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The Downside of Deferred Compensation Plans
As reported in an article by Kiplinger contributor Charles Rawl, the use of tax-deferred savings plans has been historically viewed as the preferred way to build wealth for a comfortable retirement. While this strategy does enable wealth building, often overlooked (or not adequately planned for) is the tax implications when withdrawals from IRAs and 401Ks begins. Rawl takes a look at these iplications in a post on kiplinger.com, and offers suggestions for mitigation of the impact. Read his post here…
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