Posted On: 08/13/2015 3:25:35 PM
Post# of 41413
Question for you, and anyone else who may have knowledge on this topic.
As a 24yo student without any income, what type of account would be best to minimize tax payments? To my knowledge I pay relatively low taxes on any investment growth because of my lack of income, however in 2ish years when I begin to work on salary this will no longer be the case and I would be subjected to a higher tax rate. Is there a type of account I could/should open at this time in order to keep a low tax percentage, similar to what you did except for someone my age?
Thank you
As a 24yo student without any income, what type of account would be best to minimize tax payments? To my knowledge I pay relatively low taxes on any investment growth because of my lack of income, however in 2ish years when I begin to work on salary this will no longer be the case and I would be subjected to a higher tax rate. Is there a type of account I could/should open at this time in order to keep a low tax percentage, similar to what you did except for someone my age?
Thank you
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