It’s A Good Time To Consider A Roth IRA!
Guest Post by Dennis Miller at Miller On The Money
Friend Henry M. sent an article about Roth IRAs. This is the time of the year to review things and make necessary decisions.
The article asks the right questions while stressing consulting a fiduciary advisor, with tools and encouraging readers to find one. It’s a cleverly worded referral service earning fees from advisors.
Most financial advisors earn ongoing fees for managing your money; possibly creating a conflict of interest in guiding your choices.
Moving money to a Roth IRA should always be discussed with a qualified financial advisor – who has no ulterior motive in guiding you to the right decision.
Each choice should be made independently.
Is a Roth IRA right for you? There are many tax considerations; your CPA and tax advisor would be a good place to start with your questions.
How will you fund it? Will you use cash, transfer assets from another IRA, or move money from a company-sponsored 401k account into a self-directed Roth?
Who will manage the investments? Those who had company-sponsored plans will likely find themselves responsible for managing the assets, with greater flexibility in investment choices.
Today’s concern – is a Roth right for you?
While I’m sharing personal experiences, before making any decisions, I’d echo the sentiment about consulting with both a licensed, competent tax and financial advisor.
If you decide to open a Roth, get it done before April 14, 2024. Why?
Some interesting thoughts to ponder.
I just came to post this. Thank you. It’s time to invest in anything BUT the totally captured financial system.
His book:
https://docplayer.net/234739593-The-great-taking-david-rogers-webb.html
David Webb, The Great Taking
I met David at the recent conference in Sweden. His research explains the financial underpinnings of the Great Reset
https://sashalatypova.substack.com/p/david-webb-the-great-taking
Sasha had a super interview vid here, now behind a paywall (which she’s earned).
Here’s some BitChute stuff with him:
https://www.bitchute.com/search/?query=webb%20taking%20&kind=video&sort=new
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“Your” assets are already seized.
Thanks for the link. He makes a very strong case laying out that any financial instrument is not really owned by us little guys. Plan accordingly. Will the masters of the universe drive the world to abject poverty? Maybe. He does not really name the source of the past, present and coming evil
For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms. Ephesians 6.12
While evil people will do evil things, the important conflict is within ourselves and with our relationship to Jesus Christ. Prayer and being of service to others are what each of us can do regardless of what may come our way.
I inherited my husband’s accounts, they are in cash now but how do you prepare for the US dollar losing reserve currency status and/or the US defaulting on the debts? I can’t take any of this out yet without penalty, it’ll be another 2 1/2 years.
Is your mortgage paid off, KaD? If not, pay the penalty and pay everything off ASAP. That cash will become worthless due to hyper-inflation, reserve currency or not.
KaD,
BL has some sound advice…2.5 years from now (at this pace) fiat will be either degraded to wheelbarrows or long past that stage.
Mark, ten years ago I would have told KaD to wait out the 2 1/2 years. This is a different world now and at least she will have a secure home , free and clear.
BL,
I did the same thing in 1999 (at 49) with a 401k…and it worked out well…of course there are going to be 1001 differences in-between KaD and my situation…and 1999 & 2023…but at this time and stage of the can now being a cement block, and we are just about out of road…could be the best move for her.
Best to you KaD!
Hi everybody! I’m Dr. Nick! Today we’re going to install some financial instruments…up your ass! Please lower your pants and assume the position while I grease the wheels. It’s a REALLY big instrument!