Many people do everything they can to minimize taxes by taking deductions to IRAs, 401(k) plans, etc. The question is, does that always makes sense?
For many people it may be better to pay taxes now IF there are tools that let money grow tax-free and come out tax-free. Most people are familiar with Roth RIAs or even Roth 401(k) plans (these are funded with after-tax dollars but allow money to grow tax-free and come out tax-free).
Many people and even advisors are NOT FAMILIAR with other tax-free tools that can be used that do NOT have the same funding limits. The role of a good advisor is to know all the available tools and be able help clients use them to accomplish their wealth-building/retirement planning goals in the most tax-efficient manner possible.
If you would like help designing a tax-favorable retirement plan, simply email email@example.com and we’ll set up a call or an in-person meeting to discuss what options will work best for your personal situation.