It’s that time of year again when many individuals file their tax returns and receive insights into their financial status. While taxes may not be the most exciting topic, your tax return can uncover critical information about your retirement plan. From identifying tax deductions to assessing your retirement readiness, your tax return can provide crucial […]
As tax season rapidly approaches, it’s important for individuals to understand the significance of deducting their retirement contributions on their tax returns. Not only can it potentially lower their taxable income, but it also allows for the opportunity to save for retirement in a tax-deferred account. However, navigating the various retirement plans and contribution limits […]