October 2011
It never ceases to amaze us how much money is needlessly handed over to the IRS in taxes every year because individuals have not been properly advised on how they can best save on taxes through the use of qualified retirement plans. We know of cases where people have been paying tens of thousands of dollars every year in unnecessary taxes because they have not set up the most advantageous retirement plan (or combination of plans) for their circumstances. Those thousands and thousands of dollars could have (and should have) been flowing into a retirement account. And funding a tax-sheltered retirement account with money that could have ended up at the IRS is doubly sweet.