Having more of your money packed in your home is a way to shelter it from federal and state asset-income taxation.
As an economist, here are the top 21 money rules that I live by and teach:For sure, they won't all just stick in your brain.
Or it may be someplace with no state income tax, no state estate tax, and no state inheritance tax.
Or, in other words, don't put more money into the stock market until your initial bets are safe from losses.
Laurence J. Kotlikoff is an economics professor and the author of "Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life."
Persons:
—, It's, Sam, I've, they'll, you've, Laurence J, Kotlikoff
Organizations:
Social, Security, Social Security, Harvard University, New York Times, Bloomberg, The Financial Times, Twitter
Locations:
New Hampshire, Massachusetts