Are You Getting Killed in Capital Gains Taxes?
Are you paying too much in capital gains taxes, ignoring your retirement plan, or gambling with your future, or are you building lasting wealth?
Ask yourself these questions.
Do you put your hottest investments in your Roth IRA?
Do you know what you own in your employer-based retirement plan?
Are you chasing returns in Bitcoin or the Magnificent 7?
Are you gambling with hot tips you see on social media?
Do you have a Health Savings Account?
Are you aware of the Rule of 7?
Are you depositing 10% of your gross income into tax-protected retirement accounts?
Here are some of the things that keep us gambling and bleeding cash, instead of building lasting wealth. There are so many ways that we end up making “the system rich” rather than achieving financial freedom ourselves.
Investing in a regular brokerage account, instead of tax-protected retirement accounts, and potentially giving up a third (or more) in capital gains taxes,
Chasing headlines – investing when things are at an all-time high,
Gamification of investing – I won! I lost!
Meme stocks,
Burdensome student loans,
Forgotten, low-performing retirement accounts,
Spending 30% or more of our income on housing,
Paying off debt before paying ourselves first,
Selling low when we think we’re in the Apocalypse
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