In today’s world, it is vital to have a plan for your financial future, and IRA planning should play a key component in this plan.
If you’re getting close to retirement, get personalized advice from experts in IRA consulting to make the most of your financial investments.
With tax rates increasing every year, it’s important to make sure that your retirement account is in top shape, and that when the time comes, you pay as little tax as legally possible. This is where we come in.
Interactive Wealth Advisors is a fee-only financial planner in Oregon, and our IRA retirement planning service will help you navigate the financial challenges of today’s dynamic retirement planning process.
Estimate how much you need to save to retire early based on 4% annual withdrawal rate and your current annual expenses. While the calculator offers insights for a preliminary assessment, remember that the complexities of tax planning and wealth management require expertise.
Reach out to our seasoned tax planners and wealth advisors to ensure accurate and comprehensive planning tailored to your unique financial situation. Start your journey on the path to financial freedom today.
Working together, we can help you with:
Many people use IRAs to save for retirement, but an IRA financial advisor knows how they can also be used to save for other goals. As retirement planning experts in Oregon, we can work with you on your Roth IRA planning, or help you determine which type of IRA is right for your unique needs.
IRA financial planning involves selecting an account designed to maximize your tax benefit. With IRA estate tax planning, you can choose from:
A Traditional IRA permits deductible contributions along with deferred taxation. Once you retire, withdrawals are taxed at that year’s ordinary income tax rate. Moreover, upon reaching the age of retirement, the law mandates withdrawals, referred to as the required minimum distribution.
Roth IRAs differ as contributions are tax-deductible in the year they are made, allowing for tax-free withdrawals upon retirement, which also applies to investment gains. Unlike Traditional IRAs, Roth IRAs have no required minimum distributions, offering the flexibility to retain funds in your account if they are not needed.
SEP IRAs provide a tax-deductible advantage for companies making contributions on behalf of their employees, although individuals cannot contribute independently. Withdrawals are taxed as income. This account type is particularly beneficial for independent contractors, freelancers, and small business owners, enabling them to leverage the deferred tax structure.
Like Traditional IRAs, SIMPLE IRAs allow for individual and employer contributions, with all contributions being tax-deductible. This type of account presents a collaborative savings avenue where employees and employers can contribute to building a retirement nest egg.
You can opt for a Traditional or a Roth IRA as an individual taxpayer. It’s also possible to open both accounts with multiple institutions. However, total annual contributions are capped. Your IRA financial advisor will walk you through the setup process. They will also help you navigate deduction limits if you or your spouse have an existing retirement plan. An IRA consultant will help small business owners and self-employed persons determine the best option.
If you have a 401k or other qualified retirement plans, you can roll over the funds into an IRA to continue your investment strategy. But because this process can be fraught with pitfalls, you need experts like Interactive Wealth Investors to talk you through the process every step of the way.
If you want to make the most of your Social Security benefits, you are on the right page. We can help you explore options for tax-qualified accounts and make suggestions on social security retirement planning that will help you to save for the future.
At Interactive Wealth Advisors, we take pride in helping individuals and families make IRA estate planning decisions that are 100% in their best interest.
Get in touch to request more information.
With the current climate in the financial markets, it’s critical to pay attention to your retirement accounts. The best way to make sure you’re getting the most out of your retirement accounts is to use some common sense.
Here are some simple tips that can be used across all types of IRA accounts.
IRA financial, estate & tax planning is a valuable tool for anyone looking to take control of their finances and make smarter decisions about managing their money.
If you’re looking for a financial advisor for estate planning, then you’ve come to the right place too. We are known for:
We are proud to be a trusted resource for our clients IRA financial planning needs in Oregon. We have a reputation for providing exceptional customer service, and we are committed to providing clients with the best results possible.
Our company’s expertise extends across many areas of personal finance including retirement plan consulting, estate planning, life insurance, investments, and more. Our team of experts has decades of experience helping clients improve their finances.
Whether you’re looking for help with your retirement savings, want help managing your current portfolio or are interested in inherited IRA financial planning, we can provide expert advice tailored to suit your unique circumstances.
Get in touch today. Let us discuss your unique needs and craft a plan that works for you. Interactive Wealth Advisors can also provide you with an experienced Portland tax advisor to help you optimize your tax situation.