Suppose you are28 and married. You and your spouse file for income taxes jointly. You are in the 25% tax bracket. You are considering a few personal investment issues. Which of the following strategies is most tax efficient for your situation? ______ a.Invest all your income inside your regular taxable investment account. b.First, fully fund your 401 (k) account, then invest the rest in the IRA and Roth IRA account, finally invest the remaining money, if any,in your regular taxable investment account. c.Fully fund your 401 (k) account, and then invest all the rest money in your regular taxable investment account. d.First, fully fund your IRA and Roth IRA account, then fund your401 (k) account, finally invest the remaining money, if any, in your regular taxable investment account.
Suppose you are28 and married. You and your spouse file for income taxes jointly. You are in the 25% tax bracket. You are considering a few personal investment issues.
Which of the following strategies is most tax efficient for your situation? ______
a.Invest all your income inside your regular taxable investment account.
b.First, fully fund your 401 (k) account, then invest the rest in the IRA and Roth IRA account, finally invest the remaining money, if any,in your regular taxable investment account.
c.Fully fund your 401 (k) account, and then invest all the rest money in your regular taxable investment account.
d.First, fully fund your IRA and Roth IRA account, then fund your401 (k) account, finally invest the remaining money, if any, in your regular taxable investment account.
Being married and filing income tax returns jointly means the income slab will be $168,401 and $321,450.
Regular Taxable investment account - It is an account through which an individual can invest in all sorts of securities i,e, stocks, bonds, mutual funds etc. Investment in a regular taxable investment account while give you benefits like: Using money for various goals, Plan to us your money before you retire, etc.
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