Your Financial Plan
[Video] Roth Conversions: What Are They & How Do They Work?
STEPHEN SMALENBERGER, EA We want to introduce a design element that we like to use in financial plans, when it makes sense. And this strategy is known as the Roth Conversion. Money may be put into a Roth IRA in two forms: Contribution(s) Conversion(s) As explained in prior articles and videos, the Roth IRA contributions…
Traditional IRA/401(k) & Roth IRA/401(k) Which is best? [Video]
How do you decide between a Traditional IRA/401(k) & Roth IRA/401(k)? In a prior video we talked about the three different types of account registrations to decide between when saving: Taxable, Tax-Deferred, and Tax-Free. Let’s focus on tax deferred and tax free. Both of those are retirement focused so let’s walk through how much you…
Caution: Speed Bumps Ahead
MICHELLE SMALENBERGER, CFP® Fasten your seatbelts for bumps ahead! Let’s review some of the main stories driving market activity this week. CORPORATE EARNINGS: Companies have reported strong earnings which have continued to push up stock prices. Large gains from companies like Boeing, Ford, Verizon, and AT&T, among many others have reaffirmed confidence in their stock….
[Video] How Tax-Free Accounts Work
STEPHEN SMALENBERGER, EA There are only three types of accounts: Taxable Tax-Deferred Tax-Free We focused on the first two types already. Let’s focus on the last, Tax-Free. The accounts in this registration category include the following: Roth IRA Roth 401(k) Roth 403(b) Roth 457 Roth Thrift Savings Plan (TSP) The word Roth is really important…
[Video] One Size Fits All
MICHELLE SMALENBERGER CFP® How many things can you think of that are one size fits all? There really aren’t too many. This is true when you’re making financial choices too. I want to talk through a couple of examples of topics that are common questions we get a lot. First let’ talk through saving for…
[Video] What Is A Diversified Portfolio?
MICHELLE SMALENBERGER CFP® In many of our Friday Financial Updates, I keep referring to keeping a diversified portfolio strategy, even in light of what’s happening in the markets. So today I want to take some time to really dig in to what that means. What is involved in creating a portfolio, and why being diversified…
