401(k)s offer many advantages to anyone who is planning for retirement yet wishes to defer taxation. This month we focus on 401(k)s. (To download the June eLetter, click here).
401(k)s and the Third Best Investment
You may have been told that the first best investment you can ever make is to contribute to your 401(k) retirement plan if your employer “matches” your funds. In this way, a contribution of $100 “instantly” has a 100% return on investment as the employer match makes that $100 into $200. And the second best investment? Paying down high interest credit card debt. This month’s eLetter then dives deep into 401(k)s as the “third best investment,” when you’ve maxed out your employer contribution. We also discuss so-called “solo” 401(k)s, useful for small San Francisco businesses,. And, finally, we turn to the importance of pre-nup agreements for anyone getting married but having significant assets. Enjoy the eLetter!
About Safe Harbor LLP – a Professional CPA Firm in San Francisco
Safe Harbor LLP is a CPA firm that specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service. Its goal: to be the best CPA firm in San Francisco.
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