Helping pave the way towards financial freedom
Contribution limits do not go up every year. But every couple of years, we’ve come to expect gradual increases across the various types of accounts. The Internal Revenue Service has just released new limits for the coming year. For the most part, the amount of increases are linked to inflation. So perhaps it does not…
The final weeks of 2020 present a critical planning window for tax planning options—many that may disappear after December 31. In a year filled with financial and personal struggles, many investors can turn lemons into lemonade by implementing certain strategies. But, time is running out to do so. Before 2020 comes to an end, here…
In today’s tax and investment environment, a Roth IRA is a great account to consider. Once in a Roth, funds grow tax-free, withdrawals are tax-free, and there are no required minimum distributions to take. I’m always looking for ways to get people to fund a Roth IRA. So if you like the idea of a…
We’re going through some tough (and interesting!) times these days. Even if you fear the sky is falling, it’s important to be able to see things optimistically. I like to look through the noise for opportunities. Which led me to this idea – the current environment is ripe for Roth IRA conversions. Before I get…
In no particular order, here’s a few interesting things I heard and read recently that I wanted to share: 5 ways to get best car loan deal, especially as interest rates rise (USA Today, by Susan Tompor) I remember being 23 years old and negotiating my first car purchase: I didn’t really know what I was…
In no particular order, here’s a few interesting things I heard and read recently that I wanted to share: Is Your Aging Parent Trusting The Wrong Financial Advisor? (Forbes, by Carolyn Rosenblatt) As part of my continuing education in the financial industry, we are often educated on the topic of elder abuse. In other words, advisors…
In no particular order, here’s a few interesting things I heard and read recently that I wanted to share. Roth vs. Traditional 401(k): Study Finds a Clear Winner (Demetria Gallegos, Wall Street Journal) I am a big fan of the ROTH and help people find ways to be able to add money to it. Whether it’s…