Bridge the Gap: Turn Tax Refunds into Retirement Income

It’s tax season, and it’s always a nice feeling to receive a tax refund. Like last year, it may be tempting for your clients to spend their refunds rather them putting them to work. But. for your clients who are teachers, they may have a retirement gap that is looming.

You can use The Retirement Analysis Kit (TRAK) software to show your clients what their expected retirement gap is so they can stay true to their retirement savings goals by moving assets, even a smaller once-a-year windfall like a tax refund, into their 403(b) plan using “capital conversion.”