The mega-wealthy don’t follow conventional advice. Most Americans are told to put money in tax-deferred accounts like IRAs and 401(k)s, believing they’ll be in a lower tax bracket at retirement.
But that hasn’t been true for many Americans for over 30 years. High-income earners often end up paying more taxes in retirement.
Instead, the wealthy use tax-free financial vehicles that allow them to grow and access their money without unnecessary tax burdens.
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