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        • Medicaid Planning Worksheet
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How Elder Law Attorneys Help You Save for Retirement

If you are not sure whether you are on track for financial security during retirement, you should reach out to an elder law attorney. Many people do not realize that an elder law can provide invaluable help with the retirement planning process so you can make certain that you build and protect a nest egg that you need to enjoy your golden years. elder law

Eghrari Wealth Training Law Firm is here and ready to help you with the retirement planning process, with the asset protection planning process, and with otherwise taking steps to build a more secure future for yourself and for the people you love. To find out more about how an elder law attorney at our firm can help you, you should give us a call today.

How Elder Law Attorneys Can Help You Save for Retirement

An elder law attorney at Eghrari Wealth Training Law Firm  can help you in many ways to make sure you are saving enough for retirement, but one of the most important types of assistance that our firm can provide is advice on taking advantage of tax breaks to save for retirement.

The IRS rules and regulations create many incentives to encourage retirement savings, including allowing people to invest in accounts that are given favorable tax treatment and that are given certain special protections under the law, such as protection from being lost in case of bankruptcy.

Many people have access to a 401(k) at work, which is one of these types of accounts given special protections and favorable tax treatment. If you have a workplace 401(k), you should think about investing in it — at least enough to get any matching contributions that your employer may provide to you. However, some 401(k) investment accounts have limited investment options or there are administrative fees, so you need to determine if investing the bulk of your retirement funds in a 401(k) makes sense or not.

You can also open an Individual Retirement Arrangement in most circumstances, as long as your income is not too high to qualify to make investments in these tax-advantaged accounts. There are two types of IRAs including a traditional IRA that allows contributions to be made with pre-tax funds and a Roth IRA that allows contributions with after tax funds but provides tax-free growth and doesn’t require you to pay taxes when money is taken out of the Roth.

Eghrari Wealth Training Law Firm will assist you in understanding eligibility rules for contributing to an IRA and will help you to determine how much you are are allowed to contribute based on your age. Generally, you can contribute $5,500 at a maximum as of 2018, but if you are over 50, then you get to make an additional $1,000 catch up contribution. If you are  self-employed, you also have other IRA options that allow for larger investments.  Our firm can provide guidance on these accounts and can help you to select and invest in the right tax-advantaged retirement account to meet your needs.

Getting Help from Elder Law Attorneys

Elder law attorneys at Eghrari Wealth Training Law Firm  can provide personalized one-on-one advice as you make your plans for retirement. We can help you to determine what type of IRA to invest in, what your retirement savings goals should be, and how to protect your growing nest egg from loss.

To find out more about all of the different ways our firm can help with the retirement planning process, join us for a free seminar. You can also give us a call at (631) 265-0599 or contact us online  to get your personalized retirement plan underway.

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Eghrari Wealth Training Law Firm
Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill.
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About Eghrari Wealth Training Law Firm

Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill.

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Where We Are

Eghrari Wealth Training Law Firm
50 Karl Avenue, Suite 202
Smithtown, NY 11787
Phone: (631) 265-0599
Fax: (631) 265-0754

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Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
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Eghrari Wealth Training Law Firm
50 Karl Avenue, Suite 202
Smithtown, NY 11787
Phone: (631) 265-0599
Fax: (631) 265-0754

See Larger Map
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Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 2:00 PM

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