People have been told they can save money in taxes by maxing out a 401k or Defined Benefit Plan. These plans are not tax savings plans. You still have to pay the taxes in the future when you take out money. High income earners could end up paying more in taxes by waiting. Watch this video to learn how these plans really work.
The 401k Tax Deception Part I
by Denver Nowicz | indexed life insurance, life insurance, pension, retirement income, small business, tax strategies