From the course: Helping Your Employees Meet Retirement Goals
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Tax deferred and tax-free accounts
From the course: Helping Your Employees Meet Retirement Goals
Tax deferred and tax-free accounts
- When you invest your retirement money, you want to do everything you can to protect those funds. Not only do you want to make sure that the money grows, but you also want to make sure that your funds aren't chipped away. You want to have all your money working for you. That's why retirement money needs to be in an account that is sheltered from taxes. If you can prevent your hard-earned money from being taxed, you'll not only be able to keep more of the money, you'll also be able to compound your growth with that extra cash. So how do you limit taxes on retirement money? First, the good news is that you don't have to break any rules in order to avoid taxes. In fact, most governments around the world have created tax sheltered accounts specifically geared for people who are trying to save for retirement. And they can save money in two ways, by saving on your income tax bill and by limiting the tax on investments, gains, dividends, and interest. This is done through different types of…
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.