Is Your Retirement Portfolio a Tax Bomb?

Conventional wisdom suggests you should save everything you can in tax-deferred retirement accounts to minimize taxes in the current year and benefit from tax-sheltered growth. For many, that may still be good advice. Certainly, you should be saving everything you can for retirement. However, for high earners who save a lot, saving in tax-deferred accounts may prove to be bad advice. Why? 

This article is part one of a seven-part series. Today’s article provides an overview of the issues and potential solutions.

Snowballing Required Minimum Distributions

Tax-deferred savings have an associated tax liability that you will have to pay someday. The IRS will only let you avoid taxes for so long. Withdrawals from at age 72.