Financial Planning
“The road to personal financial security is paved with discipline and a plan.”
Wealth and personal financial security are easier to achieve the sooner we begin, due to the miracle of compounding. Investing just $50 per week with an average of 10% growth starting at age 18, will grow to $2,746,093. If you wait until age 19 to start, it will grow to $2,493,848. The bad news is “waiting one year will cost you over a quarter of a million dollars.” The good news is “now is always the best time to start investing.”
Retirement plans are excellent ways to accumulate wealth. A regular retirement plan allows you to deduct contributions made to it and you are taxed on what you take it from it. A Roth IRA allows no deduction for contributions, but the withdrawals are completely tax-free.
Should you refinance your mortgage?
Should you buy or lease your car?
Would you like tax-free income?
Are you qualifiying for enough Social Security and Medicare benefits?
With our many years of experience, we can help you answer these and many other questions. Contact us.
