US Retirement accounts investing

US IRS offers a range of retirement accounts, if used appropriately, can help save $6K annually and $500K in capital gains tax for individual tax-filers. For married, this savings can double up to $12K annually and $1M+. Following are the some of the tools you can use to make the most out of -

1) 401K account: Annual limit - $23.5K per tax individual

2) Mega back door ROTH: Annual limit - $39.5K per tax individual

3) Back door ROTH: Annual limit - $7K per tax individual

4) HSA: Annual limit - $4.3K per tax individual

*subject to revision based on IRS annual limits 

Many a times, NRIs don't invest in these instrument due to uncertainty around their visa, or long term plans of settling in the US. Nonetheless, everyone can benefit from a tailored approach to the retirement accounts panning designed for your own financial commitments. Schedule a call with us to understand how can we help you save your money.

Your future self will thank you.

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