ChooseFI

346 | How Do I Figure Out the Taxes on This?

In this week's episode, Brad and Jonathan examine the concept of assets and where they fit in your general tax strategy. Together, they discuss the different factors that effect how and when you pay your taxes, compare the differences between Roth IRA's and 401k's, and explore potentially beneficial ways in which after-tax investments and 401k's overlap!  Resources Mentioned In Today's Conversation   <a href="https://www.choosefi.com/457b-free-money/" rel="noreferrer noopener" target="_blank">The Unfair (FI) Advantage Of Teachers 457b | ChooseFI Episode 13</a> <a href="https://www.millionaireeducator.com/2020/12/tax-planning-2021-free-money.html"> The Millionaire Educator's 2021 Free Money Article</a> <a href="https://www.choosefi.com/read/newsletter/" rel="noreferrer noopener" target="_blank">Subscribe To ChooseFI's Weekly Newsletter</a>  Want to start your own journey to Financial Independence? Sign up for the <a href="https://x.choosefi.com/free-financial-independence-challenge">free 5-Day FI Challenge</a> here!

How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan &amp; Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.