Transcript:
This is money talks with Chad Olivier.
Sponsored by Olivier Group. Hi. This is Chad Olivier, CEO and certified financial planner with Olivier Group. Today, let’s talk about the importance of building a well rounded portfolio, not just your traditional retirement accounts like a four zero one k, but also a Roth portfolio in a non retirement investment portfolio.
Most people focus on saving in a four zero one k, which is a great start, but it’s only one piece of the puzzle. By also building a Roth in a non retirement account, you give yourself more flexibility and control once you stop working. Here’s why that matters. Roth accounts grow tax free and qualified withdrawals in retirement are tax free. That gives you the ability to generate income without increasing your tax burden. A non retirement account gives you access to your money without early withdrawal penalties and can be used strategically to manage your income in retirement. These options allow you to better control your taxes, and in retirement, that can impact how much you pay in Medicare premiums and other income based costs.
When it comes to estate planning, non retirement assets receive a step up in cost basis when passed to your heirs, which can significantly reduce capital gains taxes.
In Roth accounts, those can pass on tax free, making them a powerful legacy tools. So when you’re saving for the future, don’t put all of your eggs in the four zero one k basket. A balanced strategy gives you options for managing income, taxes, and your legacy more effectively. Visit us at olivier group dot com and let our team help build a custom strategy that works for your goals, and that’s why money talks to planning pace.
This has been money talks with Chad Olivier.
