You’ve been contributing to an IRA or 401K for years maybe even decades! Putting money into these accounts is easy but withdrawing this money in retirement is complicated. You haven’t paid a dime in taxes on this money yet, and Uncle Sam wants his cut as soon as you start taking withdrawals. If you don’t have a withdrawal strategy, you could make a critical mistake that could end up costing you a fortune.
In this episode, we share 5 common mistakes retirees make with their IRA and 401K, here are the first three:
Host Ben Christy interviews Beacon Capital Management’s Senior Partner and Co-Owner, Pete Benson, and CEO and Co-Owner Jon Maxson, for this episode of the Beacon Retirement Strategies Radio Show: 5 Common Mistakes with Your IRA and 401K That Could Leave You with a Fraction of Your Retirement Savings
A defensive tax strategy could save you a SIGNIFICANTLY in retirement. If are unsure what your tax strategy looks like, we highly recommend you take advantage of our FREE, Retirement Tax-Savings Analysis.
Also, download our FREE TAX-SAVINGS GUIDE to learn about the four steps you can take to put yourself in a position to save money on taxes in retirement.