Joseph A Leonard - Wealth Management & Consulting

As there are a number of options and types of retirement plans that are available to you through your employer, bank or financial planner, you will need to make sure you know which will offer the most benefits in regards to tax breaks. You will need to look at and know when the taxing on these plans will occur. Sometimes the taxes will come out before the money is put into an account. There are some retirement plans in which the money will be taxed upon retirement and you withdraw it from the account. It is also dependant on the amount of money in the account as well as the way that the plan is organized for withdrawals and benefits to you as the account holder. Look into all of the options you have and discuss with our planner how it is that you will get the most benefit out of the plan you are going to use and why.