So many Americans are driving their financial lives with one foot on the gas and one foot on the brake.
They are accelerating the payoff of their mortgage, which decreases deductions (interest) on their tax return causing more taxes.
Yet they are making contributions to a tax-deferred plan (401k, IRA, 403b, SEP, etc.), which increases deductions on their tax return causing less taxes.
If only they knew the lifetime implications of just these two important financial decisions, perhaps they would make a different decision.
Do you want to know?
Remember, You Can Live Tax-Free in Retirement!
Judy Carlson, CPA
CEO & Founder
CORAM DEO FINANCIAL
“Simply Live Tax-Free”