Leveraging Tax-Advantaged Accounts to Maximize Your Wealth with Katie Gatti Tassin

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 22 November 2023

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#144: Katie Gatti Tassin shares her expertise on leveraging tax-advantaged accounts to maximize your income. This crash course covers investment strategies using different types of 401(k)s, IRAs, Roth Conversion Ladders, HSAs, Donor Advised Funds, and much more. Katie Gatti Tassin is the creator of the Money with Katie blog, podcast, and newsletter, which was acquired by Business Insider’s Morning Brew in 2022. The Money with Katie Show is one of the top finance-related podcasts, boasting 140,000+ listeners per month and 6 million+ lifetime downloads. Link to Full Show Notes: https://www.allthehacks.com/tax-advantaged-accounts Partner Deals Storyworth: Share your family stories in a custom book (+ $10 off) Daffy: Free $25 to give to the charity of your choice Notion: Try Notion AI free to automate tedious tasks and streamline your work Vuori: 20% off the most comfortable performance apparel I've ever worn Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth DeleteMe: 20% off removing your personal info from the web For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned Katie Gatti Tassin: Podcast | Newsletter | Instagram Solo 401(k): Carry (← $500 off Pro) Bogleheads Article: Tax-efficient Fund Placement All the Hacks Episodes Covering Donor Advised Funds: #50: The Power (and Tax Savings) of Charitable Giving #62: Protect Your Family, Mitigate Taxes and Preserve Your Wealth Full Show Notes (05:31) Fundamentals of Tax-Advantaged Investing Accounts (09:55) Employer Plans: 401(k) (12:21) Katie's Bread and Butter 401(k) Strategy (18:07) Employer Account Trade-Offs (20:29) Misconceptions About 401(k)s (24:36) Employer Account Fees (27:26) 401(k) Plan Rollover to New Employer (28:15) Employer Traditional vs. Roth 401(k) (36:39) Contribution Limit for a 401(k): Mega Backdoor (42:30) Retirement Plans: IRAs (46:57) Backdoor Roth IRA (50:05) General Strategy for Traditional IRA (51:43) Roth Conversion Ladder Tactics (53:08) Dividend Income & Capital Gains (56:57) Small Business Plans (1:01:19) Solo 401(k) (1:09:04) 529s (1:11:00) Donor Advised Funds Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello and welcome to another episode of all the hacks a show about upgrading your life money and travel
0:07.7	I'm your host Chris Hutchins and I love sharing whatever knowledge I have to help people earn and save more and leveraging
0:14.5	your tax advantaged accounts is one of the ways you can do that. And who better to
0:19.1	have this conversation with than my good friend and host of the Money with Katie
0:23.5	podcast Katie Gaddy Tassen.
0:25.8	She and I will cover everything including IRAs, 401k's Roth conversion ladders,
0:31.6	which might help you completely avoid taxes when you take money out of your
0:35.0	401k in the future. We'll cover backdoor contributions, HSA's donor advised funds and a lot more.
0:41.7	So let's jump into it right after this.
0:44.0	Did you know that someone new gets impacted by identity theft every two seconds?
0:50.0	It makes sense when there's so much of our personal information getting shared online without
0:54.8	our consent.
0:55.8	I found a listing for my dad on a site called Family Tree Now that had his name, age, address,
1:02.0	phone number, email, past addresses, and the names of his relatives.
1:06.8	And that was just one of the 69 listings that had his info.
1:11.2	Fortunately, instead of spending hours finding all the sites with his info and
1:15.2	submitting the request to take it down, I got it all done in minutes with Delete Me from
1:19.8	Abine and I am so excited to be partnering with them for this episode.
1:24.0	Delete Me is an amazing service that will not just find and remove your personal information
1:29.0	from over 500 data broker websites, but they'll continuously scan for new data that shows up
1:34.6	and get that removed as well. On average, Delete Me finds and removes over 2,000
1:39.2	pieces of data for a customer in their first two years and to date they've removed over 35 million
	...

Transcript will be available on the free plan in -453 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Chris Hutchins, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Chris Hutchins and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.