Explore how a ‘backdoor’ Roth IRA or Health Savings Account may help you save more. 

  • If your income is too high to make direct Roth IRA contributions, converting a traditional IRA to a Roth may be a viable option.
  • Health Savings Accounts may offer a tax saving opportunity, as contributions are tax deductible and withdrawals are tax free if used for qualified medical expenses.
  • With any retirement planning strategy, it’s important to review all of your current benefits with your advisors to be certain you are making the right decisions for your financial future. 

As a company executive, you likely enjoy a comfortable lifestyle—one that you hope to continue in your retirement years. Unfortunately, traditional retirement savings options have annual contribution limits that may not allow you to accumulate as much as you would like. If you are already contributing the maximum amount to your 401(k) or other qualified plans (and possibly a deferred compensation plan as well) and still have the means and desire to save more, there may be other options. 

Please see important disclosures at the end of the article.



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