Taxes

• Roth IRA
  Retirement accounts, such as 401(k)s, IRAs, and Roth IRAs, provide tax advantages and growth potential for your retirement savings. Employer-sponsored plans often offer matching contributions, which is essentially free money. Exploring these options and understanding the tax implications can help you optimize your retirement savings strategy.
• Income Tax
  Series I Savings Bonds offer tax benefits that can positively impact your savings. While the interest earned on I Bonds is subject to federal income tax, it is exempt from state and local income taxes. This exemption helps you keep more of your earnings and maximize your returns, providing valuable relief during tax season. By minimizing your tax burden, I Bonds can enhance the overall return on your investment.

Planning

• Reverse Mortgages