Seven Types of Money

Money is money right? Not when it comes to Tax Planning. This guide will explain how to use the 7 different types of money to your advantage and keep the IRS from getting their growing piece.

To truly understand tax diversification, we must understand what types of Money exist and how each of these will be treated during accumulation and, most importantly, during distribution:

What are the seven different types:

1. Free Money

2. Tax-free Money

3. Tax-deferred Money

4. Taxable Money

5. Ordinary Income

6. Capital Gains and Qualified Dividends

7. Tax-advantaged Money