3 Investment Accounts That High Income Earners Must Have.

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[carbonchain]

If you are a high earner you might also have access to a mega backdoor Roth. Check with your employer if they have a "post tax" retirement bucket.
Its a highly effective way to contribute to your retirement. Honestly if you can save enough to max out a mega back door roth, you really should hire an advisor to get everything lined up correctly.

[cato]

Exactly what I have. In addition, I retired this year with a huge pile of cash and cash equivalents. My tax bill going forward will be in the 12% effective bracket.

[bigmike]

I would think everyone should have all of these accounts regardless of income. I would only add an HSA.

[danielleon]

Make a video on cash balance defined benefit plans, it allows high income business earners to defer anywhere from 100K-300K per year and generate massive tax savings.

[genxretiree]

This video is basically us. We max backdoor Roth IRA’s and our HSA in January each year and max Roth 401k’s over the course of the year. We also put six figures in brokerage each year. We did it backwards though since we didn’t have a Roth option in our 401k for a number of years. So we are heavy pre tax but we’re catching up with all Roth and brokerage (besides the pre tax match in the 401k).

[andrewpaterson]

In 2021 and 2022, the capital gains tax rate is 0%, 15% or 20% on most assets held for longer than a year. Those limits are income based: $0 - $41, 000; $41, 001 - $445, 000; over $445, 001 you get to pay 20% <-- single person rates

[terrafirma]

You invest to be a high income earner not the other way around.