If your employer offers both Roth and traditional 401(k) plans, you have an important decision to make. With a traditional 401(k), you get to fund your account with pre-taxed dollars but have to pay taxes on future withdrawals. A Roth 401(k) works in the opposite sense. You pay taxes up front but get to withdraw tax-free in retirement.
You are approaching the phase of life you’ve been working toward and preparing for, but are you ready? That’s right, we are talking about retirement. In order to make the transition smooth, now is the time to verify you have everything in place so you can enjoy your investments over the coming years. If you find you aren’t quite where you want to be with your finances, you still have a few years to make bold moves toward your dream retirement.
You don’t have to look far for cookie-cutter financial solutions. But as a professional in the pharmaceutical and healthcare industries, you face unique challenges and opportunities that require a customized touch. That’s where we come in. At Gibbons Financial Group, we have made it our mission to provide financial planning and investment advice that simplifies your complex financial decisions so you can fully embrace your dream retirement.
On the whole, Americans are woefully unprepared for retirement. While wages are not increasing as quickly as the cost of living, many savers are unable to put away as much as they’d like and potentially face a lower standard of living in retirement. Policy-makers and employers have recognized this savings gap and have now taken the first step to help retirees manage their money as well as allow for pre-retirees to plan ahead.
Like many others, I stumbled into my career by chance. An opportunity arose, my interest was piqued, and dipping my toes into something new turned into a long and fulfilling career. This path may have been indirect, but I like to think that while this career initially chose me, I, in turn, chose it, and as my passion and knowledge grew, I committed to it.
