Do you want to reduce your taxes and increase your savings and income for retirement? Of course you do!
One such method is tax diversification. You may not be familiar with what this entails, which is why we’re here. If you want to find out everything from what tax diversification is to different tax diversification strategies, keep reading below for everything you need to know.
So, Just What Is Tax Diversification?
Tax diversification refers to the allocation of investment dollars into multiple types of accounts. The three basic types are taxable, tax-deferred, and tax-free accounts.