Many high earners have tax-saving “turbocharger” tricks up their sleeves that you may have accidentally overlooked.
You’ve been doing everything right when it comes to retirement savings. As soon as you could, you began contributing the maximum amount to your retirement plan. You have followed the strategy, year after year.
But there’s one big problem: You might have a tax target painted right on your back as a result of your current savings strategy.
Most Americans who are contributing to retirement plans receive a current tax deduction for their contribution. But, when you’re old enough to start taking money out, the entire amount of your withdrawal is taxable at your future income tax rate. The goal is that when you’re no longer earning income, your tax rate should be lower.
Unfortunately, this strategy doesn’t always work out for high earners like you.
We’ve designed this exclusive guide for hard-working savers — just like you — who don’t deserve to be punished for doing the right things. You’ll read about what retirement boosters you might be missing out on that you could be eligible for (without even realizing it).
