BiggerPockets Money Podcast

452: The 6 Investment Accounts You NEED for Financial Freedom

2023-09-22

If you’re new to personal finance, investment accounts can seem complicated. The terms, the lingo—HSA, Roth, IRA, 401(k)—these may seem like letters in an arbitrary order, but using these retirement and investment accounts can help you reach financial freedom faster, pay WAY less in taxes, and maximize your money even while you’re asleep. So, how do you get started? Tune in; we’ll show you how!Joining us is early-retired CFP (Certified Financial Planner) Kyle Mast to walk through each r...

If you’re new to personal finance, investment accounts can seem complicated. The terms, the lingo—HSA, Roth, IRA, 401(k)—these may seem like letters in an arbitrary order, but using these retirement and investment accounts can help you reach financial freedom faster, pay WAY less in taxes, and maximize your money even while you’re asleep. So, how do you get started? Tune in; we’ll show you how!

Joining us is early-retired CFP (Certified Financial Planner) Kyle Mast to walk through each retirement, investment, and savings account you MUST have on your road to FIRE. In today’s episode, we’ll touch on the common accounts you’ve heard of, like the 401(k) and IRA, as well as some lesser-known investing and savings accounts that can help your money grow faster than you thought possible.

And whether you’re just starting your retirement journey in your 40s, 50s, or 60s, or you’re a twinkly-eyed twenty-something-year-old ready for compound interest to run its course, you’ll get EVERYTHING you need to know about investing and retirement accounts from this episode.

In This Episode We Cover

Retirement accounts explained and how to lower your taxes with 401(k)s and Traditional IRAs

The “triple-tax benefit” account that most Americans don’t even know exists

How to turn taxable income into tax-free charitable contributions in retirement

The savings account that will pay you solid interest JUST to park your money

What to do if you’re a high-income earner and don’t qualify for tax-advantaged accounts

Highly-advantaged niche retirement accounts like the 401a and 457(b) that you might have access to

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding