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Retirement

Fund a Roth IRA For Your Child or Grandchild

Funding a Roth IRA for your child or grandchild Millions of high school and college aged children will have jobs this summer.  This presents an opportunity to establish a retirement account in their name.  It can help instill a lifelong saving habit and you can help them get started with a contribution.  As long as […]

A Tax-Free Roth Option for High-Earners

It isn’t surprising that the Retirement Savings Flavor-of-the-week is Roth IRAs.  Contributions are made with after-tax dollars with all growth and earnings withdrawn tax-free in retirement. We often preach the value of Tax Diversification at WealthPoint. This is the concept that having multiple savings vehicles (i.e. Tax-deferred 401(k)/IRAs, Roth IRAs, Taxable Brokerages) with different tax […]

2019 Brings New Limits to Retirement Accounts

In 2019, the IRS actually brings good news to the retirement savers of the world:  You can save more for retirement than in years past.  The limits for the following accounts increased: IRA, Roth IRA, 401(k), 403(b), SIMPLE IRA, and Health Savings Accounts (HSA).  Savers over 50 will still be eligible for a catch-up allowance. […]

Delaying Social Security

If you’ve spent your whole life working and paying into the Social Security system, your gut reaction might be to cash in on the benefits ASAP. As a matter of fact, more people file as soon as they’re eligible than any other time. But is that really the best move? As a reminder, you are […]

Why You Need a Personal Balance Sheet

How do you know if you’re on track to meet your financial goals if you do not know your present situation? I’m sure you’re familiar with the phrase “going from point A to point B”, but most of us will need to pack our bags before we map our course so that we are prepared […]

Planning to retire? Here’s how to think about taking withdrawals from your investment portfolio.

So, you’ve just decided to hang up your cleats and quit the working life. Congratulations. That’s a huge life changing moment for you and your family. You’ve amassed this pile of wealth and now you need to figure out how to spend it down. The skill set required to spend down your portfolio is a […]
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