Triple Tax Advantage

The Triple Tax Advantage refers to three benefits of certain investment accounts—like Roth IRAs or 401(k)s—that help your money grow more efficiently. First, your investments grow tax-deferred or tax-free, meaning you don’t pay taxes on gains as they happen. Second, your contributions may be tax-deductible, reducing your current taxable income. Third, in qualified accounts like Roth IRAs, qualified withdrawals are tax-free. This combination allows your investments to grow more quickly over time, as you save on taxes both now and during retirement, maximizing your overall wealth-building potential.