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What Tax-Efficient Investment Strategies Exist After I Max My 401(k)?

UNLIMITED

What Tax-Efficient Investment Strategies Exist After I Max My 401(k)?

FromReady For Retirement


UNLIMITED

What Tax-Efficient Investment Strategies Exist After I Max My 401(k)?

FromReady For Retirement

ratings:
Length:
24 minutes
Released:
Aug 25, 2020
Format:
Podcast episode

Description

The topic of this episode of the Ready for Retirement podcast is tax-efficient ways to invest after maxing out your 401(k). You might not know that you can deposit after-tax contributions to your employer 401(k) plan, which will allow you to save future money and attain higher growth in that plan. Another option is mega backdoor Roth contributions, which are in-plan conversions to Roth IRAs that grow tax-free and add to your retirement income.If you have already employed these options and you are looking for more, it would be worth your while to explore backdoor Roth IRA contributions, health savings accounts, and opening up a solo 401(k) account based on any side income that you have coming in. Beyond these options, you could also look into a regular taxable account which is not a retirement account but could be used to grow retirement savings. A great way to begin the process of determining which options you want to research further is to ask yourself what your goals are and the level of market risk you are comfortable with.LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayHave a question you want answered on a future episode? Submit it hereCreate Your Custom Strategy ⬇️ Get Started Here.
Released:
Aug 25, 2020
Format:
Podcast episode

Titles in the series (100)

Ready For Retirement is the podcast dedicated to helping you learn the tips and strategies that will help you achieve your retirement goals. When it comes to retirement planning, it can quickly become overwhelming and easy to not take action. I designed this podcast because I want you to have the knowledge and confidence to create your secure retirement. My ultimate goal for all of my clients (and listeners) is to create peace of mind and that starts with having a strategy. I want you to spend more time thinking about what matters most to you in retirement. I post weekly episodes to keep you up-to-date on all the best tips and strategies to create a retirement that excites you. Everything from investing tips, tax planning, withdrawal strategies, insurance planning, Social Security, and that's just the start! Let's help you maximize your return on life. We use your money and the strategies I share in this podcast to do just that!