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More Money In Your Pocket and Less To Uncle Sam
Financial Matters with Richard Oring
Financial Matters with Richard Oring
More Money In Your Pocket and Less To Uncle Sam
Aug 03, 2020
Episode 9
roring@ncfg.com (Richard Oring)
Today Rich and Jag look at ways to keep more of your money and give less of it to Uncle Sam.
First, we look at basic tax terms including
- Adjusted Gross Income (AGI)
- Above The Line Deductions
- Itemized Deductions
- Standard Deductions
- Taxable Income
- Credits
- Total Tax
Next, we tackle ways to reduce your W2 income:
- Contributing to a traditional 401k
- Funding a traditional IRA
- HSAs and FSAs
- Commuter Benefits
We also look at different investment strategies that can lower your tax burden.
Resources:
Email Richard: ROring@ncfg.com
New Century Financial Group Website
Call Richard: 609-924-2049 x126
