Nguyening Lifestyles Audio Edition

Check out our blog linked below for the picture of the decision tree that we talk through here to help you decide what kind of retirement account is best for you! Of course, this is just for educational purposes, so PLEASE make sure you use this as a primer to talk to a financial advisor or CPA to really help you decide how to best protect your money from taxes. 

3 important things that impact whether you should go with a Traditional vs. a Roth IRA: (1) Taxes, (2) Opportunity Taxes, and (3) Short-Term Financial Needs. We chat about it more in our blog linked below! Be sure you catch part 3! 

Housing in Austin is no joke if you’re going to the University of Texas. Make sure you don’t fall for the fancy showrooms in those nice apartment complexes. They’re not as pretty as you think. I learned the hard way when they put me in a closet and charged me $800/month. I quickly got out of that lease and had to commute from Houston and sleep on a friend’s couch for two weeks. I was homeless. 

Joke: Why can’t you hear a pterodactyl go to the bathroom? (Listen for the answer at the end!)

Adapted from the following post: https://bit.ly/3hxMdNp

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IRAs are Individual Retirement Accounts. They help you shield away your hard earned money from taxes! But picking the right one can be tough, especially since each person is a little different. Here, we dive into the nuances between a Traditional and a Roth IRA.