Pretax vs Posttax Contributions Personal Finance Series

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=KEJhNIZJyls

What’s better than watching videos from Alanis Business Academy? Doing so with a delicious cup of freshly brewed premium coffee. Visit https://www.lannacoffeeco.com and get free shipping on your online order. • Help us learn more about your experience by completing this short survey: https://www.surveymonkey.com/r/RRKS8LZ • Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusines... Investments made with pre-tax contributions, such as 401(k)s and traditional IRAs, are also referred to as tax-deferred. These types of contributions allow you to postpone paying taxes on the amount you contribute and the earnings that are generated as long as they remain in the account. By taking advantage of pre-tax contributions, you not only save for retirement but do so while reducing your taxable income. In this video, you'll learn just how pre-tax contributions can reduce your taxable income as we estimate the tax implications associated with a $500 monthly pre-tax contribution towards a 401k, 403b, or traditional IRA.

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