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A few questions my clients have asked recently π β Should we take out a loan on our retirement home or pay it off with our investments? β Whatβs the tax impact of taking money out of an annuity? β How often should we be meeting? β If Iβm still working at 65 should I go on Medicare or stay on my employer plan? β Do I need to keep adding money to this life insurance? These are the kind of questions we answer for our clients every day. What questions can we answer for your family? . . . Disclosures: Thrivent.com/social
A few questions my clients have asked recently π β Should we take out a loan on our retirement home or pay it off with our investments? β Whatβs the tax impact of taking money out of an annuity? β How often should we be meeting? β If Iβm still working at 65 should I go on Medicare or stay on my employer plan? β Do I need to keep adding money to this life insurance? These are the kind of questions we answer for our clients every day. What questions can we answer for your family? . . . Disclosures: Thrivent.com/social
My favorite part of this business is listening to my clients' financial questions. Here are a few of my favorite recently π Should I use the cash in my brokerage account to pay off my mortgage or just invest it? Will the Veterans Administration pay for my husbandβs care? What Medicare supplemental plans do I need to look at when I turn 65? Should I rollover my IRA into my new companyβs plan? What happens at the end of our financial plan year? If you'd like a team to help you answer questions like these, reach out to me today! I would be honored to help you in any way I can. . . . Disclosures: Thrivent.com/social
My favorite part of this business is listening to my clients' financial questions. Here are a few of my favorite recently π Should I use the cash in my brokerage account to pay off my mortgage or just invest it? Will the Veterans Administration pay for my husbandβs care? What Medicare supplemental plans do I need to look at when I turn 65? Should I rollover my IRA into my new companyβs plan? What happens at the end of our financial plan year? If you'd like a team to help you answer questions like these, reach out to me today! I would be honored to help you in any way I can. . . . Disclosures: Thrivent.com/social
Tax refunds aren't bonuses. They're interest-free loans to the government.
Tax refunds aren't bonuses. They're interest-free loans to the government.
I have clients that... π Love the stock market π Donβt believe in the stock market β Want to take advantage of every strategy out there π Canβt stand to keep track of another account, property or document π° Will inherit a lot of money from their parents πΈ Are providing for their parents π΅ Have steady, predictable income π€ Are business owners or salespeople "Just buy Index Funds! Rental Properties! Dividend Stocks!" π£οΈ β³ That doesn't solve their financial problems. But Financial planning can. β People have different problems that require different solutions. β Rules of thumb & internet research can only go so far. . . . Disclosures: Thrivent .com/social
I have clients that... π Love the stock market π Donβt believe in the stock market β Want to take advantage of every strategy out there π Canβt stand to keep track of another account, property or document π° Will inherit a lot of money from their parents πΈ Are providing for their parents π΅ Have steady, predictable income π€ Are business owners or salespeople "Just buy Index Funds! Rental Properties! Dividend Stocks!" π£οΈ β³ That doesn't solve their financial problems. But Financial planning can. β People have different problems that require different solutions. β Rules of thumb & internet research can only go so far. . . . Disclosures: Thrivent .com/social
Some of my favorite client questions this week π€ β Whatβs the smartest thing to do with our inheritance? β Can we afford to do these home improvements? β How can we turn our office space into a rental? β What do we do if something happens to my business partner? β How can I make sure my special needs child is taken care of if we canβt? β Where should I store cash to get more interest? β Is there anything I can do in case (spouse) canβt work? β Whatβs the best health insurance plan to go on as small business owners? β We have term policies, should we look at permanent? β What happens at the end of the term? . . . Disclosures: Thrivent .com/social
Some of my favorite client questions this week π€ β Whatβs the smartest thing to do with our inheritance? β Can we afford to do these home improvements? β How can we turn our office space into a rental? β What do we do if something happens to my business partner? β How can I make sure my special needs child is taken care of if we canβt? β Where should I store cash to get more interest? β Is there anything I can do in case (spouse) canβt work? β Whatβs the best health insurance plan to go on as small business owners? β We have term policies, should we look at permanent? β What happens at the end of the term? . . . Disclosures: Thrivent .com/social
Some client questions I've gotten in the last week π β How can I protect my special needs trust if I need extended care? β Should I keep these life insurance policies? β Do I need to be invested in the market? β Which IRA should I take my RMD from? β I just turned 73 last year, am I late on my RMDs? β After you deliver this financial plan, what happens? β What happens to my life insurance if I leave the company? β Can you help me plan for what what happens if Iβm no longer here? β Are you a fiduciary? . . . Disclosures: Thrivent .com/social
Some client questions I've gotten in the last week π β How can I protect my special needs trust if I need extended care? β Should I keep these life insurance policies? β Do I need to be invested in the market? β Which IRA should I take my RMD from? β I just turned 73 last year, am I late on my RMDs? β After you deliver this financial plan, what happens? β What happens to my life insurance if I leave the company? β Can you help me plan for what what happens if Iβm no longer here? β Are you a fiduciary? . . . Disclosures: Thrivent .com/social
If I anticipate these in my financial futureπ π΅ Increasing income ποΈ Steady or rising tax rates π Long-term market growth I'd go all-in on Roth options for now: π° Roth IRAs πΌ Roth Employer Plans β‘οΈ Roth Conversions . . . Disclosures: Thrivent .com/social Not everyone's situation is the same. I'd love to connect and find out where you are at in your financial journey."
