From savings to brokerage, 401ks, HSA, and 529 accounts: there are a lot of accounts to choose from! Where should you focus your savings? What is the "right" account to put your money to save on taxes and grow it for the future? Today we discuss the order of account funding, which accounts to focus on first, second and third. Listen as we discuss:<ul><li>Paying off high-interest debt first</li><li>Saving for Emergencies</li><li>Finding free money (401k match and 529 state-tax deductions)</li><li>Health Savings Accounts (HSA)</li><li>Roth IRA and backdoor Roth contributions</li><li>457 deferred compensation plans</li><li>SEP IRA, 529s and more</li></ul>Resources:<ul><li><a href="https://mortonfinancialadvice.com/articles/individual-retirement-account-ira-roth-vs-traditional" rel="noopener noreferrer" target="_blank">Traditional vs. Roth IRAs</a></li><li><a href="https://mortonfinancialadvice.com/articles/health-savings-account-what-is-an-hsa-and-how-to-use-it" rel="noopener noreferrer" target="_blank">Health Savings Account (HSA)</a></li></ul>Find out more about Mike at <a href="https://www.mortonfinancialadvice.com" rel="noopener noreferrer" target="_blank">https://www.mortonfinancialadvice.com</a> and connect at <a href="https://www.linkedin.com/in/mwsmorton/" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/in/mwsmorton/</a>

Ep 8: How to use a Backdoor Roth

Are you busy with your life, but know there are smarter things you could be doing with your money? Are you confused by all the financial jargon and overwhelmed by the options?

Breakthrough the complicated financial landscape with easy-to-understand information and strategies that you can actually follow. I discuss how to become wealthy: tips and habits to change in your life to achieve financial freedom. I dive into topics such as savings, investing, education planning, insurance, tax planning, and more. If it's related to financial planning and financial success, you can be sure we'll cover it.

I love to discuss listener questions, so please connect and follow me at https://www.linkedin.com/in/mwsmorton