Mark Byelich & Paul Murray Featured on The Money Tree Podcast
Mark Byelich and Paul Murray from Wealth & Advisory Associates look at saving and investing as three buckets:
Taxable buckets include checking accounts, stocks and bonds outside of retirement accounts
Retirement buckets include 401(k), IRAs, 403(b) plans
Tax-free buckets include Roth IRAs, Roth 401(k)s, and cash value of life insurance policies
They say the best and most advantageous bucket is the tax-free bucket.
Mark and Paul share their thoughts on why the tax-free bucket is the best and most advantageous bucket which led to an interesting discussion with the panel about:
Can you live a lifestyle and pay no tax?
Is permanent life insurance a good tax savings vehicle?
What tax strategy is most commonly overlooked or underutilized?
Listen to learn how to make decisions on taxation today that will effect your overall withdrawal strategy in your future.