Iris Wealth Advisory, A Registered Investment Advisor Firm
A large part of the world sees tax payment as more or less a necessary adversity. It has grown as an inevitable
part of life that seems like, will never be eradicated. For high income earners, the tax effects and the way
they manage them will significantly affect their finances, their retirement nest egg and their ability to
leave behind an inheritance for the next generations.
The complexity of accumulation and distribution rules of Traditional IRA, ROTH IRA, 401 K will make even tax professionals go to sleep. The complexity does not end with choosing the appropriate account but is only made worse by the type of investments, annuities that work differently in different accounts due to tax rules. Juggling through those rules and investing them all efficiently requires considerable time and effort.
A competent Financial Adviser will help you with the choices and explain the unintended effects or blind spots that could be avoided by choosing age and income appropriate strategies so that you can enhance your nest egg over the years.