Mike Piershale on “Mike in a Minute:” Mid-year tax planning tips

If you’ve been following our “Mike in a Minute” series, you know that Mike Piershale, President of Piershale Financial Group, is answering common personal finance questions in 60 seconds of less.

Today, he’ll offer insight into an important topic everyone should be educated on: tax planning strategies for individuals that guarantee tax savings before April 2014.

In this segment, Mike recommends individuals place all unused income into a retirement plan instead of bank accounts. He specifically mentions the significant tax advantages in contributing to a 401(k) plan and explains how building this fund teaches financial responsibility.


Tune in next week for more “Mike in a Minute!”