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Posts & Investments - #taxefficiency

Christeen White avatar
Christeen White
@ChristeenWhite
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Invested in H&R Block
#tax #taxationistheft #taxbreak #taxed #taxefficiency #taxefficient #taxes #taxfree #taxfreenoloss
Tipped
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Ravi Patel avatar
Ravi Patel
@rvp
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Sold C3.aiInvested for 301 days
Lost53.84%
#taxefficiency
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#403Bplan #SaturdaySchool So more retirement savings accounts for Saturday School this weekend... WHO should invest in a 403(b)? - Qualifying employees of public schools and tax-exempt organizations such as teachers, school administrators, professors, government employees, nurses/doctors, and librarians. - You should consider investing in a 403(b) if this is your employer's retirement savings accou…See more
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#ThirftSavingsPlan #SaturdaySchool So to be perfectly honest, I had no clue this existed until I started talking with my father in law. I'm new to the family and honestly never expected to talk w/ him about personal finances ... until I him and my mother-in-law listened to @brendanschema 's podcast that I was on last month while road tripping 🤯. Also this is my shameless plug for you to go listen to h…See more
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#529Plan #SaturdaySchool So I don't have any kids and I have no student loans so this was never a priority. Now that I maxed out all my other retirement savings and tax advantage accounts, this honestly is the next frontier for me. My wife and I are hoping to try and start having kids sometime in the near future and hope to have at least 2 kids. We could easily start a 529 account in each of our nam…See more
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Monique Nguyen avatar
Monique Nguyen
@financepillowtalk
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💡 Guide to IRAs - Part 1 💡 You may already be bored after reading that title, but PAY ATTENTION. You're going to want to know this info. Why? Because it's going to save you HUNDREDS OF THOUSANDS OF DOLLARS. Read that again. Not hundreds of dollars, HUNDREDS OF THOUSANDS of dollars 👀. ⭐ Here's an example: ⭐ If you invest the maximum IRA contribution every year ($6,000 or $7,000 if you're age 50 an…See more
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Monique Nguyen avatar
Monique Nguyen
@financepillowtalk
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Question: Do you have a Roth IRA? Do you like paying taxes? Dumb question 🙄, right? No one likes paying taxes, but they're a reality of life. Well, maybe not. If you love investing 📈 and hate paying taxes 💸, you should be investing using a Roth IRA. All the earnings from the investments you make within your Roth IRA are TAX FREE (as long as you follow all the qualified distribution rules). Peter Thiel, one of the founders of PayPal, was able to turn $2,000 in his Roth IRA into $5 BILLION, TAX FREE 🤯 (article link below). Let me know if you'd like to see a more in-depth post on Roth IRAs. ----------------- Note: If your income is too high to directly contribute to a Roth IRA, check out the Backdoor Roth IRA https://youtu.be/g-VXA7Ze4qw ----------------- Quick crash course on 401Ks and IRAs: https://youtu.be/Z8y8UXOmJG4 ----------------- Refresher on how stocks are taxed: https://youtu.be/N43PxOTSJcE https://public.com/posts/F4h2sIIUM3Vzro52aIJu506THPlq7PR9 ----------------- Peter Thiel article: https://bit.ly/3jmEZ2u ----------------- #taxefficiency #investing101 #investingbasics #rothira

YAAAS I love my Roth IRA47.41%
NOPE taxes are whatev11.85%
HELP me understand it40.74%
135 votes • Ended 09/26/21
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#HomeSale #CapitalGainsTax #SaturdaySchool So this one is not related to the stock market or a retirement savings account, but with the housing market being insane it felt like it still tied into the overarching idea of taxes and personal finance. WHO should be aware of Capital Gains Tax for Home Sale? - All home owners interested in selling their home ... the market is crazy and your house is prob…See more
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#PopQuiz It is September 2021 and lets say you have been dollar cost averaging the $VOO a $100/month since June 2020. At this point in time you are wanting to lock in some PROFITS from your investment and move that money into something else. Which shares do you choose to sell first to realize long term capital gains? Why? Resource: https://www.hrblock.com/tax-center/income/investments/first-in-first-out/ P.S.: To be honest, I am not sure how Public sells the shares in a stock/ETF that you have been adding to over time. In Fidelity, I can choose which shares to sell first. @RyanGrossner so which is it? My other free educational resources: https://linktr.ee/ctsshah #FirstInFirstOut #TaxEfficiency

June/July/August Shares46.54%
The most recent ones15.72%
A little from each months14.47%
Phone a Friend 23.27%
159 votes • Ended 09/21/21
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#SaturdaySchool #Employer401k If you have access to an Employer 401(k) and you are not taking advantage of the full employer match ... then you really should reconsider. When contributing to the 401(k) makes your paycheck after taxes smaller ... I get how it can seem counterintuitive. But, by getting the full match first you are not only paying yourself first but getting a pay raise from your boss…See more
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#SaturdaySchool #TaxLossHarvesting 😂 I know my Asian followers are probably cringing inside a little bit w/ that #SaturdaySchool tag, but I did say I would use my Saturday for tax efficiency related teaching. Since the capital gains tax was popular this week. This lesson is simply meant to be an introduction to the concept of Tax Loss Harvesting and should be supplemented by your own reading. WHO…See more
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#CapitalGainsTax So yesterday's poll on #MarketCorrection revealed something new about the community to me. The vast majority of you have only recently started investing since AFTER 2020 crash. Which means that Tax Day 2021 may have been the first time you realized that you had taxes due on your gains. How many people had a #TaxBomb go off on them this year? Did you know Public has a capital gains tax calculator? For more info check resoureces below or my YT channel for the video on Capital Gains. Resources: - https://public.com/capital-gains-tax-calculator https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates #StrawPolls #TaxEfficiency #TheMoreYouKnow

👀 Capital Gains Coming16.95%
I got got w/ Tax 💣6.78%
Just Started 2021 😵52.54%
🤑 Taxes are for Chumps23.73%
177 votes • Ended 08/19/21
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CTSSHAH avatar
CTSSHAH
@ctsshah
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#TheIntelligentInvestor #BookReport Onwards to chapter 3, it was a rainy morning and had plenty of time to read and so I struggled through "A Century of Stock-Market History: The Level of Stock Prices in Early 1972." I'm far from a history buff or technical investor and so this one was particularly painful to read and digest. With that being said there is wisdom in understanding where the market has…See more
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