- What is it? The opportunity to grow your money in stocks and bonds, but you need to pay taxes.
- Do I need it? If you have money left over after completing steps 1 thru 12.
- How much should I save? Everything you have left!
- Watch out for! Risky investments. Stick with target date index funds.
- Did you know?
- 4%-8% | average amount earned on a balance portfolio of stocks and bonds
- $44,142 | amount you earn on $20,000 @ 6% interest over 20 years
- Why? Because the rest of your money needs to grow faster than prices do.
- More info: When Should You Choose Taxable Investment Accounts?
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