Michelle Boyce RICP, VP Rosenzweig Financial Services, Interviewed On The Influential Entrepreneur Podcast Discussing Qualified Funds-How is Too Much [Video]

Michelle Boyce discusses qualified funds  

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-w-michelle-boyce-ricp-vp-w-rosenzweig-financial-services-discussing-qualified-funds-how-is-too-much/

Michelle Boyce, Vice President of Rosenzweig Financial Services, to discuss the concept of qualified funds. Michelle explains that qualified funds refer to retirement accounts such as 401(k)s, 403(b)s, IRAs, and SEPs, which are tax-deferred. This means that while contributions to these accounts are made pre-tax, taxes will be owed upon withdrawal during retirement. The conversation highlights the importance of understanding the nature of these funds and the implications of tax deferral for long-term financial planning.  

Qualified funds, such as 401(k)s and IRAs, are vital components of many individuals’ retirement planning strategies. These accounts are classified as tax-deferred retirement accounts, meaning that contributions made to them are not taxed at the time of deposit. Instead, taxes are paid upon withdrawal, typically during retirement when individuals may find themselves in a lower tax bracket. This structure offers significant advantages for wealth accumulation …