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Podcast: Money Ripples Podcast
Episode: The 401k & IRA Tax Myth: Why ‘Saving on Taxes’ Could Cost You More Later
Description: Start making passive income here: https://bit.ly/46c7IiX You’ve been told forever that 401(k)s and IRAs “save you taxes.” They don’t. They delay your tax bill and if rates rise, you could easily pay more later than you would today. In this episode, I pull the curtain back on one of the most expensive myths in personal finance and show you why deferring taxes can sabotage your freedom. I start by laying out how traditional retirement plans really work: you contribute pre-tax dollars, they grow tax-deferred, and you withdraw at ordinary income rates the highest rates on t...