Row 41089

Row ID: 41089 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 41089 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

In addition to the other excellent points already made, I want to add that you shouldn't let "pay the minimum tax possible" be the goal that dominates your financial life. Would you take a pay cut just so you could pay less in taxes? If you want to save aggressively for a comfy retirement, don't be afraid of the tax bracket at the end. Being in a high tax bracket at the end just means you accumulated a lot of wealth. I'm not saying that you shouldn't practice some diligent tax avoidance (NOT evasion), just that often times our fear of taxes can actually hinder progress towards our goals.

A 457(b) provides an avenue for additional tax advantaged (but not completely tax free) investing space you can use. If you aren't meeting your desired savings rate with your available 401k and IRA accounts, then why not also invest using the 457b? It beats taxable brokerage, right?

FieldValue
text In addition to the other excellent points already made, I want to add that you shouldn't let "pay the minimum tax possible" be the goal that dominates your financial life. Would you take a pay cut just so you could pay less in taxes? If you want to save aggressively for a comfy retirement, don't be afraid of the tax bracket at the end. Being in a high tax bracket at the end just means you accumulated a lot of wealth. I'm not saying that you shouldn't practice some diligent tax avoidance (NOT eva…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1NTnZFNzVEZjlZOWs0MDh5ODh4WUhHYzBFOGpRZU9kN0pkSmw2S3RfUWpLdkFEZmk2OVFXWlZBWDNIZnh1RDlmVHhWUHJ1QTJWckJCbmU4MWRRaEFSRmc9PQ==
url_encoded Z0FBQUFBQm5Lak9jUUdURTlvRWJxelBXN1hfcmhQcm4tNUdFazU3UThGQ2Z3VjJkV3JONEtPYUdyeTU1anB0bmtOd0M0REdXN25pa045cWYtTVdjNTFrY0gtaWJpeTR5Y0ljLU0tbjV3ZzV3VmY5TnJ0T1lPRVRHSTM1b1VjYmJwZEVhbnJJUzB3bHFjNGpaSzJUVndxQzBYbk5HOUhiY09qazAxSjdDZ01KUUFHOVdvSTJOQzRkWXRtMGNwUTBtUlVMZzdLV2NUVThR

Raw Record

{
  "text": "In addition to the other excellent points already made, I want to add that you shouldn't let \"pay the minimum tax possible\" be the goal that dominates your financial life. Would you take a pay cut just so you could pay less in taxes? If you want to save aggressively for a comfy retirement, don't be afraid of the tax bracket at the end. Being in a high tax bracket at the end just means you accumulated a lot of wealth. I'm not saying that you shouldn't practice some diligent tax avoidance (NOT evasion), just that often times our fear of taxes can actually hinder progress towards our goals.\n\nA 457(b) provides an avenue for additional tax advantaged (but not completely tax free) investing space you can use. If you aren't meeting your desired savings rate with your available 401k and IRA accounts, then why not also invest using the 457b? It beats taxable brokerage, right?",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1NTnZFNzVEZjlZOWs0MDh5ODh4WUhHYzBFOGpRZU9kN0pkSmw2S3RfUWpLdkFEZmk2OVFXWlZBWDNIZnh1RDlmVHhWUHJ1QTJWckJCbmU4MWRRaEFSRmc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9jUUdURTlvRWJxelBXN1hfcmhQcm4tNUdFazU3UThGQ2Z3VjJkV3JONEtPYUdyeTU1anB0bmtOd0M0REdXN25pa045cWYtTVdjNTFrY0gtaWJpeTR5Y0ljLU0tbjV3ZzV3VmY5TnJ0T1lPRVRHSTM1b1VjYmJwZEVhbnJJUzB3bHFjNGpaSzJUVndxQzBYbk5HOUhiY09qazAxSjdDZ01KUUFHOVdvSTJOQzRkWXRtMGNwUTBtUlVMZzdLV2NUVThR"
}
Explore Dataset Explore Row

Entry Information