By Kevin Cook
Most people are familiar with defined contribution retirement plans, also referred to as 403(b) and 457(b) plans. You don’t pay income taxes on contributions in the year you earn the money, so it’s a nice incentive to save, especially if you’re in a high tax bracket.
By Kim Bubet
Filing ones taxes is a ritual, which we all must comply. While it can be a stressful event, with the proper planning, it can be rewarding too. Did you know that 401K and IRA contributions could significantly, reduce your tax burden?
