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There are 3 Tax Buckets. Taxable, Tax-deferred and Tax-free. In this episode we discuss the least efficient one...the taxable bucket. Every year as your money grows you have to pay a tax. Taxable buckets make for great emergency funds and there is an ideal amount of money you should have in these types of accounts, 6 months worth of living expenses.
By 960 Digital4
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There are 3 Tax Buckets. Taxable, Tax-deferred and Tax-free. In this episode we discuss the least efficient one...the taxable bucket. Every year as your money grows you have to pay a tax. Taxable buckets make for great emergency funds and there is an ideal amount of money you should have in these types of accounts, 6 months worth of living expenses.