Tax Consequences

11/30/23 • 12 min

1 Listener

Taxes are a major part of your life, especially your life in retirement. Having a good understanding of how you can prepare may save you in the long-run. Discussing your options with a financial advisor can help point you in the right direction. A big part of the conversation will be about deciding how to best save in a 401(k) or a Roth 401(k). But you also need to consider the outcomes and limitations on things like taxable accounts or even life insurance.

Stay tuned as we discuss all things tax consequences in today's episode.

Here’s some of what we discuss in this episode:

What are the pros and cons of using a 401(k)?
What should you do about tax-free accounts?
What are the consequences of taxable accounts?
Are there tax consequences with life insurance?

Get in touch with the Peterson Financial team: https://petersonfg.com/

Stay tuned as we discuss all things tax consequences in today's episode.

Here’s some of what we discuss in this episode:

What are the pros and cons of using a 401(k)?
What should you do about tax-free accounts?
What are the consequences of taxable accounts?
Are there tax consequences with life insurance?

Get in touch with the Peterson Financial team: https://petersonfg.com/

Previous Episode

Cutting Corners Financially

Sometimes we want to take the easy way out instead of the smarter way. Today, we talk about ways people have tried to cut corners financially and where that falls apart. Remember, having a plan and understanding what’s in it can save you a lot of heartache later on.

Here’s some of what we discuss in this episode:

Some people take too much risk to make up for lost time.
Don’t fail to update your legal documents.
Make sure you get organized.
Some ignore the fine details.
Ignoring potential long-term care needs.

Get in touch with the Peterson Financial team: https://petersonfg.com/

Next Episode

Things Your Financial Advisor Might Not Be Doing

Sometimes people get advice from financial “professionals” who maybe aren’t the right fit for their needs. Today, we discuss some of the things your advisor might not be talking to you about. If you’re getting value for the fees you’re paying then that’s one thing. But if you’re not getting your needs met by your financial advisor, it might be time to find the right advisor for you.

Here’s some of what we discuss in this episode: