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Seven Reasons Why You Should be Investing After Tax Dollars!!!!!!!

Updated May 31, 2018

Seven Reasons Why You Should Be Investing After Tax Dollars

Investing after tax dollars puts your money to work for you.  Your tax return should show dividends, interest or other investment income.  Why? Because investments are opportunities to make things happen for you now and into retirement.

Seven Reasons Why You Should be Investing After Tax Dollars:

  1. Don't do all the work.  All your earned income comes from you.  Your money can be working for you and bringing you more value.
  2. After tax dollars are dollars that have already been subject to income tax. These after tax dollars won't get taxed again when you take the money out of your investments while the money in retirement accounts will be subject to tax when you take it out.  Yes the profits from your after tax investments can be subject to taxes but the principal won't get taxed again.
  3. When you decide to open your own business you will need money to get it started.  Having after tax investment money is the ideal source to fund a new business. 
  4. You need money set aside for emergencies.  While money set aside for emergencies should be liquid money, it should be working for you. 
  5. You are the BOSS.  Having after tax money invested empowers you, giving you control over your life rather than being a victim.  When opportunities come your way you can use after tax money to take advantage of those opportunities. Taking retirement money out for these opportunities will cost you. If you are not yet 59.5 years of age you will be subject to a 10% early withdraw penalty in addition to the income taxes on that retirement money. You could be looking at paying 25% of more in taxes on that retirement money that you take out.
  6. You are planning and making things happen.  You have a plan, a budget that includes savings and investing.  So you are not waiting for a miracle, you are making it happen.
  7. You feel good about what you are doing and are making healthy life choices.
Take charge of your life.  Investing after tax dollars will empower you to have more choices and control over your own life.  This will cause you to be more lively, more joyful, and to live your life rather than let life dictate terms to you. Having money working for you will give opportunities to do things for yourself and others.

Investing is for you.  Create another life for yourself, a life of power, impact, and control.  You can do this by putting your after tax dollars to work for you.  Start today.  One measurement that indicates how you are doing is your tax return. A CPA can prepare a tax return for you but the CPA Superhero will prepare your tax return(s) for you and empower to use what it says to take charge of your life and make more things happen for you.

If you want a CPA Superhero to help you succeed then feel free to contact me using my information below. You can have a free half hour initial consultation.

Jeff Haywood, CPA
The CPA Superhero

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My posts contain general information that does not fit every situation and is not all inclusive and as always in your tax situation everything "depends on facts and circumstances."  So call me to talk about your specific facts and circumstances and what you want to accomplish.

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