The first thing that you must know in the traditional IRA vs. Roth IRA debate is that there isn't one answer that is right for everyone. You must take into account your particular situation to determine which investment vehicle is right for you. However, there are many ways to help you decide which one you should use. Let's take a look at how we can decide whether a traditional IRA or a Roth IRA is better. But first, let's figure out the major difference between the two types of IRAs.
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How You Can Make TAX FREE MONEY Without Being Shady: Part 2
Spending less money can potentially save you many thousands of dollars in state and federal income taxes. All that you have to do is follow one simple hack!
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How You Can Make TAX FREE MONEY Without Being Shady: Part 1
I probably shouldn't tell you this, especially if you are about to leave for work or if you are sitting in your cubicle after having slept for only a few hours last night. But you are working for the government right now instead of working for yourself. I know this sounds weird and rather depressing, but the first few hours that you spend at work every day are not spent to build a better life for yourself and your family. You are not buying freedom in the form of early retirement, paying for your kid's college, or even working to pay off that hefty cable bill.
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It’s Actually Good to Get a Tax Refund
Most articles that I read and financial writers that I respect claim that it’s not good to get a tax refund. The general consensus is that you wouldn’t want to give an interest free loan to the government. After all, the government already has tons of money. Why would it need more of yours? And I completely see their point. In a perfect world, I would use the money that I could have gotten as a tax refund every single month. Instead of getting $1,200 back from the IRS, I would take $100 extra per month and use it to pay down my debt, invest, or save for a big…
