401(k) Optimization

Getting the most from your employer sponsored plan

Contact Us for More Information

401(k) Optimization

A 401(k) is a common way to prepare for retirement because this employer-sponsored savings plan offers tax benefits to help maximize the savings for the future. Even if you are setting aside money in a 401(k) for retirement savings, it is possible that you are leaving additional savings on the table. Are you proactive to optimize your 401(k) accounts to leverage the retirement savings for your future benefit?

Ongoing Management of Your 401(k)

Saving money is just the first step to preparing for retirement. It is essential that you take a proactive approach to managing the funds so that you have enough money when it is time to retire. This tax-deferred investment account will grow until you reach retirement age. There are a few strategies that can be used to help the account grow as much as possible.

Instead of applying a set-and-forget approach with your retirement savings account, it is better to hire a professional who can watch the growth for you. Continue making regular payments into the account, and then let us handle the details of the account. In some situations, it might make sense to adjust the strategy of where your payments are placed, to increase the return on your investment.

Overall Financial Strategy

Financial services are focused on helping you maximize your overall financial plan. All details are analyzed, including things like tax strategy, college savings, account consolidation, and more.

For example, if your income places you in a specific tax bracket, it is possible to reduce the tax burden by investing more money into your retirement savings account. There are limits to the amount of money that can be invested each year. But, it might make sense to invest the highest amount to bump your taxable income down into a lower tax bracket.

This type of strategy depends on the type of retirement savings account that you have and your current income level. Most individuals don’t understand financial accounts and tax laws well enough to make an informed decision. Instead of being confused by the details, it is better to work with a financial professional who can make recommendations base on your individual situation.

Our team is experienced with 401(k) optimization and other types of financial planning. When you are ready to improve your retirement savings strategy, we invite you to contact us to learn more about the services that are available.

Have a question or need assistance?

Use the form below or call/email.
(317) 802-7672 | service@rdwfinancialgroup.com

    See Us On BrokerCheck | Get answers to your financial questions: 888-731-4950