Roth IRA

Why Are You Contributing to A Retirement Plan?

Why Are You Contributing to A Retirement Plan?

Your retirement plan has many benefits. Your CPA's favorite is likely the tax break you get when you invest in your traditional IRA or your 401k at work. Are you contributing simply for the immediate sugar rush of a tax break? Are you contributing because you want to...

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If You Had a Million Dollar Idea, Could You Fund It?

If You Had a Million Dollar Idea, Could You Fund It?

Where do you go when you need to access money? I think it is paramount in any great financial plan that you proactively think about “access.” But, I need cash now! This concept applies to a million-dollar business idea, as well as everyday life. When you need to...

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The Complexity Curve

The Complexity Curve

It is never too early to begin meeting with a financial professional. It is a misnomer that you have to have a lot of money to meet with one. Often people regret not starting the process sooner.  So start where you are now and begin the process. It is easy on the...

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Start With the End in Mind 2.0

Start With the End in Mind 2.0

When planning for retirement, it is most important to start with the end in mind. The end of this life is death.  At death, the most efficient assets to own currently, are life insurance and Roth accounts. Efficiency matters Why Roth accounts and life insurance?...

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A Roth 401k is NOT a Roth IRA … A Practical Example

Let’s consider that you are contributing to your companies Roth 401k and you do so for a number of years. Eventually, you decide to retire at age 62. You decide to open a Roth IRA and facilitate a rollover from your Roth 401k. You now want to take funds out of your...

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Please Read Your 401(k) Announcements

Please Read Your 401(k) Announcements

In the past several weeks, I have worked with individuals who have had MAJOR announcements regarding their employer retirement plans. Adding Roth 401k contribution option Removing After-Tax 401k contribution option Removing employer match Changing vesting schedules...

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When to Use 72T Distributions

When to Use 72T Distributions

72T distributions are used to distribute funds from an IRA before you have turned 59 ½ to avoid the 10% early withdrawal rule. These distributions must be done in a very methodical and precise way. You must understand that there are 3 separate calculations that are...

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The 54-Month Planning Window

The 54-Month Planning Window

Financial planning can take on new obstacles and opportunities for those looking to retire younger. 401k's and IRA's have different rules for taking penalty-free withdrawals. The common rule is that you must obtain age 59 ½ to avoid the 10% early withdrawal penalty of...

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graphic 10 actions to take

10 Actions To Take 10 Years Before Retirement

In this paper we discuss 10 actions you should take to develop and deploy a successful long-term wealth plan. It will help you make decisions about your financial journey today and well into your retirement chapter.

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