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One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step.
October 7, 2017 Stuart Mordfin, CPA, CGMA income tax, 401K, net investment income tax, saving for retirement, plan assets, roth 401K, Roth IRA, modified adjusted gross income, distributions, tax saving strategies, MAGI, tax deferred compounding, traditional 401K, contribution rate, match up contributions, roth contributions, qualified distributions, employer matches, 401 k contribution rate, reducing taxes, increase contribution rate, pretax, paycheck, high income earner, retirement saving considerations
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