Maxing out your 401(k) contributions may be on your retirement strategy to-do list, but your options don’t end there. Here’s a reminder about the benefits and limitations of your 401(k) plan, plus 5 essential savings strategies and vehicles to consider when preparing for retirement.
If not adequately planned for, the wealth you’ve taken a lifetime to accrue can be diminished significantly by taxes. Here are five ways you can be proactive in preventing unnecessary taxation on your estate and heirs.
Estate planning is a process designed to organize, optimize, and transfer your assets. With so many moving pieces, the process of developing an estate plan can be overwhelming and burdensome which causes many people to push it to the backburner. But waiting can cause more harm than good as it can lead to confusion and mistakes down the road.