Strategic Tax Planning 
 

Tax Planning is the single most important thing you can do to fix your immediate retirement plan. When teachers go to work they are asked to fill out a form called a “W4” or withholding allowance worksheet. The purpose of this form is to withhold enough federal taxes so that at the end of each year they have a tax return without owing money to the government.

The form indicates a number of children or dependents including spouse. When the form instructions are followed the allowances are added up and a number along with your marriage status are determined and that number becomes your withholding allowance.

On many occasion we have found that these number are set to receive substantial money back from the government. If you think about has happened with your money all year that is now a tax return is that it has been over with held with the government to give you no interest earned on your money. All the while the government gets to earn interest on your overpaid money. It hardly seems fair.  

At Calfers.com we teach you how to turn that around into your favor and your retirement program earning interest instead of the government. We have an example of this on the bottom of this page.