Kim and Spencer dive into an interesting topic for today’s episode: Why you should not max out your 401(K) before the end of the year. Stay tuned and listen to their insights. Enjoy!
Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
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Links and Resources from this Episode
- For resources and additional information on this episode go to https://prosperitythinkers.com/category/podcast
- Kim’s book recommendation: https://www.amazon.com/Accidental-Superpower-Generation-American-Preeminence-ebook/dp/B00JJ322NC
Show Notes
- Deferring a tax problem – 0:34
- Understanding the definition of deferring – 0:50
- The deferral of taxes – 3:24
- Kim’s book recommendation – 6:13
- Having your money in the stock market – 7:40
- The importance of control as a principle of prosperity – 7:56
- Pay the tax and keep the money! – 8:38
- Keep seeking other deductions – 9:54
- Do not use the 401(K) – 10:30
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Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.