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Better Accounting can help you strategize for retirement to minimize tax liabilities. Our experts provide tailored advice and planning strategies to optimize your retirement savings and ensure tax efficiency. Call Better Accounting to learn how we can assist you in preparing for a financially secure retirement while minimizing tax burdens. #BetterAccounting #SmallBusinessAccounting #StaffAccountant #RetirementTaxPlan https://bit.ly/3VLc8bn

Breaking into a retirement plan before age 59½ may result in a penalty tax. But there are exceptions. Here are the rules, along with what happened to one taxpayer who tried to avoid the penalty because he had diabetes.

Planning for the future is essential for achieving long-term goals and staying financially secure. Whether it’s saving for university, buying a home, or planning for retirement, having a plan in place helps you make smart decisions today that will benefit you tomorrow.  Rachel at Charterhouse Financial is here to help you build a solid plan for whatever life throws your way.  📧hello@charterhouse.financial 📞 01782 479966 🌐 https://lnkd.in/egcShSdv #RetirementSavings #PersonalFinance #FinancialWellness #SmartInvesting #FinancialAdvisor #BudgetingTips #SavingsGoals #RiskManagement #FinancialEducation #EconomicOutlook #FiduciaryResponsibility

Key takeaways When you prepare to leave your working years behind, you’ll need to adapt your financial planning strategy as well. Prepare to transition from building your nest egg to generating income from your savings. This phase will likely require more strategic income and tax planning. ... If you have questions about how this transition will look for you, we’re here to help.

If you are interested in starting a consulting business but don’t know where to start, read over this article! It has valuable information.

Tax planning can change the balance and strategy of your overall financial plan. It can inform decisions to help maximize your assets.

What to Know About Your Cash Balance Plan Considering a cash balance plan from your employer? It's crucial to understand this type of defined benefit retirement plan and how it complements existing retirement programs. Watch this video to uncover how a cash balance plan operates and how you can leverage its advantages. #retirementplanning #financialwellness #cashbalanceplans

In this article, our Wealth Advisors explore various options available for small business owners and delve into how timely tax planning can be leveraged to maximise wealth accumulation. https://lnkd.in/dRQjEhHq #wealthadvisors #wealthcreation #wealthplanning #smallbusinessowner #taxplanningstrategies #obt

A cash balance plan is a type of defined benefit retirement plan. Usually, it is offered to employees as a supplement to other employer-provided retirement programs, such as a 401(k) or profit-sharing plan. If your employer is offering you access to a cash balance plan, watch this video to learn how it works and how you can make the most of its benefits. #retirementbenefits #retirementplan #benefits