9: Understanding the Importance of Asset Location and How Each Account Type is Taxed
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9: Understanding the Importance of Asset Location and How Each Account Type is Taxed
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In this episode Kolin talks about the importance of understanding how different account types have different effects on taxes. Kolin shares the difference between pre tax, post tax and taxable accounts. How each of these account types offer different tax benefits and why it is important to have each of them. Also, Kolin shares a bonus account type that offers triple tax benefit. He explains how different account types will help with your tax diversity and how each play a crucial part in your financial planning.
2025 Capital Gains Rate Table: Click here!
Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.