Anonymous
11/13/2012 15:35
Subject: Recommend a tax advisor/financial planner
If you earn any money at all, you can put a certain amount into an employer-sponsored 401(k) or a traditional IRA, and your contribution reduces your taxable income for that year. That usually reduces your tax bill.
Anonymous
11/13/2012 14:37
Subject: Recommend a tax advisor/financial planner
Anonymous wrote:People don't really reduce their tax bill by investing. If you are going to invest there may be ways to do so that minimize taxes, but the easy ones are just to save in tax-favored retirement accounts (401k, IRA, etc).
Ok. I'm admitting my ignorance here. So how do you reduce the tax bill? Is it even possible for "normal" folks?
Anonymous
11/13/2012 14:14
Subject: Recommend a tax advisor/financial planner
People don't really reduce their tax bill by investing. If you are going to invest there may be ways to do so that minimize taxes, but the easy ones are just to save in tax-favored retirement accounts (401k, IRA, etc).
Anonymous
Anonymous
11/13/2012 13:11
Subject: Recommend a tax advisor/financial planner
I don't really know what we need. I hear about people reducing their tax bills by investing and I'd like to look into some options. But I don't know where to start.