Catching Up on Retirement Savings
May 09, 2016Planner: Doug via 1 on 1 consultation
Problem: He was approaching retirement and needed to find more ways to save money.
Suggested Action Steps: We discussed using the catch-up contributions available in his 401k and also funding a Roth IRA for him and his wife for last year and the coming year.
Results: He ended up following through on our discussion, saving on taxes, and put quite a bit more aside for retirement.
Testimonial: “Thanks for your help the other day, Doug! After you helped me realize that I could contribute to my Roth IRA in addition to having maxed out my 401K contributions (I will check on this too), I went ahead and contributed in time for 2015, and fully contributed to my 2016 IRA as well.” – Dave T.