Tag: Retirement
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3 Ways to Pay Less Tax Near or in Retirement
As an advisor, one of the most important conversations I have with clients is about tax efficiency in retirement. Many retirees are shocked by how much tax they still have to pay even after their main working years are over. However, careful tax planning is your friend during this time, making it possible to significantly…
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4 of the Biggest 401(k) Mistakes I See
401(k) plans are a crucial piece of retirement for many people. However, many unintentionally make mistakes that can delay their long term financial goals. It can be difficult getting advice related to your employee benefits plan as many advisors don’t discuss these assets. Throughout my meetings with new clients, I’ve identified four common 401(k) plan…
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Can I Contribute to a Roth IRA?
The Roth IRA is one of the most powerful tools for tax-free growth and retirement savings, but not everyone can contribute through normal contributions. Understanding the eligibility rules can help you determine whether you can take advantage of this account or need to look to other strategies such as a Traditional IRA or Backdoor Roth.…