20 Financial Considerations for Retirement
6. Don’t Forget about Taxes
Many times, people simply get too busy focused on working and putting money aside for retirement that they underestimate the impact of investing with taxes in mind at that point in their life. If an employer savings plan is available, then making the maximum contribution that is matched by one’s company is a big consideration to take if one can afford to do so. Similarly, if the savings plan allows the funds to be allocated to a ROTH IRA, the tax benefit in the retirement years will be significant compared to simply putting the investment funds into a mutual fund or other savings vehicle.
