Should you invest & pay taxes now for your retirement planning - Roth IRA / Roth 401k OR should you get the tax deduction and invest in a PRE-TAX Traditional IRA or 401k? There are many opinions about investing in AFTER TAX retirement accounts vs PRE-TAX retirement accounts, but how many times have you thought about when is it BEST FOR YOU?

From my perspective, as a Florida resident that lives in a state with NO state income tax AND plans to remain a Florida resident - in a state with no state income tax - throughout our retirement years...I am a firm believer in maxing out your Roth IRA and/or Roth 401k.

However, if you currently live in a state that has a state income tax & you're in a high tax bracket & you plan to retire to a state that does NOT have a state income tax AND you plan to reduce your retirement lifestyle/expenses...then I believe you should contribute to your PRE TAX retirement accounts.

Here is the Stanley Druckenmiller interview:    • Druckenmiller on How AI is Dominating...  

Hope you found a nugget or two in this one. Cheers!
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ABOUT ME 👇
I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos.

My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course...my experience as a Former Financial Advisor.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

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DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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