HIMPower Magazine April Issue | Page 30

only contribute 3% because they stipulated that their match is capped at 3% of employee salary A recent study suggests that many individuals maybe unaware of the impact that taxes can have on their retirement savings. It may make sense for some individuals to move some asset from the “taxable” to the “tax-de- ferred” category for their long-term retirement savings. Be aware that there may be fees, charges and/or tax implications that could result from such a move. Consult a tax advisor before making any decisions.  Robert Rhinesmith is a Registered Investment Advisor, Applewood Capital Management Associates, LLC. 30  HimPower April 2017