Tax-Free Accounts
The impact of taxes is an often overlooked piece when people are thinking about where to put their money, yet it’s prudent to think about it first, not as an afterthought. Taxes have a significant impact as they affect both your retirement savings and your income during retirement.
Many people are familiar with some tax-advantaged retirement accounts, such as 401(k)s, Traditional IRAs (Individual Retirement Accounts), and Roth IRAs. But often people aren’t aware of the significance of these choices or other options that are available. We provide information on how these accounts function because properly utilizing these accounts can minimize your tax liability both before and during retirement and save precious dollars for your future.
Also, ask us about tax-free savings accounts for children. These can be an excellent alternative for college savings and an effective way to start building a strong financial future for your children.