What is a 401K?
A 401K is a type of retirement plan that is sponsored through an employer. It allows employees to save and invest a percentage of their paycheck. There are 2 types of 401Ks: Traditional and Roth.
The percentage of your paycheck is invested before taxes are taken out. The taxes are deferred until money is withdrawn from the account.
Contributions are made after your paycheck has been taxed. When you withdraw from your 401k, the money will not be taxed.
Your 401K and Tax Planning
A 401K is a good way to make investments while reducing the amount of taxes that you will be paying. We can help you decide the best type of 401k for your financial situation. We will also discuss the best way to invest in your 401k in order to get the best return on your investment. We will do a cash flow analysis on your financial situation in order to help you understand the best way to handle your retirement planning and your investments.
Our Certified Financial Planners©
Our senior financial consultants both have over 25 years of financial planning experience. We enjoy working with our clients personally to ensure that they are completely ready for retirement. Whether your retirement is decades away or it’s already begun, we are ready to work with you. We have helped thousands of individuals feel confident with their retirement with our retirement planning services. Our financial advisors are ready to create your retirement plan.
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