What is the difference between a Traditional vs Roth IRA?

By Sunwook Jin, CFP®, CRPC®, CMFC® Opening or using an Individual Retirement Account (IRA) could be one of the most effective moves you’ll ever make in your retirement planning.  IRAs offer you the total versatility to invest in virtually any type of investment you desire, well beyond the Mutual Funds and Exchange Traded Funds (ETF)… Read More

Portfolio and Portfolio Management- What does it all mean?

By Helen Hartman, CRPC® Through my many years in the Financial Industry, I have learned there are “language barriers” with prospects and/or clients at times. Financial Advisors (Financial Planners, Investment Advisors, etc) utilize common terms within their profession that not everyone is familiar. However, clarification of terms is key to communicating with your financial professional.… Read More

What is a SEP IRA?

As Director of Retirement Plan Services, this is a question I hear frequently. A Simplified Employee Pension plan (SEP) is an easy, low-cost option for small business owners to provide retirement benefits for employees (including themselves). This retirement plan option allows for an employer to contribute directly to an individual retirement account for all employees.… Read More

The Many Benefits of a Roth IRA

Why do so many people choose it rather than a traditional IRA? The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning strategies. The key argument for going Roth can be summed up in a sentence: Paying taxes on retirement contributions today is better… Read More

When Is Social Security Income Taxable?

The answer depends on your income. Your Social Security income could be taxed. That may seem unfair, or unfathomable. Regardless of how you feel about it, it is a possibility. Seniors have had to contend with this possibility since 1984. Social Security benefits became taxable above certain yearly income thresholds in that year. Frustratingly for… Read More