Sorry! IRS says IRA contribution limits will NOT go up for 2020. They stay at $6,000 total for your Traditional or Roth IRAs ($7,000 if age 50 or over). Financial Tip: If you’re eligible to contribute, make sure you do so. Those annual contributions can add up to big amounts over a lifetime.

Got A Job? Why Your High School Student Should Save Using A Roth
I met recently with the parent of a high school student who was thinking about ways her daughter could save for the future without jeopardizing any potential college financial aid. That’s a concern other parents may have as well. If your high school student works and earns money from a job, a Roth IRA is […]

#1 Best Way To Help The Kids or Grandkids? Get That Roth IRA Going
During a client meeting in our office last week, we talked about how they – parents of young adult kids (in their 20s and young 30s) – could help the kids get onto a sturdier financial footing without killing their own initiative or enabling them. We’ve written about this a lot, but it’s always worth repeating […]

Building Up A Better Tax-Free Nest Egg For Retirement
Tired of taxes? Can’t blame you. But sometimes it pays to start thinking ahead about successful strategies we can discuss before year-end to save you on your future tax bill, and help you beef up retirement assets you can access totally tax-free for years to come. What we’re talking about is getting more money into a Roth IRA account for […]

Hurry! You Still Have Time To Contribute To Your IRA For 2018
The clock is ticking but you still have time to contribute to your Roth or Traditional IRA and have it count for 2018. You can check out our IRA tips from an interview we did with Yahoo Finance. A quick recap: the contribution limits for 2018 are $5,500 if you were under age 50 and $6,500 […]

Too Soon To Talk (Roth) Turkey
With tax rates headed lower for many people, this might be a good year to consider a Roth conversion. For the uninitiated, that’s when you withdraw funds from a traditional IRA, pay the tax now instead of later, and then move the funds into your Roth IRA. Once your savings are in a Roth, they’ll […]

One Last Minute Tax Tip You Should NOT Ignore
Here’s one tax tip that will never lead you wrong: Fund your Roth IRA. If you are eligible to make a Roth IRA contribution for 2017 (yes, there is still time!), do NOT fail to do so. Roth IRAs have been around since 1997, and they remain one of the best deals out there. Whatever […]

The Roth IRA Turns 20!
Twenty years ago, the Roth IRA was invented. Not familiar with the Roth? This is a great type of retirement account that allows your money to grow tax-free for decades. (And how many other accounts can you say that about?) The only bad thing we can say about a Roth IRA is that some people […]

Traditional Or Roth IRA: Which Is Best?
It’s almost year-end, a time when many people are thinking about funding their IRA accounts. And let’s face it. Almost all of us should be putting aside more for retirement. But are you stumped by whether or not you can fund an IRA? And which is best, a Traditional IRA or a Roth? We recently […]

Higher 401(k), IRA Contribution Limits in 2013
You can put more money in your IRA and 401(k) accounts next year and get bigger tax deductions. Before year-end, make sure to change your payroll deduction instructions for 2013 to take advantage of the higher limits. For 2013, the IRS just announced higher contribution limits for a range of retirement plans and gifts. Traditional IRA […]
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
Have A Financial Question?
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Changes To Your IRA On The Way? Not All Of Them Are Good July 2, 2019
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Come Celebrate The Holidays With Us! December 11, 2019
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Smart Beneficiary Choices Can Save Your Heirs Thousands June 25, 2019
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Come Celebrate The Holidays With Us! December 11, 2019
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It’s Official! Adam Financial Joins Mercer Advisors December 10, 2019
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Top Reasons For Working Past 65 December 10, 2019
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Crystal Corporate Center .
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561-417-0001
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