Steven explains the difference between qualified and non-qualified money in retirement planning. Qualified money refers to funds that have never been taxed, such as a 401k, while non-qualified money is money that has already been taxed before being invested.

Steven emphasizes the importance of understanding these distinctions and planning for retirement early to take advantage of tax benefits and avoid potential tax burdens. He also discusses the benefits of Roth IRAs and the importance of financial education.

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