If you’re a typical retirement saver, you look forward to the day you receive that treasured gold watch and retirement. Gone will be the days waking up to a demanding alarm clock, wrestling with the morning (and afternoon) traffic, and seeing a huge chunk of your paycheck go to the government.
Wait a minute. Rewind that.
Unfortunately, much to the surprise of new retirees, the part about paying the government, that stays (see “Retirement Savers’ Most Taxing Misconceptions,” FiduciaryNews.com, April 25, 2017). For a number of years now, smart financial advisers have been recommending a complimentary mix of both tax-deferred savings (e.g., IRAs and 401(k) plans) and tax-free savings (e.g., Roths).
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
