- ORIGINAL NEWS
I’m a certified financial planner and tax reporter at CNBC. How I tackle my own retirement tax planning
- SUMMARY
A financial planner explains how their tax strategy has evolved over the decade.
In the past, they focused on Roth savings, but now they diversify across investing accounts to have flexibility.
They prioritize employer matches with pretax and Roth 401(k) deferrals, make Roth IRA contributions, and have taxable brokerage and health savings accounts.
This mix allows them to withdraw from different accounts depending on their yearly tax situation.
They emphasize that asset location can trigger unexpected tax bills, but financial decisions should not be based solely on tax savings.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“Over the years, I’ve learned tax planning can’t happen in a silo because today’s decisions often have future consequences.”
Negative
“‘Fear is an opportunity,’ expert says. Use what scares you to build wealth”