“Tax drag” can hold your money back from reaching its fullest potential—what is it, how does it work, and what do the outcomes look like? Plus, we share a wild money story involving $90,000 of debt. Have a money story of your own? Email us at moneywithkatie@morningbrew.com, and we’ll anonymously share it.

Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.

Reminder: This is not financial advice; we are not certified financial professionals—please do your own due diligence.

Transcript, show resources, production credits, and more can be found at: https://moneywithkatie.com/tax-drag.

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Rich Girl Roundup: What You Should Know About Tax Drag (and a Wild Money Story) 20:00 Share

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Rich Girl Roundup: What You Should Know About Tax Drag (and a Wild Money Story)