Roth IRAs are one of the best ways to minimize taxes However many people earn too much to qualify for a Roth IRA single filers who make more than K and married couples who make more than k In this video Peter with Richon Planning and Erin Kennedy talk through an alternative for those high earners known as the Rich Person's Roth However it's not a retirement account it's a cash value life insurance policy which also offers tax free growth and tax free withdrawals Cash value life insurance can be a great strategy for certain investors However it's certainly [... more]

Robby is back again this week with Tom Griffith for a brand new episode This week's discussion is which beneficiary are you Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com Find us on YouTube Cardinal Advisors [... more]

Hans and Robby are back again this week with a brand new episode This week they discuss getting money out of a Roth IRA Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com Find us on YouTube Cardinal Advisors [... more]

What rsquo s the best investment option for you mdash a traditional IRA or a Roth On Faith amp Finance Live we get that question a lot as folks try to decide which type of retirement account will put them ahead in the long run So be sure to tune in today as host Rob West welcomes Mark Biller to help us take a fresh look at these two options Then they rsquo ll tackle your questions about investing nbsp See omnystudio com listener for privacy information [... more]

The end of the year is a great time to start thinking about your taxes for the upcoming year That's why Peter with Richon Planning and Erin Kennedy are sharing tax saving tips you can do now to help you get on track for Max Out Your Roth IRA Tax Loss Harvesting Consider Your Tax Filing Status Seek Tax Efficient Investments If you have any questions about Roth Conversions or if you'd like to talk through specific tax efficient investments including Health Savings Accounts s or Qualified Charitable Distributions please reach out to Peter by calling - or visit www [... more]

We talk a lot about the benefits of Roth accounts A Roth IRA allows you to save for retirement with after-tax dollars That means you pay taxes on your contributions now but your withdrawals are tax free in retirement There are also several benefits to inheriting a Roth IRA as Peter with Richon Planning explains to Erin Kennedy the distributions are tax-free and they won't affect your taxable income However with a few exceptions you'll still have to drain the inherited account within years If you are inheriting a Roth IRA here's a quick action plan Understand your beneficiary type [... more]

k s are generally the most accessible and easiest way to save for retirement but should you really be maxing out your contributions every year In this video Peter with Richon Planning and Erin Kennedy break down the pros and cons of stashing a lot of money in a pre-tax account and Peter explains when you should consider investing in other accounts as well If you'd like to sit down with Peter to determine where you should be putting your money to ensure a happy and tax-efficient retirement please feel free to give him a call at - or schedule [... more]

Roth IRAs are one of the most powerful tools you can use to become extremely wealthy But as Peter with Richon Planning explains to Erin Kennedy there are many misconceptions about them including -Myth You can't touch any money in a Roth until your years old -Myth Roth IRAs are only for Retirement -Myth You can't contribute to a Roth if you make too much money There are many reasons to consider investing in a Roth account or even converting your traditional IRA to a Roth If you would like to learn more about the tax-free earnings growth of a [... more]

Hans and Robby are back again this week with a brand new episode This week Hans and Robby have a discussion about RMD Aggregation Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com Find us on YouTube Cardinal Advisors [... more]

What should you do if your faith is weak and you're struggling in your walk with Jesus He actually answered that question on the night before His crucifixion Chris Brooks shares the encouragement Christ promised to his disciples and to us Learn to enjoy the person and work of the Holy Spirit who empowers us to live in victory See omnystudio com listener for privacy information [... more]

As Christians living in a materialistic society we must remember to celebrate Christmas for the right reason the birth of our Savior On today's MoneyWise Live Rob West will welcome Howard Dayton to talk about how we can focus on the true meaning of Christmas Then Rob will answer some calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

There are some IRAs that allow you to take out money tax-free while others make you pay taxes when you make withdrawals Hans goes over why you should consider looking into the tax-free IRAs and how they could help your family Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com [... more]

Hans goes over what qualifies as qualified money as well as explains the advantages of this Then he tells Robby the story of a client he had any how he used his IRA in order to leave the legacy he wanted Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com [... more]

The SECURE Act was recently passed making big changes to your IRAs and ks Hans talks about what was changed how this will affect you and what you need to do Important note The SECURE act really does not have any affect on your Roth IRAs If you have more questions about all of this please reach out to us we would be happy to go through everything with you Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans [... more]

Butt Dust We know it sounds weird but as always Robby explains not only how this is relevant to scripture but how it is relevant to money specifically IRAs Hans talks about everything he learned at his tax conference recently that focused on how to maximize your use of IRAs especially traditional vs Roth IRAs Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide [... more]

In Matthew Jesus says For verily I say unto you till heaven and earth pass one jot or one tittle shall in no wise pass from the law till all be fulfilled In other words God's law won't change in the slightest until the end of days Similarly the jots and tittles that name IRA beneficiaries are the letter of the law and will supersede your Will and financial intentions Recently at a conference hosted by Ed Slott Tom said he learned that a court will uphold your IRA's listed beneficiaries over the those listed on your will It can [... more]

In Matthew Jesus gives His sermon on the mount and asks His followers not to worry as their faith will replace their fear Social Security strikes fear in many people especially regarding how long it will be around This week Hans and Robby discuss how to apply faith or in this case fact to Social Security in order to alleviate fears and maximize your benefit The Social Security Trustees Report was recently released While this report is very long Hans summarizes it basically saying that the Social Security fund was increased by millions of dollars this year they did not [... more]