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The Fit Wealth ShowAuthor: Amanda & Shawn Hanquist Language: en Genres: Business, Entrepreneurship, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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155. Maxing Out Your Retirement Accounts (Beyond the 401(k))
Tuesday, 13 October, 2026
Maxing Out Your Retirement Accounts (and Go Beyond the 401(k)) Episode Overview You’ve probably heard it before: “Max out your 401(k).” But for high earners — especially business owners and entrepreneurs — that’s just the starting line, not the finish line. In this episode, Amanda kicks off our Year-End Tax Strategy Series by breaking down how to use advanced retirement planning tools to save more, lower taxable income, and accelerate wealth building before December 31st. If you’re earning $300K, $500K, or even seven figures, this episode shows you how to make your money work harder for you. In This Episode, You’ll Learn: 1️⃣ Why the 401(k) Isn’t Always Enough 2025 contribution limits: $23,000 ($30,500 if over 50) Why that barely moves the needle for high earners How to layer additional plans to reduce taxes and grow wealth faster 2️⃣ The $70,000 Opportunity The combined employee + employer contribution limit for 2025 How business owners can stack profit-sharing contributions Real example: earning $300K and deducting $70K from taxable income 3️⃣ Cash Balance & Profit-Sharing Plans How Cash Balance Plans let you save six figures annually — all pre-tax Why they’re ideal for high-income earners in peak earning years Using these plans to “catch up” on retirement quickly and legally 4️⃣ The Mega Backdoor Roth How to move up to $43,500 into a Roth 401(k) in 2025 Why tax diversification matters for long-term flexibility Building a balance of pre-tax, Roth, and taxable assets Key Takeaway If you’re a high earner or business owner, don’t stop at “maxing out your 401(k).” Start asking: “What else is available to me?” Because when you layer your retirement plans strategically, you can: ✅ Reduce taxes now ✅ Build wealth faster ✅ And create more flexibility later Advisory services are offered through Fit Wealth Advisors, LLC. d/b/a Fit Wealth, an Investment Advisor in the State of Nebraska. Insurance products and services are offered through Fit Wealth Insurance, LLC, an affiliated company. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital.
