I'm in my mid-40s with an annual income of $3 million and my tax bill is making me sick to my stomach
Briefly

from 24/7 Wall St.2 weeks ago
"When it comes to reducing your taxable income, one of the most effective methods is to maximize contributions to retirement accounts. Traditional IRAs and 401(k)s allow you to lower your taxable income right away, while Roth variants provide future tax-free growth. The strategic use of these accounts can lead to significant long-term financial benefits, so understanding when and how much to contribute is crucial for the highest earners to minimize their tax burdens effectively."},{
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/15/im-in-my-mid-40s-with-an-annual-income-of-3-million-and-my-tax-bill-is-making-me-sick-to-my-stomach/
Read at 24/7 Wall St.
#tax-planning #retirement-accounts #tax-strategies #capital-gains #financial-advice
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