Index To Roth IRA Content

One of the best opportunities for investors to plan for retirement, that the government has ever offered, is the Roth IRA! The Roth IRA allows folks to fund an account that will grow tax-free for retirement. Many investors neglect to take advantage of this very special IRA in lieu of the traditional IRA. Do you believe tax rates will be higher, the same, or lower in the future? Depending on your answer, this maybe one of the most valuable opportunities you have to fund your retirement account. The difference between understanding the value of a Roth over a traditional IRA could mean the difference in more net spendable income. Get the facts about your tax!

Manufactured Perceptions

It's Your Money
It's Your Money
Manufactured Perceptions
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On this week’s “It’s Your Money”  Paul Nichols reviews Investing 101, along with the importance of funding Roth IRA accounts. When it comes to Tax Management, you never want to miss a year to fund a Roth IRA because you will never get it back! Along with the usual Market Update, Paul adds an overview […]

To Defer Taxes or Not to Defer?

It's Your Money
It's Your Money
To Defer Taxes or Not to Defer?
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Besides the usual market update and some rational academic clarity concerning countries sovereign debt and default, Paul Nichols, the investor coach, is pulling back the curtain on the concept of tax deferral like never before. The vast majority of Americans are making the wrong choice when looking at deferring taxes by utilizing traditional IRAs. With […]

Your Worst Financial Mistake

Have you ever given thought to what might have been your worst financial mistake? For many, the answer does not become apparent until hindsight arrives. Regrettably, many baby boomers and their parents admit that their worst financial mistake was doing it alone, and not working with a trained and experienced financial advisor. When I first […]

From Deb’s Desk – Insider Coaching

Hope this finds you well. It is that time of year when we are all gathering our tax papers, forms 1099’s, 1098’s, W-2’s, etc… Confusing and hectic time of year but also a good time to review, organize and educate yourselves in regards to your finances.

If what you thought was the best way to handle your finances turned out not to be, when would you want to know? And…if you knew, would you do something about it?

2011-2013 tax reporting changes: What you need to know

IRA or Roth?

It's Your Money
It's Your Money
IRA or Roth?
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This week Paul Nichol’s, the president of Financial Abundance, coaching session is about the difference between an IRA and Roth. He demonstrates this using the “seed vs. harvest” farmer model and whether you want to pay taxes on your seed or your harvest. The “Investor Coach” hits another home run this week!

Financial Abundance, Inc., a Registered Investment Advisor based in Central Pennsylvania with offices in State College and Lewisburg in Centre County.

Visit Financial Abundance’s website and send Paul a note about the show or a question that you would like to have answered under the “Ask the Coach” link.

http://www.FinancialAbundanceInc.com or 866-867-5745

Target Funds & 401(k) Plans

A number of years ago, employers began to include Target Date Funds as choices in their 401(k) plans.

The idea behind these investments, sometimes called “Lifecycle Funds,” is to help you to easily allocate your retirement plan contributions. Essentially, you would select a Target Date Fund that was “dated” close to the year you planned to retire, and, often, not include any of the other investment choices available in your company’s plan. For example, if you want to retire in 2015, you might select “Target Date Fund – 2015.” If you thought you would begin to enjoy your Golden Years in 2020, then you might choose “Target Date Fund – 2020.

IRA’s: Traditional vs. Roth

It's Your Money
It's Your Money
IRA's: Traditional vs. Roth
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This special podcast focuses on IRA’s and the different types that are available to individual investors. We are focusing on Traditional and Roth IRA’s in this week’s bonus podcast. This show is loaded with a lot of coaching and is a must listen! Let us know what you think and drop us a line if you have a subject for the Investor Coach!

Paul Nichols is the President of Financial Abundance, Inc., a registered investment advisor based in Central Pennsylvania with offices in State College and Lewisburg in Centre County.

Visit Financial Abundance’s website and send Paul Nichols a note about the show or a question that you would like to have answered under the “Ask the Coach” link.

http://www.FinancialAbundanceInc.com or give us a call at 866-867-5745

Thank you

Roth IRA

It's Your Money
It's Your Money
Roth IRA
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This week Paul has Kevin Nuber on. They discuss the pros and cons to a Roth IRA conversion.

When Should You Start to Take Social Security

It's Your Money
It's Your Money
When Should You Start to Take Social Security
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This week Paul and Luke review the Market Update, the pros and cons of qualified plans and if you should take your social security payments at age 62 or 65.

Roth 401(k)

From the desk of Paul Nichols: President of Financial Abundance Inc.

The Roth 401(k) entered the retirement community in 2006. This investing innovation was created by a provision of the Economic Growth and Tax Relief Reconciliation Act of 2001. Modeled after the Roth IRA, the Roth 401(k) gives investors the opportunity to fund their accounts with after-tax money. Investors will receive no tax deduction on contributions to a Roth 401(k), but they will owe no taxes on proceeds. Participants in 403(b) plans are also eligible to participate in a Roth plan.

Withdraw Cash From Your IRA or 401(k) Annually With No Tax Consequence

Most Americans are lured into saving for retirement with traditional qualified retirement plans, such as IRA’s and 401(k)s. They are convinced by financial advisors to contribute pre-tax dollars to 401(k) plans or place tax-deductible contributions into IRAs because of the tax advantages during the contribution and accumulation phases of their retirement planning. They seem to ignore the two most important phases – when withdraw your money for retirement income, and when you pass away and transfer any remaining funds to your heirs.

Our Mission

Our goal at Financial Abundance is to save the world one investor at a time. We want to play our part in the solution to create peace of mind for individuals, families and businesses about their investments. This can be accomplished, through education and understanding with research and studies from Nobel laureates and professors at leading universities around the country. We want to show people that they can, for the first time in their lives, have peace of mind about how they invest; that sleepless nights of doubt can be converted into confidence about their direction regardless of the current economic conditions. Regardless if you’re from Penn State or the state pen you can learn how to be a prudent and educated investor.