Limit the Impact of Taxes on Your Retirement Savings
Uncle Sam will always find ways to take money out of your pockets. Don’t get us wrong, all that money is going to good causes but… if you’re close to retirement, you might want to think about taxes a little more selfishly.
Spreading your money over different accounts will help you reduce taxes when you withdraw the money at a later date. Given that you’ll need every dollar you can get for your nest egg, it’s now time to really study all the account types that you could use!
Don’t just go with what everyone else is because you don’t know their financial situations. Instead, talk to a financial advisor and come up with a plan that fits your needs and desires!
