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Keep The IRS Out Of Your Pocket | Dr. Timothy Lawler

Keep The IRS Out Of Your Pocket

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.

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