Town and Country Bank

What to Know About the Tax Benefits of Saving for Retirement

Besides gaining the confidence of knowing you’ll have money to cover living expenses after you exit the workforce, regular retirement contributions can often provide enormous tax benefits. Unfortunately, some investors are unaware of how a few smart moves could yield exceptional results — both today and in the future. Here’s what you need to know to maximize the tax benefits of saving for retirement.

Are You Saving Enough for Retirement?

Many people feel forced to put saving for retirement on the back burner at least once during their lifetime. Circumstances like a job loss or a pressing financial need can quickly scorch plans to make regular deposits and grow a healthy nest egg. But failing to set aside enough money to cover living expenses for when you no longer earn a full-time paycheck could spell trouble for your future.

Our Guide to Understanding Return on Investment (ROI)

Industry jargon is confusing to many new investors. Abbreviations such as NAV, P/E Ratio, and EBITA can be especially difficult to understand — enough to make a newbie leave market investing to the experts and stick with a simple savings account. But doing so could prevent you from achieving your money goals. A commitment to learning one new investment term a day could help you make informed decisions about your financial future. Check out our recent blog to learn about one of the most important investing concepts: ROI.