Listen to the Smart Money Podcast for wealth-building strategies and tips.

TLDR:

• Investing in Roth IRAs and maximizing tax benefits are key elements for financial success.
• Emergency fund, employer 401(k) matches, IRAs, and asset allocation are important steps in wealth building.

Welcome to NerdWallet’s Smart Money podcast, where we answer real-world money questions. In this episode, learn about investment strategies, tax planning, retirement planning, and the role of financial advisors in achieving financial security and prosperity. The podcast covers the basics of investing, understanding investment accounts like 401(k)s and IRAs, leveraging compound interest, and maximizing tax benefits through tax planning and filing. Experts discuss prioritizing finances, creating an emergency fund, taking advantage of employer 401(k) matches, understanding asset allocation, and determining the balance between paying off debt and investing. Tools like retirement calculators and tax calculators are recommended to estimate contributions and tax liabilities. Overall, the episode highlights the importance of balancing saving for emergencies, investing for the future, and taking advantage of tax-advantaged accounts to build wealth and prepare for a secure financial future.