There are three different types of tax accounts. You can either be taxed now, taxed later or have a tax advantage. Being taxed now are accounts such as your checking and savings. These accounts do not build very much interest. The second account is taxed later. Examples of tax later accounts are you 401k and 403b. When you are taxed later Uncle Sam still has to get their cut. Uncle Sam will get 30-40% of your retirement plan. If you chose a tax advantage account, it is TAX FREE. It also builds c

If you’re a California resident and ready to take the next step in securing your estate, visit my website at www.ocestateplanlawyer.com to learn more. You can also schedule a free strategy session with me to discuss your unique situation: https://calendly.com/d/3p9-883-5j2 📘 4 Smart Ways to Pass On Bank Accounts to Your Kids (And What Happens While You’re Alive) In this video, California estate planning attorney I break down the four most common ways to pass on bank accounts to your children—an