Alaska currently has no income or state sales tax. Technology has made it easier for individuals and businesses to move to states--or countries--with lower tax rates, says Joe Henchman, vice president of legal and state projects for the Tax Foundation, a policy research organization based in Washington, D.C. "Everybody is under the gun to be more competitive, whether it's government or the private sector," he says.
Mostly, it requires making smart choices, like committing to paying yourself first and setting aside at least 10% of your pretax income in a retirement account, says financial adviser and self-made millionaire David Bach. The good news is, it's easy to fund a retirement plan. If your company doesn't offer a 401(k), you can fund a traditional IRA, Roth IRA, or myRA, which all offer tax breaks and are designed specifically for retirement.
Jessica Pointing knows how to interview. The Harvard University junior received internship offers from companies including Google, Apple, Facebook, Microsoft, McKinsey, Bain, Goldman Sachs, and Morgan Stanley. A computer science and physics major, she has received offer letters for roles in software engineering, data science, product management, consulting, investment banking, trading, and quantitative finance.