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What Is The Best Way To Save Money?
Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment.
Sometimes you’re sitting there and you’re trying to figure out what is the best way to save money. How can I put money aside? Should I start my Social Security? Should I contribute money to an IRA? And the first thing that I tell people is I’m not a financial planner, but I can tell you what’s going to affect your taxes and what isn’t. You put money aside in a Roth, you’re probably not going to save as much money as if you put it in an IRA when it comes to taxes. Does that mean it’s the best advice for you? No, mine’s instant gratification because I do taxes. Financial planners are looking at 5, 10, 15 years out. Make sure that you’re getting the advice from the right person to save you the most in taxes.
Announcer 0:52
You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.
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By Dr. Friday Tax & Financial Firm
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Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment.
Sometimes you’re sitting there and you’re trying to figure out what is the best way to save money. How can I put money aside? Should I start my Social Security? Should I contribute money to an IRA? And the first thing that I tell people is I’m not a financial planner, but I can tell you what’s going to affect your taxes and what isn’t. You put money aside in a Roth, you’re probably not going to save as much money as if you put it in an IRA when it comes to taxes. Does that mean it’s the best advice for you? No, mine’s instant gratification because I do taxes. Financial planners are looking at 5, 10, 15 years out. Make sure that you’re getting the advice from the right person to save you the most in taxes.
Announcer 0:52
You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.