Building Your Nest Egg
A secure retirement requires thoughtful planning and disciplined investing. We evaluate your income, risk tolerance, immigration timeline and long‑term goals to recommend the right mix of accounts and asset classes. By leveraging employer plans and individual accounts, you can maximise tax advantages and build wealth over time.
Key Retirement Vehicles
- 401(k) & 403(b) Plans – Employer‑sponsored plans allow pre‑tax or Roth contributions with higher limits than IRAs. Many employers offer matching contributions—free money you don’t want to leave on the table. Withdrawals are taxed as ordinary income.
- Traditional IRA – Individual retirement account with potential tax‑deductible contributions. Earnings grow tax‑deferred and distributions are taxed at retirement. Contributions are available to anyone with earned income under certain limits.
- Roth IRA – Funded with after‑tax dollars; qualified withdrawals in retirement are tax‑free. Ideal for those who anticipate being in a higher tax bracket later and for younger savers who need decades of tax‑free growth.
- Annuities – Insurance contracts that provide guaranteed income streams. Options include fixed, variable and indexed annuities. While annuities can add stability to a portfolio, they often involve higher fees and surrender charges, so careful evaluation is essential.
Retirement Planning for H‑1B & Indian Families
Many of our clients plan to stay in the U.S. permanently, while others are uncertain about long‑term immigration. We factor your visa status, potential green card timeline and cross‑border financial obligations into your retirement strategy. It’s important to understand how Social Security works for non‑citizens and when contributions made under a Totalisation Agreement with India may count toward benefits. Our guidance helps you avoid double taxation and make the most of your investment options regardless of where you retire.
Local Investment Opportunities & Risks
The Ohio economy is diverse, with opportunities in technology, healthcare, manufacturing and energy. Investing locally through municipal bonds, real estate or small business ventures can diversify your portfolio and support the community. However, every investment carries risk. We’ll discuss how to balance domestic and international assets, evaluate employer stock offerings and adjust your asset allocation over time. Our aim is to provide a road map that evolves as your family grows and your immigration status changes.
Comparing Retirement Accounts
Each account type has different tax rules, contribution limits and withdrawal restrictions. Use this table to understand the basics:
| Feature | 401(k) | Traditional IRA | Roth IRA |
|---|---|---|---|
| Contribution Limit (2025) | $23,000 plus $7,500 catch‑up if over 50 (combined for 401(k)/403(b)) | $7,000 plus $1,000 catch‑up if over 50 | $7,000 plus $1,000 catch‑up if over 50 |
| Tax Treatment | Pre‑tax (traditional) or after‑tax (Roth option); taxed on withdrawal | Contributions may be deductible; earnings tax‑deferred | Contributions not deductible; qualified withdrawals tax‑free |
| Required Minimum Distributions (RMDs) | Yes, starting at age 73 | Yes, starting at age 73 | No RMDs for original owner |
| Early Withdrawal Penalty | 10 % penalty before age 59½ (exceptions apply) | Same as 401(k) | 10 % penalty on earnings before age 59½ unless exception |
| Employer Contribution | Often available | Not applicable | Not applicable |
Frequently Asked Questions
How much should I contribute to my retirement accounts?
A general rule is to save at least 15 % of your gross income for retirement, including employer contributions. Prioritise high‑interest debt repayment and emergency savings first. We’ll help you build a strategy that balances competing goals.
What should I do with my old 401(k) when I change jobs?
Options include leaving the account with your former employer, rolling it into your new employer’s plan, transferring it to a traditional IRA or converting to a Roth IRA. The best choice depends on fees, investment options and future plans.
Can I contribute to both a 401(k) and an IRA?
Yes. Contributing to both may maximise your savings potential. However, income limits may reduce or eliminate the deductibility of traditional IRA contributions if you participate in a workplace plan.
Is a Roth IRA better than a Traditional IRA?
It depends on your tax situation. If you anticipate being in a higher tax bracket when you retire, a Roth may be advantageous. If you expect a lower bracket, a traditional IRA can provide immediate tax savings. Diversifying across account types can hedge against future tax changes.
Secure Your Future
Planning for retirement doesn’t have to be overwhelming. We guide you through selecting accounts, allocating investments and adjusting your plan as life evolves. Our consultations are free, with no obligation to buy any products.