tax buckets – Money Guy

Wealth-Building, Simplified: Three-Bucket Strategy Explained!

Daniel May, CFP® — Wed, 29 Jan 2025 13:00:03 +0000

The Three Bucket Strategy is a tax-optimization method for saving and investing. It divides your money into three different types of accounts—each with different tax treatment:

How Taxes Actually Work | An Accountant Explains!

Daniel May, CFP® — Wed, 20 Nov 2024 13:00:26 +0000

Taxes are one of the most fundamental concepts in personal finance. They affect every American — yet for many, they remain a complete mystery. In fact, over half of Americans say they have no idea how taxes even work. Knowing where your money is going and how it's being used is crucial to building wealth.

Build Wealth With the 3 Bucket Strategy In Your 50s! (2023 Edition)

The Money Guy Show — Thu, 18 May 2023 13:00:37 +0000

In your 50s and later, you are fine-tuning your plan for retirement. Take advantage of catch-up contributions in employer plans and Roth IRAs.

Build Wealth With the 3 Bucket Strategy In Your 40s! (2023 Edition)

The Money Guy Show — Wed, 17 May 2023 13:00:27 +0000

The 40s is the first time you might not feel broke – and your accounts have had decades to grow, if you started investing, and should be close to reaching a critical mass (if they haven’t already).

Build Wealth With the 3 Bucket Strategy In Your 30s! (2023 Edition)

The Money Guy Show — Tue, 16 May 2023 13:00:47 +0000

You might not have a lot of extra money or time in your 30s – but contributing to retirement accounts should be a priority. Here’s how to think about which accounts to prioritize in your 30s.