Wealth Wednesday

During the last weekend of October, Michael Seese, Todd Kimpel, Daniel Spurgeon, Shanell Jeffrey, Nikki Lude, Ciara Smith and Neal Watson attended Charles Schwab's annual conference. In addition to educational sessions designed to deepen their knowledge, they also heard from Charles Schwab's executive leadership and investment experts. There were also networking opportunities and motivational messages from some big names. Today we share our experience.

When asked about his success as a hockey player, Wayne Gretzky is famous for saying, "I skate to where the puck is going, not where it has been." There have been some significant changes in the bond market. Interest rates and bond yields have increased significantly, and this has dictated a change to our approach in how we position the bond allocation of your portfolios.

From treating some employer contributions as Roth contributions to the potential secondary tax impacts, there are some less common ways Roth-type accounts can benefit you. Today is part 3 of our series on the incredible Roth IRA, we discuss some of those less common ideas

Our world has become dominated by technology. It is hard to imagine doing much of anything without a computer, tablet or smartphone. By and large, it has made things easier for all of us, but it has also created some additional risks. October is Cybersecurity Awareness Month, and we have a special guest today to talk about how you can protect yourself.

Join us for a live stream. We will review the investment markets for the first three quarters of the year. We will talk about some big changes in our model portfolios and what concerns us for the remainder of this year and into next.

There are big problems with the financial side of Social Security. Without legislative action, projections show that in 2033, people receiving Social Security benefits would face a 23% reduction in their annual payments. For most retirees that would be a tough pill to swallow. Today, we illustrate the potential impact it could have on your income and your savings.

Today we dig into another aspect of Roth IRA’s – the multi-generational impact. Not only can the Roth improve your outcomes, it can be a significant tool for wealth transfer. In this episode, we show you the impact this can have…Spoiler alert, it CAN be significant.

In 1996, the federal government bestowed one of the biggest gifts to retirement savers. It is called the Roth IRA. Put money in on an after-tax basis, and the reward—when done correctly—not paying taxes on any of the earnings. Since then, we’ve seen the Roth expanded to 401k’s and other employer retirement plans. Today we illustrate the incredible power of Roth Accounts.

Today it is Part 3 of our series taxes in retirement. In this episode we look at the planning opportunity our couple, Bill and Janet have to impact both themselves and their daughter. We dig into the potential impact of Roth IRA conversions.