March 2, 2018
How Taxes Affect Your Investments
In tax-deferred investment vehicles like 401(k)s, annuities, and IRAs, earnings grow tax deferred. That means tax payments are delayed until the money is actually used. Tax-deferred earnings grow on top of the earnings on the existing principal investment.
It gets complicated. Have you thought about how taxes will affect your savings?
A financial advisor from Lake Michigan Investment Services can help provide the guidance needed to understand how it all comes together. The decisions you make today will affect how much of a bite taxes will take out of your funds in the future.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.