Death and Taxes – The Tax Trap For Successful Retirees

Tax Trap. If you are/were successful in your career and saved enough to retire, congratulations!  The Internal Revenue Service (IRS) would also like to thank you.   If you knew the tax trap existed, you might not have known its full extent. 

The Ultimate Guide to Setting Up a Roth IRA for Your Kids

Welcome to “The Ultimate Guide to Setting Up a Roth IRA for Your Kids”! In this informative video, we will walk you through the step-by-step process of establishing a Roth IRA specifically tailored for your children. Investing in a Roth IRA for your kids can provide them with a head start on their financial journey and pave the way for a secure and prosperous future.

5 Reasons to Consider a Roth IRA

By now, most of us have heard about Roth IRAs and hopefully know a few pertinent details, but here’s a refresher for those of you who need it. Whereas traditional IRAs are tax deferred, with a Roth you pay all taxes up front (your contributions are made with after-tax dollars) but you get tax-free withdrawals in retirement (after the age of 59½).

Roth IRA For My Children, Too Good To Be True

If you haven’t heard of a Roth IRA by now, you must be living under a rock.  Let’s discuss a new twist to investing in Roth IRA.  Knowing what you know now, do you wish that you had the ability to invest in a Roth IRA when you were younger?  Getting a Roth IRA started for your children or grandchildren is a wonderful way to set them up for financial success in the future. The only problem is that children need earned income to make a contribution.  While it’s important to consult with a financial advisor for personalized advice, here are a few creative ideas to consider: