6 Tax-Efficient Ways to Save Over $60,000 for Retirement This Year

Save Smarter For Your Retirement - Corporate Max Savings Q1 2021


If you’re about 10 or 15 years from retirement, you may be wondering how to make sure you're saving enough for retirement. While everyone's financial situation is different, many of Houston's large corporations offer benefits to their employees that can help them save for retirement in tax-efficient ways. 

Many corporate professionals know that maxing out your 401(k) is not only good for retirement, but it can help reduce your taxable income when filing your taxes. Making contributions to your 401(k) can also secure your full company match, if done properly. While many believe that contributing $19,500 is what it takes to max out 401(k) contributions, there are strategies that can help you save as much as $70,500 in retirement accounts in 2021. Whether your company offers a 401(k) with a generous company match, a formula-defined pension, or deferred compensation plans for executives,  it’s important to have an in-depth understanding of how the plans work to ensure you're getting the most from them for your retirement. If you're not careful with how you contribute to certain benefit plans or when they pay out, you could end up leaving money on the table or costing yourself extra in taxes. In this webinar,  Director of Wealth Management, Alexis Long, MBA, CFP®, covers important aspects of these various employee benefit plans, including strategies for: 

  • Getting the maximum amount into your 401(k) this year: up to $58,000 for those under 50, and up to $64,500 if you're age 50 or over
  • How to use after-tax contributions and roll them into a Roth (even if you're above the income limit to contribute to Roths directly)
  • Understanding how to lessen the tax impact of your pension and excess benefit plan payouts
  • Combining these strategies and planning tools to get up to a total of $63,500 into tax-preferential retirement savings ($70,500 if you’re over 50) this year!

If a successful retirement is part of your long-term plan, this webinar will provide you plenty of useful, actionable information you can put into practice as you plan for the future.

You will not want to miss this webinar, watch now by filling out the form. 

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