IRA 401k and Retirement Asset Planning
IRAs and 401(k)s are tax-advantaged accounts that you can utilize to save for retirement and that can provide income during your retirement years. Contributions can be made with pre-tax funds throughout your working life to both a 401(k) or IRA.
Making tax-free contributions facilitates retirement savings, but there are rules for required withdrawals during retirement and there are penalties if you withdraw funds too early or too late. There are also income limits for IRA investments, as well as maximum annual contribution limitations for both IRA and 401(k) accounts. The specific rules applicable to each account type must be understood when making retirement investing plans.
Because of the substantial tax consequences that can result from mistakes involving tax-advantaged retirement accounts, those who are investing for retirement or who are withdrawing funds should strongly consider working with a retirement planning lawyer.
At the law firm of Morris Hall, PLLC, our attorneys provide help to clients throughout Arizona and New Mexico with retirement asset planning using both 401(k)s and IRAs. We will meet with you during your career to identify how to best use tax-advantaged retirement accounts to achieve financial security during your senior years. Our lawyers will also work with you once you have retired to protect your nest egg and follow required rules for withdrawals.
MH attorneys have the knowledge and experience to effectively advise you on all retirement planning matters at all phases of your professional life. Our experience is unparalleled, as many other firms do not offer the comprehensive retirement planning services that our attorneys provide throughout your career and throughout your retirement years.
Contact Morris Hall About IRAs, 401(k)s and Retirement Asset Planning
Morris Hall has offices located in Phoenix, Tucson, Albuquerque and communities throughout Arizona and New Mexico. Contact us today to arrange a consultation to discover how our full-service retirement planning firm can assist with retirement planning, strategic investments, and asset protection