So I have been meaning to make this video for awhile, and I was glad to finally get it finished. I will let the video do most of the explaining, but it is a quick illustration of how investing in retirement accounts, such as traditional IRAs and 401ks, give you a nice little tax break.
For the longest time, I was always told that you should invest in a retirement account for the tax deferment aspect of it. Every time I heard it, I was trying to figure out what that meant. Then, when I was faced with the decision of how to invest my hard earned money, I started doing some research, and I finally discovered what the advantages were of investing in a 401k and/or traditional IRA.
Now, I am not going to go into what the specifics of each type of retirement account offers in this post. In the future, yes I will. The point of this post is to give you a visual illustration of what a tax deferment really means.
Ok guys, I think that is about it for now. Until next time.
P.S. Please let me know what you thought by posting a comment. If you liked this post, a simple “Re-tweet” would be much appreciated. Also, you can enter your name and email address below to get updates of when I post new articles. Take care.