Archive - April 2016

1
Traditional or Roth IRA?
2
5 Reasons Most Will Not Be Able To Retire Early
3
What Financial Skills Matter in Planning vs. Investing?
4
Ten Questions With Spencer Baker
5
Don’t Forget to Make Your IRA Contribution by April 18!

Traditional or Roth IRA?

If you’re thinking on starting and contributing to an IRA, you may be wondering which IRA is right for you. Generally, an individual has two IRAs to choose from – the traditional IRA and Roth IRA. This post provides some guidelines and information to help you make your decision. In some cases, based on your income, the decision is already made. In all cases, to contribute to an IRA an individual must have earned income. This is generally W2 wages, Schedule C income, and even alimony received.

Let’s start with the traditional IRA. For 2016, the maximum annual contribution amounts …

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5 Reasons Most Will Not Be Able To Retire Early

Many people seek financial planning advice to get a better handle on their over all financial situation and to better understand what they need to do to better meet their future goals.

A very common goal is to “retire early” and lead the, good life! Normal retirement age, is defined by Social Security, for those born after 1960, would be …

The post 5 Reasons Most Will Not Be Able To Retire Early appeared first on Chamberlain Financial Planning & Wealth Management.…

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What Financial Skills Matter in Planning vs. Investing?

Taylor interviewed Chad and Perry About Professional Skills.

Taylor Payne, CPA/PFS, CFP®, asks Chad Sander, CFP®, Director of Investments, and Perry Moore, CBEC™, CFP®, MBA, Director of Wealth Planning, important questions on why Skills Matter to your financial life planning and living your best life.

What does the investment department do and what skills are required?

Chad: Our investment team members are credentialed professionals. Bethany is a CFA® charter holder, Taylor and I (Chad) are CFP® certificants, and Kyle is a CIMA® professional.  All three of these designations show a commitment to achieving the highest standards in …

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Ten Questions With Spencer Baker

Spencer Baker

Spencer Baker, Founder of Great Life, Tampa Bay

A couple of weeks ago, I asked the Military In Transition Facebook Group whether it would be worthwhile to read articles based upon other peoples’ experiences.  It seemed that the overwhelming response was in line with my thinking.  After talking with a lot of people about their retirement story, I realized that each conversation gave me a little bit of perspective about my own story.  This inspired me to start an article series to share the stories of some of the people I’ve talked with.  I hope that reading these stories puts …

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Don’t Forget to Make Your IRA Contribution by April 18!

When filling out your tax return, it’s allowable to deduct the amount of your regular IRA contribution when filing even though you may not have already made the contribution.

You’re allowed to make an IRA contribution for tax year 2015 up to the original filing deadline of your tax return. This year, that date is April 18, 2016.

The problem is that sometimes we file the tax return way early in the year, and then we forget about the IRA contribution. As of the posting of this article, you have 1 week to make your contribution to your IRA to …

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