket
- Understanding your overall asset allocation
- Roth conversation and early retirement
- Bonds, cash, and real estate asset allocation
- Spousal IRA and planning for a non-working spouse
- Common mistakes to avoid
- Health Savings Account (HSA) overview
Related: Spousal IRA: What Military Spouses Should Know
Best Tax Basket for Your Asset Resources
More Podcast: What Military Spouses Can Do With Multiple 401ks
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These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. I will only put affiliate links that align with our podcast discussion.
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