How High Earners Can Maximize Their Retirement Savings

If you’ve been blessed with a high income, you may think that you’re maximizing your savings if you’re contributing the maximum amount to your retirement plan and IRA. But there are some little-known strategies you can use to bolster your retirement savings. The information below is a starting point for discussions with your financial advisor and tax professional based on your situation. This is for informational purposes only and does not constitute tax advice.

Should I Roll Over My Old 401(k)?

IF YOU’VE SWITCHED JOBS RECENTLY, YOU’RE IN GOOD COMPANY.

Approximately 14.8 million, or 22%, of active and contributing definedcontribution participants will change jobs each year, according to research from the Employee Benefit Research Institute (EBRI). This means a lot of people have 401(k)s with a previous employer. The big question you must consider when you change jobs is: What should I do with my old 401(k)?

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