R.E.T.I.R.E. – Tax Planning

Tax Planning is the third step in the six part financial planning acronym R.E.T.I.R.E. that forms the foundation of developing a solid financial plan and pathway to financial independence.

In this episode Eric and Matt cover some of the basic tenets of Tax Planning including understanding withholding and some basic principles of tax planning.

Learn more about tax planning concepts such as:

  • Marginal vs Effective tax rates
  • Withholding
  • Pre-tax retirement account options like 401(k)s and IRAs
  • Capital gains versus ordinary income
  • Itemizing Deductions, and much more!