#RetirementSavings Archives | Hutchinson and Bloodgood LLP

401(k) Plans

Should you make after-tax, non-Roth 401(k) contributions?

If you’ve been maxing out your 401(k) elective deferrals, you may be able to add to your retirement nest egg with another type of 401(k) contribution.

June 2, 2026

If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the annual elective deferral limit to a traditional, tax-deferred account. If your 401(k) plan offers a Roth option, you can use part or all of your limit to make after-tax contributions to a Roth account instead. […]

#401kPlanning, #FinancialPlanning, #RetirementSavings

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Tax Planning

You may be able to make a deductible IRA contribution for last year this year

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February 18, 2025

H&B

If you’re getting ready to file your 2024 tax return and your tax bill is higher than you’d like, there may still be a chance to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA until this year’s April 15 filing deadline and benefit from the tax savings on […]

#IRA, #RetirementSavings, #RothIRA, #TraditionalIRA

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