Haddam Road in the News: CNN Business

Haddam Road Founder and Financial Planner, Brian Kearns was recently featured in CNN Business. In the article, Brian discusses the flexibility that comes from having tax-free savings like a Roth IRA or Roth 401(k).

Full Article: CNN Business

No matter which type of account they inherit, your heirs must take all the money from them within 10 years. But with traditional tax-deferred 401(k)s and IRAs, they must take distributions every year and pay the tax on them. That may have the effect of pushing them into a higher tax bracket, Kearns said. “They will have a tax bill they might not having been planning on.”