Do you know the difference between qualified dividends and non-qualified dividends in your investment portfolio? Knowing the difference could mean a smaller tax bill or a much larger one in retirement.
I’ve come across a great YouTube video on the subject so rather than write a wordy explanation, it’s just easier to watch this video than explain the topic.
It’s a good starting point to understand some of the ramifications of having the wrong investment in the wrong retirement bucket to save you a great deal of tax grief.
Needless to say, I continue to tweak my retirement buckets to make sure they are aligned with maximizing income, minimizing taxes and optimizing medicare & social security taxation.
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Did you find this video helpful? Let me know in the comments below.