The Retirement Mistake That Can Cost Young Workers Big

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Most young workers are unknowingly setting themselves up for higher taxes later in life.
When you first start your career, you're often in one of the lowest tax brackets you may see. Yet many people are guided toward retirement strategies that delay taxes instead of considering options that may be more tax-efficient early on.

In this video, we discuss:

• Why early-career tax brackets matter
• How certain retirement choices can impact future taxes
• A real-world example showing how small tax savings today can lead to larger tax bills later
• The risks tied to accessing retirement money early

Financial education gaps can have long-term consequences, and understanding how taxes work is a key part of retirement planning.

If someone you know is just starting their career, this information may help them make more informed decisions.

Book mentioned in this video: Divorce the IRS
Get the book here: https://www.amazon.com/Divorce-IRS-De...
Before/dp/BOFF9XJQCX/ref=monarch_sidesheet_title

00:00 The costly retirement mistake young workers make
00:28 Why your early career tax bracket matters
00:55 The problem with traditional 401 (k) advice
01:25 Meet Travis: first job example
02:05 How small tax savings today grow into big taxes later
02:45 The hidden IRS "partnership" in tax-deferred accounts
03:15 Early withdrawal penalties most people forget
03:40 A smarter way young workers can plan ahead

This content is for educational purposes only and should not be considered tax or financial advice.

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