“You can’t overestimate the need to plan and prepare.”
– Chris Corrigan
Though most everyone has wrapped up the 2008 tax season by now, it is important to continue meeting regularly with our clients about how tax policy in Washington affects them at home. Following are several valuable options we can enlighten our clients about to help them build and maintain a stronger financial future.
As trusted advisors, we must stress to our clients the importance of maximizing contributions to their retirement plans, including any employee 401(k), Traditional or Roth IRA or non-deductible account. Maximizing contributions is a critical part of any retirement plan. As a general rule, encourage clients to start contributions early and to put in as much as possible to increase the value of tax-deferred growth.