Periodically review your retirement savings and investment strategies from a Tax perspective
When it comes to saving and investing, there are essentially three different types of accounts.
- Taxable: Taxes due on investment income in the year in which it is received
- Tax-deferred: Tases are not due on investment income until withdrawn
- Tax-Free: Investment income may be exempt from federal, state and/or local taxes
Ask your financial and tax professions for more information.
Review this Tax Action planner, provided by Corebridge Financial, to understand how you can take advantage of tax-smart strategies for retirement.
Corebridge Financial, is an approved asset manager for the 403b retirement savings option. 403b and 457b retirement accounts are available to both full-time and Part-time faculty and staff (non-student) employees.