With 401k’s 403b’s IRA’s and other Qualified Plans, you get the tax credit when you contribute, but it will be taxable at retirement when you plan to use it. That’s a big problem. There are other vehicles which can be used ALONGSIDE the fore mentioned, that will provide additional income that may be TAX-FREE.
And if you’re a business owner, you can have an individual retirement plan in addition to your group plan.
Let’s see what your options are.
Be sure to consult with your accountant for tax advice