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Here are the key money moves you must makeonce you reach the upper class.
They can then help on the second step looking at your retirement accounts.
If you have a health savings account (HSA), are you contributing to the maximum as well?
These are a few accounts to consider.
Most people need a will, durable power of attorney for healthcare and an advanced medical directive.
You may or may not also need a trust for your assets, she explained.
Additionally, review all your financial accounts to determine you have the proper beneficiaries listed with updated contact information.
Avoid high income paying investments in a taxable account if you are in a high tax bracket.
For example, a large increase in income may mean increased spending but not increased saving.
This would include ways that you could draw from investment accounts for atax-efficient withdrawal strategy.
It is also good to look at education and personal growth.
This can help you keep your income stream by continuing to learn or build your networks.
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