Russian Doll of Tax Savings!

07/09/21 • 9 min

You know what is a Russian doll: dolls within dolls, right? Every time you open one, there is a smaller one exactly like the bigger one...and you keep repeating it to find smaller and smaller dolls :-) They’re also a great metaphor for getting to know someone’s or something’s inner mysteries after breaking through their superficial layers.

In today's episode, I am going to talk about two such items that are like these nested dolls.
One is a terrific TV series on Netflix that has meanings within meanings and is very well acted. Is it a drama? a comedy? or a therapy? Find out and stay till the terrific season finale...a series that will keep you hooked and maybe you will discover some new things about yourself, just like the lead actor does!
The second is a savings vehicle that has triple tax advantages. You can put in money pre-tax, earnings are tax-free, and you don't pay taxes when you withdraw for intended purposes!
Nested dolls, gifts within gifts, surprise hidden in a surprise - I call it the Russian doll of tax savings!
Tune in every Friday for more of these tips & recos...share with your friends and subscribe to the podcast 'WhatTheFs' on all major podcast directories. Look forward to your feedback and suggestions...you know how to reach me ;-)

Previous Episode

Bonds for Life: I & We Bonds, America's Best Kept Secrets!

In this episode, I am going to talk about bonds for life...best kept secrets for low-risk, high returns. And helping you lead a long happy life. Hiding in plain sight ;-)

One of the bonds is Friendship! Having friends for life...and especially friends that know you from the past and are still part of your life now and will be in the future...for your retirement and beyond!

In What the Fun & Film , recommending a series that is tightly wrapped around two such life long friends and their relationships, recollections, and fun interactions. Both have a biting sense of humor and constantly one upping each other.

Show’s creator is Chuck Lorre, and it stars Michael Douglas & Alan Arkin. Inspired casting, funny irreverent humor. Great friends growing old together and enjoying life as they do it!

In What the Finance, I talk about how in today’s low yield world, you can generate healthy risk-free, tax-free returns without getting into high priced stocks, homes or cryptos: I am talking about the the other type of bonds related to Savings that also protect you from inflation. And give you much higher returns than comparable investments like T-bonds. And no, it is not TIPS! In fact this bond is one of the best kept secrets of the financial advisory industry.

Stick with these bonds until & after retirement. Bonds that are low risk, high returns....and will help you through the curveballs later in life!

I am loading up on I & We Bonds...and so should you! Mystified? Intrigued? Keep listening...

If you liked what you heard, subscribe to be podcast, share with your friends, and send in your reviews and ratings! You can also follow me on twitter @What_TheFs
And here's to a great Fourth of July weekend...bye for now!

Next Episode

Like a Crypto Virgin, Never Have I Ever....

Welcome to the latest episode of WhatTheFs, Rak’s Weekly Take in Five on Fads, Films, Finance & Fun, with Friends!

In today's episode, Never Have I Ever had experiences as a first generation India American kid in a local diverse American high school! And have you ever invested in crypto currencies? Maybe you have always wanted to but felt too shy or didn’t know enough to take the first steps...but have claimed you did. Ha, ha, like a crypto virgin...:-)

Well Know more...so that no more!

In What The Film, introducing you to the heart-warming, delightful coming of age Netflix series, Never Have I Ever, about the growing up of an Indian-American kid in a diverse SoCal high school.
In WhatTheFinance, introducing you to Crypto basics....In this section, throwing some light on the cryptocurrency market & the different types of coins. In my next episode, next Friday, I will talk about which ones to invest right now, and how/where?

Tune in every Friday...to WhatTheFs!