Mike Valenti, CPA, CFP®, Director of Tax Planning Qualified retirement plans – such as 401(k)s, 403(b)s and IRAs – offer clear tax advantages. Traditional 401(k)s, 403(b)s, and IRAs offer a tax deferral on contributions and growth until distribution. Their Roth counterparts can provide an i …
All planning – but especially tax planning – should line up with your goals. You should never do anything solely because you’re going to get a tax benefit. Rather, you should always do things that tie back to your goals, with tax benefits being an added bonus.
By Nik Aamlid Wealth Advisor, CAP® January 24, 2022 — The Roth IRA may be the market’s most powerful retirement tool. Sadly, recent studies show that only 10% of American taxpayers own Roth IRAs, per the Tax Policy Center. There are many types of IRAs and retirement plans out there …
We’re in a pretty interesting juncture in the markets. As we kick off the third year of the COVID-19 pandemic, the omicron variant is spreading across the country.
During the pandemic, my family moved into a new house. We weren’t planning on moving, but that didn’t stop us from participating in the pandemic housing boom. But we did so at a time where the kids weren’t yet out of school, so for about three weeks, we owned two homes. Instead of having to …
By Kevin Engbers It’s among the most popular resolutions that Americans face — especially this time of year. In November of 2020, Statista surveyed 542 U.S. adults and found that 30% listed “live more economically” on their list of Top New Year’s Resolutions for 2021. It ranked 5th on the l …
As a kid, Zachary Conway’s financial advisor father tried to instill good savings and charitable habits. Conway, founder and CEO of Seeds Investor, recently told the Framework podcast team about how that worked. When he got his monthly allowance, he divided it up among several containers: o …
