Josh Scandlen Podcast

Interest and dividend income are other areas of the tax code that punishes the ignorant.    You have income on lines 8a, 8b, 9a and 9b? Why?  Is there a strategic reason for earning this income in order to pay tax? If so, that's fine.  Maybe you need the cash to help pay the bills, pay tuition, take a vacation, etc.  However if you're receiving this income because of how your investments are designed without any strategic intent, I suggest you consider a different plan of action  Let's start by looking at what types of income you have.  If you have interest income, from bonds and/or CDs, this income is taxed at ordinary income rates.  Worse yet, there is NOTHING you can do about it other than paying the tax on it...as ordinary income. Consider moving ANY holding you have that yields ordinary income(OI), into your Traditional IRA in order to defer those OI taxes as long as you possibly can.  Remember your IRA is taxed as Ordinary Income anyway. So, having an