CPA Advantage #2 | Wealth Accumulation Phase
Published on by Andy Bertke, Ryan Lauer, in Video, Wealth Management
Can’t watch the video? Get the transcript!
Retirement planning starts long before retirement itself. During the wealth accumulation phase of your life, you’re focused on building wealth, establishing good financial habits, and making decisions that can have a lasting impact on your future financial security.
401(k) or IRA…or both?
In this video, our leading wealth advisors and CPA/PFSs Andy Bertke and Ryan Lauer unpack two of the most common retirement savings vehicles: 401(k) plans and Individual Retirement Accounts (IRAs). They explain how each works, the advantages of employer-sponsored retirement plans, and why taking full advantage of a company match can be one of the most effective ways to grow your retirement savings.
What’s the difference between a traditional IRA and a Roth IRA?
Andy and Ryan also explore the differences between traditional and Roth retirement accounts. While traditional accounts may provide a tax benefit today, Roth accounts offer the potential for tax-free withdrawals in retirement. Understanding the tradeoffs between paying taxes now versus later is an important part of building a retirement strategy that aligns with your long-term goals.
What’s a backdoor Roth IRA contribution? What do I need to watch out for with this strategy?
For higher-income earners, the discussion covers backdoor Roth IRA contributions, a strategy that can provide additional opportunities for tax-advantaged retirement savings. But there are some common pitfalls associated with these transactions, so careful planning can help you avoid unintended tax consequences.
Whether you’re early in your career or need to optimize your retirement savings approach, this video provides practical guidance on retirement account options, tax considerations, and strategies that can help you build a better, brighter financial future.
Other resources
You might also be interested in learning more about wealth management services available through Barnes Dennig Private Wealth Management, exploring monthly and quarterly market commentary featuring insights and in-depth perspective of what’s happening in the markets, or focusing on how to harness the power of high-yield dividend funds in income investing.
If you’re interested in retirement planning for business owners, we’ve got you covered there, too. You can also watch the full CPA Advantage series on demand, with new episodes dropping throughout 2026.
Let’s talk.
Have a question or want to explore options for your financial future? Our team of top financial pros is here to help. Contact us for a free consultation.
