How Tax Diversification Can Increase Your Retirement Income

Just as you allocate your invested assets, you can also diversify with taxable, tax-free and tax-deferred accounts.

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(Image credit: Getty Images)

For many Americans, 401(k) and other tax-deferred retirement plans represent the lion’s share of their investable assets. After all, why wouldn’t you want to contribute as much as possible to a plan that enables you to:

  • Make contributions on a pre-tax basis
  • Achieve tax-deferred growth for as long as your assets remain in the plan
  • Withdraw assets at retirement when you may find yourself in a lower tax backet

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Stefan Greenberg, CFP®, CFS, CLTC
Managing Partner, Lenox Advisors

Stefan Greenberg is a Managing Partner who has been with Lenox Advisors since 2005. Stefan is responsible for working with both corporate and high-net-worth individual clients of the firm. He specializes in comprehensive financial planning, wealth management, estate planning and insurance services for individual clients. Additionally, he helps businesses attract, reward and retain top-level employees through the use of tax-efficient techniques.