Are you saving your money that’s earmarked for the future, also known as growth money, in three silos?
In this episode, Justin Bennett explains the purpose of saving money in three silos: taxable accounts, tax-deferred accounts, and tax-free accounts. You will learn about the features of each account and why they each play a critical role in your optimal personal economy.
In this episode, you’ll learn:
- Which portion of a non-retirement investment account becomes taxable
- Examples of tax-deferred silos and how they differ from their taxable and tax-free counterparts
- How to take out 100% of your life insurance’s cash value without incurring a tax liability
- How many silos to include in your plan
- And more!
Listen now to learn about the three silos that Justin recommends for your growth money!