Common question I hear is “should I set up a traditional 401(k) for my business? Business owners who are considering a retirement plan for their business have many options. While a traditional 401(k) is a well-known choice for business owners, there are many cases where…
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Oftentimes, I have many clients come to me and ask, “Can I make a deductible Traditional IRA contribution?” Since this is a common question, I decided to tackle it in this week’s blog post. The following will provide you insights on whether you can or cannot make…
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If I were to ask you, “Which strategy is best for your financial plan?” Would you know the answer? Would you think that there is just one right answer that made sense for everybody? Oftentimes when I read financial articles on the internet, I will see the…
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I’m going to walk through a quick process that I use to help our clients understand whether or not they should contribute to a Roth 401k.   Step 1: Do you expect your future effective tax rates to be the same or higher than the current rates? If the answer is…
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There is a belief that we should know exactly how to plan out our finances for the future. We should know exactly what it’s going to take to be able to pay for the lifestyle that we want in retirement. A retirement that now likely lasts into our…
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A question that often comes up is, can I contribute to a Roth IRA? I am going to walk you through the steps of whether or not you qualify.   First of all, do you have an earned income?   If you don’t have an earned income you cannot make a Roth IRA contribution.   If you do have earned income,…
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Begin with the end in mind  -Stephen Covey  One of the most important things that you can do to help you realize your financial goals is to develop a strategy to help reach those goals and then stick to that specific strategy. It is much easier to change the…
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“Change is the only constant in life” -Heraclitus “Just because it is being done this way now does not mean it always be done this way.” When you look out ahead, towards your financial future, there are a few huge expenses you must plan for. For a large portion of people,…
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“An investment in knowledge pays the best interest.” – Benjamin Franklin “The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher “The individual investor should act consistently as an investor and not as a…
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