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Wealth Planning Wealth & Lifestyle Grow

Nearing Retirement? Take Another Look at Roth Conversions

Due to lower tax rates and the recently passed SECURE Act, those nearing retirement should consider a Roth Conversion.

For those nearing retirement, taking the right planning steps is even more important given the narrowing time frame to retirement. This current year brings forth planning opportunities which can help you achieve your retirement goals that may not be available next year since there may be an increase in the income tax rates,..

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Wealth Planning Wealth & Lifestyle Grow

Waiver of RMDs for 2020 Creates Roth Conversion Opportunity

In response to the COVID-19 pandemic, the CARES Act was signed into law March of this year. One of the Act’s major provisions was the suspension of Required Minimum Distributions (RMDs) for the 2020 tax year from certain retirement accounts – specifically, defined contribution plans and IRAs. This suspension allows IRA owners to avoid taking RMDs this year to help IRAs (or other retirement accounts) recover values lost due to the adverse..

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Wealth Planning Wealth & Lifestyle Grow

What Is Wealth Planning?

Planning to invest, or investing your plan?

Many people use the terms wealth management and investment management interchangeably. This undoubtedly creates confusion and leads to uncertainty as to what your financial “advisor” does for you. Do they manage wealth or do they manage investments? Do they plan how you invest or do they invest to your plan? Both are important, right? Many will say that investments are where the action is –..

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Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by First Foundation Advisors), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from First Foundation Advisors. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. First Foundation Advisors is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the First Foundation Advisors’ current written disclosure statement discussing our advisory services and fees is available for review upon request. Please Note: First Foundation Advisors does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to First Foundation Advisors’ web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

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