Do you know what the most important steps are that you can take today to grow your wealth? Regardless of your age or where you are in life with saving for retirement, today’s show is for you. Joe Anderson, CFP®, and Big Al Clopine, CPA give you the steps to success to grow your wealth at any age! Download the Guide to Growing Your Wealth: 0:00 - Intro 1:52 - Steps to Success 3:16 - Asset Allocation 5:15 - Account for Inflation 6:21 - Download: Grow Your Wealth Guide 7:11 - True/False: Most retirees surveyed say they saved more money than they needed in retirement 7:41 - Investing Early 8:37 - Missteps and Catch-ups 9:43 - $1 Million at Retirement 11:15 - Retirement Income and Spending 13:49 - Download: Grow Your Wealth Guide 14:25 - True/False: If I make too much money I can’t invest in a Roth account. 15:32 - Roth Income Limits and Contribution Limits 17:57 - IRA Income Limits and Contribution Limits 18:40 - Tax-Smart Strategies 20:00 - Ask the Experts: My financial planner’s company is no longer supporting Roth 401(k) accounts. I don’t want to transfer the account to another broker. Can I roll that account into one they do support without losing the benefits of the Roth? If so, what kind of an account? 21:13 - Ask the Experts: My wife doesn’t work; can I do catch-up contributions for her Roth account? 22:00 - Pure Takeaway 22:32 - Download: Grow Your Wealth Guide Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with an experienced financial professional: Office locations: Ask Joe & Big Al On Air: Subscribe to our YouTube channel: Subscribe to the Your Money, Your Wealth® podcast: IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor. • Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation. AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period....(read more)
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In the world today, financial success is something that many people desire. However, not many understand how to achieve it. Thankfully, the Your Money, Your Wealth® TV S8 | E20 has provided the necessary steps required to grow wealth at any age. Here are the steps you need to take to achieve financial success. Create a Budget The first step to financial success is creating a budget. Knowing how much your income is, and what your expenses are can help you create a realistic budget. When creating a budget, you need to ensure that there is a balance between expenses and income such that you can save some amount of money regularly. Pay off Debt Debt can significantly impede your ability to save and invest your money. Therefore, you need to make sure that you pay off your debts as soon as possible and avoid accruing more debts. Once you clear your debts, you will have more resources to direct towards saving and investing, thereby growing your wealth. Maximize Your Retirement Savings Retirement savings is a significant aspect of financial planning, and it is essential that you maximize it as much as possible. Consider participating in employer-sponsored retirement plans such as a 401(k) or 403(b), setting aside money in individual retirement accounts (IRA), or creating a separate saving plan specifically for retirement. Invest in the Stock Market Investing in the stock market is an excellent way to grow your wealth. The stock market offers a chance to diversify your portfolio and increase your returns. Whether you are starting small or investing in large-cap companies, the stock market can offer immense profits in the long run. Diversify Your Portfolio It's essential to diversify your portfolio when investing. Spreading your investments across stocks, mutual funds, real estate, and other asset categories can help protect your wealth against market volatility. It's also critical to monitor and review your portfolio regularly to ensure that it's balanced and within your risk profile. In conclusion, financial success is not something that happens overnight. It requires consistency in budgeting, paying off debts, saving, investing, and diversifying your portfolio. Follow these steps offered in the Your Money, Your Wealth® TV S8 | E20 to grow your wealth and achieve financial success at any age. https://inflationprotection.org/your-money-your-wealth-tv-s8-e20-strategies-for-achieving-financial-success-at-any-age/?feed_id=105533&_unique_id=6481843e4e87b #Inflation #Retirement #GoldIRA #Wealth #Investing #assetallocation #CertifiedFinancialPlanner #certifiedpublicaccountant #CFP #cpa #feeonly #Fiduciary #FinancialPlanning #peerfinancial #portfoliomanagement #pureadvisors #purefin #purefinacial #purefinance #purefinancial #purefinancialadvisers #purefinancialadvisors #purefinancial #retirementplanning #savingforretirement #taxstrategies #YMYW #YourMoneyYourWealth #yourmoneyyourwealth #SpousalIRA #assetallocation #CertifiedFinancialPlanner #certifiedpublicaccountant #CFP #cpa #feeonly #Fiduciary #FinancialPlanning #peerfinancial #portfoliomanagement #pureadvisors #purefin #purefinacial #purefinance #purefinancial #purefinancialadvisers #purefinancialadvisors #purefinancial #retirementplanning #savingforretirement #taxstrategies #YMYW #YourMoneyYourWealth #yourmoneyyourwealth
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