Tax Consequences

Taxes are a major part of your life, especially your life in retirement. Having a good understanding of how you can prepare may save you in the long-run. Discussing your options with a financial advisor can help point you in the right direction. A big part of the conversation will be about deciding how to best save in a 401(k) or a Roth 401(k). But you also need to consider the outcomes and limitations on things like taxable accounts or even life insurance.

Stay tuned as we discuss all things tax consequences in today's episode.

Here’s some of what we discuss in this episode:

• What are the pros and cons of using a 401(k)?
• What should you do about tax-free accounts?
• What are the consequences of taxable accounts?
• Are there tax consequences with life insurance?

 

Get in touch with the Peterson Financial team: https://petersonfg.com/