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Maestro Wealtlh Advisors

Roth vs. Traditional IRA

By |2020-10-08T15:31:41-04:00October 30, 2020|Financial Planning, IRA, Retirement Planning, Rollover, Roth Conversion|

To answer the question of Roth vs. Traditional IRA, they chose to “bite the tax bullet” now and enjoy tax-free withdrawals.  It's the same for retirees who converted a traditional account to a Roth.  (Their heirs will also inherit the tax-free accounts.)  Let's take a look at the Roth vs. Traditional IRA.

Build Your Diversified Income Plan

By |2020-10-27T09:31:18-04:00October 16, 2020|Financial Planning, Retirement Income, Retirement Planning|

Having a strategy to generate income you can’t outlive can give you peace of mind.  To help defend your future against inflation, market ups and downs, unexpected expenses, and longevity, I encourage you to build a diversified income plan.

Impact of Covid-19 on Your Portfolio

By |2020-10-27T09:33:53-04:00August 26, 2020|Economy, Financial Planning, Personal Finance, Retirement Planning|

It’s probably safe to say most investors are very aware of the recent downturn in financial markets.  In addition, you probably want to understand the impact of Covid-19 on your portfolio.  To be perfectly honest, I’d love to give you a specific, realistic, and quantifiable answer. 

Paying Taxes From Another Source

By |2020-10-27T09:38:29-04:00June 26, 2020|Retirement Planning, Roth Conversion, Taxes|

Be careful before diving headfirst into a Roth conversion. Evaluate your income for the year and determine how much wiggle room you have before potentially pushing into the next tax bracket. Remember that Roth conversions can impact financial aid, IRMAA surcharges and other items based on income.

Roth IRA & Roth 401k – The Basics

By |2020-10-27T09:41:11-04:00February 7, 2020|401K, IRA, Retirement Planning|

Despite the ubiquity of Roth accounts, there are some common misunderstandings about how Roth IRAs and Roth 401(k)s operate and interact with each other. Confusion swirls around such basic concepts as contribution limits, eligibility and Roth rollovers.

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