Reduce your retirement tax burden through strategic asset location, balancing taxable, tax-deferred, and tax-free accounts, while considering the complexities and pitfalls of each.
Adding your core values into your one-page financial plan.
Financial planning can be overwhelming without guidance; with a knowledgeable and accountable financial planner, you gain support to navigate complexities and make informed decisions.
In a sea of conflicting advice, clarity comes from crafting an investment strategy aligned with your goals, rooted in understanding each investment’s purpose.
Recent weeks saw significant shifts in employer retirement plans, like adding Roth 401k options or changing vesting schedules, highlighting the need for regular benefits reviews.
As our parents age, it’s crucial for us to understand their financial situation, covering key topics from property to legacy planning, to ensure clarity and preparedness for the future
401k’s and IRA’s have different rules for penalty-free withdrawals: while age 59 ½ is commonly known, the age 55 rule allows penalty-free 401k withdrawals upon separation from employment, emphasizing the importance of understanding retirement account nuances for early planning.
Fine-tuning your financial plan, like tuning a guitar, is crucial for long-term success, adapting to changing tax laws, contributions, and evolving goals with flexibility.
Choosing between placing lottery winnings in an S&P 500 Index Fund or a 10-year treasury bond poses a dilemma: guaranteed returns versus potential dividends from a diversified portfolio.
Achieving financial independence in 10 years requires balancing conservative and aggressive approaches, calculating the required rate of return, and considering risk tolerance, highlighting the dynamic nature of financial planning.
Clients start with a strong financial plan rated “A,” but my goal is to elevate it to “A+,” adjusting for changing variables like tax laws and personal circumstances, recognizing plans become outdated upon creation.
After establishing the target “nest egg” of $3.8 million, the next step is to calculate the annual savings needed, such as $77,000 per year over 20 years, accounting for tax implications, especially with various account types.
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We serve clients in our Charlotte, North Carolina office and virtually throughout the country.
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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.