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