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Developing a strong investment strategy can help pave the way toward a brighter financial future. Explore your options and learn how you can start today.
Get startedNo more guessing, it’s time for guidance
Whether you’re just starting or taking the next step, we’re here to help with your investment journey — from setting your investment goals to balancing risks and rewards.
Hard work today can yield future rewards. Plan, save, and strategize to achieve your retirement goals.
- Review the options of your employee-sponsored qualified retirement plan (QRP), such as a 401(k), 403(b), or 457(b). Many companies that offer employer-matching and contributions to retirement accounts also have the benefit of tax-deferred growth potential — allowing your savings the opportunity to grow tax-deferred until time of distribution.
- Consider self-directed options like an individual retirement account (IRA) or a Roth IRA. Traditional IRAs offer tax-deferred growth opportunities while Roth IRAs offer tax-free potential. Explore the benefits of both.
- Compare the pros and cons of timing your retirement. If you think early retirement is for you, it may require more discipline upfront. Think about financial factors that may impact this decision, like if you own a home, have a business, or intend to start a family.
Building wealth takes time, and you deserve a plan that protects your progress. Consider the following tips to help you better protect yourself and your wealth.
- Try creating a strong financial foundation to help foster your monetary growth. This may include saving a percentage of your income, regularly contributing to your retirement account, or paying off high-interest debt.
- To safeguard what you’ve built, consider protecting your assets through insurance, establishing an emergency fund, or diversifying your investments. These strategies can help provide a buffer during financial challenges.
- Create long-term, practical habits that will help you achieve your financial goals to build and protect wealth. Establish routines and habits that work for you. Regularly check-in with yourself or a designated specialist to discuss how you’re doing. Ensure you’re saving for a rainy day and be intentional with your spending.
Understanding the role taxes play in your overall investment strategy can help you avoid surprises like a higher-than-expected tax bill.
- Examine your current portfolio. Today, investors have options to help them optimize their portfolio while keeping tax considerations in mind. Look at how your investments are currently allocated. Does anything stand out or confuse you? Make note of any questions that pop up.
- Consider reviewing your portfolio with an advisor to make sure it’s aligned with your investment objectives. They can help you strike the right balance between tax-efficiency and prioritizing your outlined financial goals. You can ask an advisor for clarity if you’re unsure about any investments you own, or about building a tax-efficient portfolio.
- Remember: taxes are a consideration, but shouldn’t be the sole driver of your investment decisions. Think about the bigger picture and your long-term goals.
Discover more about investing
Explore investment opportunities, learn why investing matters, how to start, and how to grow your wealth.
Investment and Insurance Products are:
- Not Insured by the FDIC or Any Federal Government Agency
- Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
- Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested
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Wells Fargo & Company and its affiliates do not provide tax or legal advice. This communication cannot be relied upon to avoid tax penalties. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
Withdrawals from employer-sponsored retirement plans may be subject to ordinary income tax and may be subject to an IRS 10% additional tax for early or pre-59 ½ distributions.
Guarantees are based on the claims-paying ability of the issuing insurance company. They do not guarantee an investment return or the safety of the underlying investment choices.
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All investing involves some degree of risk, whether it is associated with market volatility, purchasing power, or a specific security. There is no assurance any investment strategy will be successful. Asset allocation does not guarantee a profit nor does diversification protect against loss.
Traditional IRA distributions are taxed as ordinary income. Qualified Roth IRA distributions are tax-free provided a Roth IRA has been open for more than five years and the owner is at least age 59 ½ or disabled, or using the first-time homebuyer exception, or taken by their beneficiaries due to their death. Qualified Roth IRA distributions are not subject to state and local taxation in most states. Distributions from Traditional and Roth IRAs may be subject to an IRS 10% additional tax if distributions are taken prior to age 59 ½.
Insurance products are offered through non-bank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
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