Roth Conversions: Benefits and Timing
A more sophisticated approach to Roth conversions is worth considering when trying to lower your future taxes and increasing your net worth in retirement.
ESG Investing Decisions
Environmental, social and governance (ESG) investing is growing in popularity among investors and financial advisors. With this increased popularity comes a growing list of funds and specialized strategies to use in an asset allocation plan. One reason more people are shifting money towards ESG investments is greater research by academic and investment institutions showing potential risk and performance benefits by businesses who implement ESG policies.
Retirement Income Replacement Plan
Covid-19 has created multiple challenges for how we live, work and invest. For those close to or in retirement the pandemic has impacted their emotions around money, lifestyle expectations, and how much to withdraw from their accounts. Through the ups and downs of different types of investments it is best to focus on what you can control and follow these general withdrawal strategies during retirement.
Financial Advisor Crossville Tennessee
I moved my family and financial planning practice, Peterson Wealth Advisory, to Crossville, TN in 2013. This was going to be a great opportunity to share the difference a comprehensive financial planning advisor can make towards meeting client financial and retirement goals. Individuals, families and businesses in Crossville, Fairfield Glade and the Upper Cumberland region would now be able to work with a fee-only, fiduciary, Registered Investment Advisor firm with an advisor who holds the Certified Financial Planner™ certification.
Roth 401(k) vs. Traditional 401(k)
It can be tough to pass up a tax break by choosing Roth 401(k) contributions over traditional deferrals, but you need to think ahead when saving for retirement. Paying taxes now might help you save thousands – or even tens of thousands – in net taxes. That is additional money that can come in handy in retirement.