Ready to boost your retirement?

Tax savings – today and beyond

Whether you’ve recently filed your tax returns or are preparing to, it’s not too early to start thinking about 2021 and beyond – and how you can potentially reduce future tax payments. Here are three simple ways to be strategic about taxes:

• Contribute to your retirement account – pre-tax contributions reduce taxable income.
• Take advantage of Flexible Spending Accounts (FSA) or Health Savings Accounts (HSA) – contributions are pre-tax, so you’re not taxed on money you set aside to pay health care expenses.
• Make good use of refunds – there are many smart ways to use your refund money, like pay down debt and add to an emergency fund. See more ideas here.

Consider consolidating accounts with a rollover

Did you leave any retirement accounts with a former employer? If yes, you may want to consider a rollover of those accounts into your current plan, if your plan allows. Take this brief quiz to learn more about the benefits of a rollover and other options for managing your existing retirement accounts.

This information should not be considered to be tax advice. You should always consult your tax/legal advisor regarding your own specific tax/legal situation.

Market Perspectives: First Quarter 2021

A recap of financial events and market performance is now available in the Market Perspectives: First Quarter 2021.