Investing for retirement will help you prepare for your future. But where should you invest your money? If you choose to invest in one or more tax-advantaged accounts, you can prepare for retirement and receive tax benefits. Here’s how the tax benefits of 401(k) plans traditional individual retirement accounts (IRAs) and Roth IRAs can help you pursue your retirement goals.
- 401(k) plans
- Traditional IRAs
- Roth IRAs
See this month’s issue of Let’s Talk Money, these tips may give you a better retirement outlook.
• Double-check Your Return
Everyone makes mistakes, but making a mistake on your income-tax return can cost you. It could delay your refund, boost your tax bill, require an amended return or even trigger an audit. Before you submit your return electronically or put it in the mail, double-check to make sure you haven’t made any errors.
• Clearing the Clutter
Does paperwork pile up on the dining room table, kitchen counter or in a catch-all drawer? Setting up a system can help you save time, reduce stress and avoid late fees and misplaced tax records. Here are a few ideas to help you get started.
• Are you Really Ready to Retire
You may like the idea of retiring. The thought of sleeping in and being able to do what you want, whenever you want, is quite appealing. But the reality of retirement may be quite different than you imagine. Here are a few questions to ask yourself before you stop working.
• Q&A Let’s Talk Retirement
All this and more in this issue of Let’s Talk Money…