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Mark Byelich and Paul Murray from Wealth & Advisory Associates look at saving and investing as three buckets:
- Taxable buckets include checking accounts, stocks, and bonds outside of retirement accounts
- Retirement buckets include 401(k), IRAs, 403(b) plans
- Tax-free buckets include Roth IRAs, Roth 401(k)s, and cash value of life insurance policies
They say the best and most advantageous bucket is the tax-free bucket.
Mark and Paul share their thoughts on why the tax-free bucket is the best and most advantageous bucket which led to an interesting discussion with the panel about:
- Can you live a lifestyle and pay no tax?
- Is permanent life insurance a good tax savings vehicle?
- What tax strategy is most commonly overlooked or underutilized?
Listen to learn how to make decisions on taxation today that will affect your overall withdrawal strategy in your future.
Our show sponsors
Today’s guests, Mark Byelich and Paul Murray:
Mark Byelich is a CFP®, CDFA®, and AIF®. Paul Murray is a ChFC®, AIF® and CDFA. They help people focus on zero-tax strategies, investment services, and fiduciary services.
Together they run Wealth & Advisory Associates at https://planwithadvice.com.
Follow them at:
Joe Saul-Sehy | Money in the Morning
Linda P. Jones | Be Wealthy and Smart
Doug Goldstein | Goldstein on Gelt
For a quick bio of each of our show participants, head on over to our panelists’ page.
Send us your questions for a future Listener Letters episode
About our sponsor, BUZZ Index
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