Employers can offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you're lucky enough to work for an employer who offers this option, Roth contributions could play an important role in maximizing your retirement income. What is a Roth 401(k)? A Roth 401(k) is … [Read more...]
Windward Tax Bulletin: The Roth 401(k)
Windward Passages: This Is Not A Financial Plan!
Do you have a financial plan? What is a financial plan? We can tell you what is not a financial plan… A plan is not a: a portfolio an asset allocation a personal financial statement a budget a savings account an employer retirement plan If you are accumulating money for a … [Read more...]
Windward Passages: Six Ideas From A World-Famous Investor
One of our favorite investors is Benjamin Graham (1894-1976). Ben was a Columbia University professor and lifelong friend, and teacher of Warren Buffett. After college, Warren worked for two years at Ben Graham’s firm, Graham-Newman. Warren’s son is even named “Howard Graham Buffett.” Ben is … [Read more...]
Too Good To Be True Tax Planning
Author: Darrell R. Tierney CFP® CPA PFS Let’s talk about one of the best Federal income tax benefits available. Most tax benefits are symmetrical. If your account contributions are deductible (i.e. a traditional IRA), your account distributions are taxable. Similarly, if your contributions are … [Read more...]
Mutual Funds vs. ETFs: What’s the difference?
Mutual Funds and ETFs are very similar in some regards, and different in others. The purpose of this article is not to discuss the technical nuisances that distinguish the two investment vehicles. That topic would likely bore you to tears and is not very useful for most individual investors! … [Read more...]