If I anticipate these in my financial futureπ π΅ Increasing income ποΈ Steady or rising tax rates π Long-term market growth I'd go all-in on Roth options for now: π° Roth IRAs πΌ Roth Employer Plans β‘οΈ Roth Conversions . . . Disclosures: Thrivent .com/social Not everyone's situation is the same. I'd love to connect and find out where you are at in your financial journey."
π£οΈ "I make too much to contribute to a Roth IRA" If this is you... Here are 4 ways to get money growing tax-free in Roth accounts (even if you are above the income limits for contributing directly): πͺ 1. Backdoor Roth IRAs πΌ 2. Roth 401(k) π 3. Roth Conversions π° 4. Mega-backdoor Roth . . . Disclosures: Thrivent .com/social
π£οΈ "I make too much to contribute to a Roth IRA" If this is you... Here are 4 ways to get money growing tax-free in Roth accounts (even if you are above the income limits for contributing directly): πͺ 1. Backdoor Roth IRAs πΌ 2. Roth 401(k) π 3. Roth Conversions π° 4. Mega-backdoor Roth . . . Disclosures: Thrivent .com/social
Would you tap your screen twice if it meant someone in need got a free meal? I'm donating $5 to GraceWorks for every person that likes my Facebook Page this month. Click here π https://www.facebook.com/pat.mcgarry.thrivent β Help a local nonprofit β Help a local business GraceWorks provides food, clothing, housing support, and financial assistance. Details: β $500 limit β Deadline: Feb 29th, 2024 β Liking or sharing this post doesn't count for donation, but I do appreciate it! β 53 Page Likes at the time I am posting this. Any gained will count towards donation. P.S. - I share free financial education on my page that you are welcome to check out!
Would you tap your screen twice if it meant someone in need got a free meal? I'm donating $5 to GraceWorks for every person that likes my Facebook Page this month. Click here π https://www.facebook.com/pat.mcgarry.thrivent β Help a local nonprofit β Help a local business GraceWorks provides food, clothing, housing support, and financial assistance. Details: β $500 limit β Deadline: Feb 29th, 2024 β Liking or sharing this post doesn't count for donation, but I do appreciate it! β 53 Page Likes at the time I am posting this. Any gained will count towards donation. P.S. - I share free financial education on my page that you are welcome to check out!
Some client questions that have come up recently: β Should I look into AARP? β What does all this mail mean? β Why can I only take this money out of (___ Company) over 10 years? β When will I get taxed on my Roth Conversion? β Does the Roth grow tax-free? β Should I enroll in COBRA or go on this individual health insurance plan? β What do I do about dental & vision insurance while Iβm unemployed? β Should I spend down my HSA? . . . Disclosures: Thrivent .com/social
Some client questions that have come up recently: β Should I look into AARP? β What does all this mail mean? β Why can I only take this money out of (___ Company) over 10 years? β When will I get taxed on my Roth Conversion? β Does the Roth grow tax-free? β Should I enroll in COBRA or go on this individual health insurance plan? β What do I do about dental & vision insurance while Iβm unemployed? β Should I spend down my HSA? . . . Disclosures: Thrivent .com/social