Retirement planning is essential, but it can also be complex. Our goal is to simplify the process by designing tailored investment strategies that align with your financial aspirations.
401(k) Retirement Plans (Employer-Sponsored)
A 401(k) plan is one of the most effective ways to save for retirement. These tax-advantaged accounts allow employees to contribute a portion of their pre-tax (Traditional 401(k)) or after-tax (Roth 401(k)) salary to a diversified investment portfolio.
Key Benefits:
✔️ Employer Contributions – Many employers offer matching contributions, boosting retirement savings.
✔️ Tax-Deferred Growth – Traditional 401(k) contributions reduce taxable income today, with taxes paid upon withdrawal.
✔️ Roth 401(k) Option – Contributions are made post-tax, but withdrawals in retirement are tax-free.
✔️ Diverse Investment Options – Choose from mutual funds, ETFs, and other investment vehicles.
Individual Retirement Accounts (IRAs) (Self-Directed)
For those seeking additional retirement savings beyond a 401(k), an IRA provides another tax-advantaged way to invest. Options include:
- Traditional IRA – Tax-deferred growth with pre-tax contributions (taxes paid upon withdrawal).
- Roth IRA – Tax-free withdrawals in retirement, with contributions made after taxes.
- Non-Deductible IRA – Similar to a Traditional IRA, but contributions are not tax-deductible.
Considerations:
- Early withdrawals (before age 59½) may incur penalties.
- Roth IRAs require the account to be at least five years old before tax-free withdrawals.
- Income limits apply for Roth IRA eligibility.
For those with specialized employment situations, additional options like 403(b), 457 plans, and Deferred Compensation Plans may be available.
