Learn more about MCA and our investment thoughts and practices. Read our recent quarterly updates and consumer-geared articles on investing.
The team at Midwest Capital Advisors wants our clients to make smart financial decisions. Wise choices are easier when you are well-informed. The content here will hopefully enhance your general understanding of current issues related to financial and/or investment planning. The information may or may not pertain to or be appropriate for your particular financial situation. We are here to help you discern what is right for you, so please contact us with any questions.
When planning for retirement, most Americans think mainly about using tax-advantaged savings vehicles like 401(k) or individual retirement accounts, while failing to consider the triple tax advantages associated with saving for future health care costs using a health savings account, or HSA.
As you may already know, offering a retirement savings plan can help your business attract and retain employees, while making it easier for you to save for your own retirement. To support these objectives, business owners may want to consider adding a Roth option to their 401(k) plans. As the name suggests, the Roth 401(k) incorporates elements of both traditional 401(k) plans and Roth IRAs.