Early withdrawals from a Roth IRA may trigger a 10% IRS penalty tax if made before age 59 ½ or within 5 years of account opening, emphasizing the need to consider individual circumstances and potential penalties.
Discover the tax benefits of a Roth 401(k) with this hypothetical scenario, showcasing tax breaks during your working years and tax-free distributions in retirement.
Discover how to balance time, money, and health effectively with insights from Naval Ravikant and financial advisor Mark Leibman, and optimize your life as a young high earner.
Explore strategies like Roth accounts and annuities to hedge against future tax rates, ensuring tax diversification and securing your financial future.
In a world of record-low interest rates and a $128 trillion global bond market, understanding implications is crucial.
Be cautious of generic financial advice; what works for others may not align with your unique goals and circumstances, emphasizing the importance of personalized financial planning.
We see our client relationships as lifelong partnerships, guiding them through life’s changes with personalized financial planning, ensuring adjustments are made as needed for optimal outcomes.
Savings vehicles are tools for financial advisors; ensure yours employs diverse strategies, from retirement plan analysis to tax-efficient investments, for comprehensive planning.
Understand the risks of irrevocable distribution decisions and creditor status in deferred compensation plans, considering the T.A.G. test—Tax Efficient, Access, Growth Opportunity.
Stick to financial fundamentals: diversify investments, maintain an emergency fund, prioritize estate planning, transfer major risks with insurance, and save for growth.
Beware the wealth-sapping influence of behavior and seek guidance from a financial planner aligned with your goals, adjusting your portfolio only when necessary.
Understanding financial advice costs involves two paths—advisory and brokerage.
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Securities are offered through LPL Financial, Member FINRA/SIPC. Know My Plan is an other business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance, LLC, a registered investment adviser.
Independent Advisor Alliance, LLC is a separate entity from LPL Financial. The LPL Financial representatives associated with this page may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted by residents of any other state.
