Key Points Don't assume a Roth account is right for you. Don't assume you can raid your Roth IRA or 401(k) at any time. Don't assume that you should keep your entire retirement nest egg in a Roth. The $23,760 Social Security bonus most retirees completely overlook › When it comes to saving for retirement, you have choices. You could contribute money to a traditional IRA or 401(k) for the tax break on the funds you put in. Or, you could save for retirement in a Roth IRA or 401(k). Roth retirement ...

Core Insights - Personal finance expert emphasizes the importance of evaluating luxury purchases by considering their impact on life [1] - A business owner inquired about spending $5 million on fractional ownership of a private jet, reflecting on wealth accumulation [2][3] - The business owner has a net worth of approximately $45 million, with total assets reaching $150 million when including his business [3] Financial Assessment - The $5 million investment is structured with a guaranteed buyback, effectively reducing the net cost to around $3 million [4] - Spending $1 million annually is perceived as minor in the context of the owner's overall wealth, likening it to a trivial expense [5] - The financial expert supports the purchase, stating it aligns with the owner's financial capacity and lifestyle preferences [3][5] Emotional Considerations - The business owner expressed guilt about spending due to a modest upbringing, a common emotional response among individuals transitioning to luxury [7] - The financial expert acknowledges this emotional discomfort and encourages enjoyment of wealth without guilt [7] Tax Implications - The financial expert advises against using tax breaks as the primary justification for luxury purchases, suggesting that decisions should be based on practicality [6]

RT Bitcoin Magazine (@BitcoinMagazine)JUST IN: 🇰🇷 South Korea to recognise #Bitcoin and crypto businesses as venture firms, granting access to tax breaks and financing support.Asia is getting prepared 🙌 https://t.co/u7IAE7mwPS ...

JUST IN: 🇰🇷 South Korea to recognise #Bitcoin and crypto businesses as venture firms, granting access to tax breaks and financing support.Asia is getting prepared 🙌 https://t.co/u7IAE7mwPS ...

President Trump's signature legislation includes several tax breaks for manufacturers, including incentives to build factories, make research and development investments, and build AI infrastructure. https://t.co/2DQbgIlLDV ...