Now playing
Retirement Boost: Discovering an Extra $29,000 in Tax Savings
Episode 06
Think you’ve maxed out your retirement contributions? See how we helped a client add $58,000 and save $29,000 in taxes.
Learn more
Angie M Grainger
18 November 2024
1 Min Read
Retirement Boost: Discovering an Extra $29,000 in Tax Savings
When planning for retirement, every dollar counts—especially when your tax deductions can still be maximized. But what happens when you think you’ve already contributed the maximum amount allowed? For one client, thankfully the story didn’t end there.
A client came to us, certain they had reached the cap on their retirement plan contributions. They had already set aside the maximum allowed, feeling confident that they had done everything possible to secure their financial future. However, our commitment to detail meant we weren’t ready to call it quits. We dug deeper, reviewing each number and transaction, and in the process, we found a unique opportunity.
Through careful analysis, we discovered an overlooked way to increase their retirement contributions by an additional $58,000, resulting in an impressive tax deduction of nearly $29,000. This unexpected savings came from correcting a subtle error that had gone unnoticed, proving once again that a detailed review can lead to valuable results.
At Prosperent Co, we strive to find opportunities in the messes, mistakes, and missed deductions that others may have overlooked. Our approach is about going the extra mile, ensuring that every potential saving is identified and every deduction is claimed.
We’re focused on one thing: helping you live a better, more prosperous life.
Financial success and security are often found in the details. By working with us, you can be confident that we’ll leave no stone unturned to help you flourish—both now and in the future. Speak with us today—we’re here to help.
Money Found Stories
