Miami Accountants Say It’s Never Too Early to Plan for Retirement

As you enter the workforce, planning for your retirement 40 years (or more) down the road can seem quite daunting; however, having a sound retirement plan in place is one of the smartest and most practical things you can do as soon as you start making money. The sooner you start saving for retirement, the sooner you can start making your money work for you.

Which Type of Investment Account is Best for You?

Knowing where and how to invest your hard earned money is critically important, and hiring one of the best Miami accountants for the task is essential. There are several ways to invest your earnings, and your approach should be tailored to fit your needs.


As a general rule, you can start by investing money in a retirement plan offered by your employer such as a 401(k), because the money will grow tax-free until you withdraw it in retirement. Further, you can avoid taxes either on the money as it is invested into the plan or withdrawn, depending on whether you choose the traditional or Roth method.


You can also invest in your own tax-advantaged retirement fund of your own, known as an IRA, or a regular investment account that may not enjoy the tax advantages enumerated above.

Making the Most out of Your Investment

Once you’ve decided which type of investment account (or accounts) you want in your portfolio, you need to decide how to manage the wealth inside. Generally speaking, you can choose to invest in stocks, bonds and cash – or some mix of the above. Finding out the right mix should be tailored to your age, income and what your ultimate goals for retirement are.


For over 40 years, VVerdeja, De Armas & Trujillo, LLC has encompassed some of the best Miami accountants. We perform numerous employee benefit plan audits to assist you in planning for your future. Contact us today at 305.446.3177 and let one of our seasoned CPAs show you how to get the most out of your retirement investment.