Submitted by BelichicksBurner t3_127lg1m in newhampshire
smartest_kobold t1_jeffxa8 wrote
Reply to comment by slimyprincelimey in A good article re: repealing interests and dividends tax by BelichicksBurner
Once you have enough liquid assets to cover emergencies, you should be putting that money in a retirement account with tax benefits.
slimyprincelimey t1_jefgfm6 wrote
What if I want dividend income before retirement.
smartest_kobold t1_jegm3v1 wrote
Wait, isn't the first $2.4k untaxed? $83k at 3% APR is about that. How much do you need?
False_Influence_9090 t1_jeg7sly wrote
Works for some people. But what if you want to use your nest egg to start a business
smartest_kobold t1_jeglvy7 wrote
Then pay the tax on the interest from your investments. You'd need ~$80k in the bank before you pay this tax.
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