Roth Conversion: Tax Free Growth, Tax Free Withdrawals

November 29, 2018

 

Roth 101 – The Basics of Conversion

When the Roth IRA was created in 1997, it was a small footnote in the world of Pensions and 401(k)’s.  Fast forward 20 years, and the Roth is on everyone’s mind. The big question; Should I CONVERT my Traditional IRA to a Roth?

There are 3 main questions to ask yourself about conversion.

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The Idle IRA

 

Many fall prey to the common misconception that setting up an IRA and investing money in it will ensure you will be taken care of when retirement rolls around.

The sad truth is, just because you fund an IRA doesn’t mean you’ll have enough to retire with when the time arrives. The fact is, many households (35%) do not even have a retirement savings plan such as an IRA. The ones that do have retirement plans underutilize them.

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A Server’s Heart

November 2, 2018

One of the many unique things about NuView IRA is our passion for serving others – which also happens to be one of our four core values. We believe that each NuView employee embodies these values and as such, portrays it on a regular basis. We are constantly looking for ways to give back – as a company and in our separate lives.

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Hello From the CEO!

In Florida the weather has finally turned, down to a chilly 60 degrees last night – and I had to get several windows unstuck from their six-month closed position.   I hope that all of you are enjoying the change of the seasons, and if the prospect of snow is a bit depressing, come visit your IRA in Orlando anytime.

It’s a great time of year to take a look at your investment performance as well.  Will you accomplish the growth in your IRA this year compared to what you forecasted in January?  Here is a brief checklist to consider that several of our clients use:

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Using Hard Money: It’s Actually Not That Scary!

Often times, when I talk to a novice investor or even a somewhat experienced investor, I hear, “I want to do a flip or buy a rental but I don’t have enough cash in my IRA and the bank won’t finance me…”.

The easy solution to this common problem is ‘Hard Money’. The following response I often get is either ‘what is that’ or ‘I heard they charge insane rates and are too expensive! The truth is, Hard Money is not as bad as many people think.

I’ve closed at least 50% of my deals using Hard Money and every one of my buyers who’ve used it is satisfied with the strategy.

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Sleep In Heavenly Peace: No Kid Sleeps on the Floor in Our Town!

October 23, 2018

 

New Orlando chapter of national charity Sleep in Heavenly Peace to partner with local business to build beds for area children sleeping on the floor

Who

Sleep in Heavenly Peace (SHP) – Orlando West Chapter, the first Orlando area chapter of a national organization dedicated to building and delivering bunk beds to children in need, will partner with NuView IRA to build 10 bunk beds (20 beds) in a four-hour period.  These beds along with mattresses, sheets, comforters and pillows will soon be delivered to Orlando children in need.

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Stock Market Volatility?  Don’t Worry, it will all Work Out…

October 15, 2018

 

As I write this brief piece, the Stock Market, represented by the Dow Jones index has plunged over 1300 points from record heights.  While this represents about a 5% decline, it seems like a volatile way to prepare for retirement.  Meanwhile, stock pundits are encouraging calm – as the losses only represents half of the gain of the entire past year.  They say, “Don’t worry, it will come back – it always comes back.”

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NuView Client Success Story: Out With the Old, In the With the New

October 2, 2018

 

NuView client, Craig H., currently resides in Central Florida and claims general contracting as his main profession. Along with his general contract work, Craig manages several rental properties and previously owned his own financial investment company. With his background knowledge in finances, Craig realized that not all financial companies were totally “transparent.” After working with previous companies, he felt the need to branch out and look for something more client driven – rather than being another name on a list.

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Share The Secret: Self-Direction For Children

 

 

SHARE THE VALUE OF INVESTING

When it comes to investing, education and experience are key. This is not something that is taught in school, but instead must be learned either on one’s own, or from a mentor figure. Once you learn the ins and outs of investing, you can use a self-directed IRA to pass along your knowledge to your children.

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Roth IRAs and Why They’re Your Secret Weapon to Retiring Well

When considering yearly income taxes, many enjoy the benefits of a traditional IRA or any pretax retirement account, largely because they are able to deduct the contribution on their tax return. This is part of a strategy used to secure a lower tax bracket. However, investors that self-direct often enjoy large gains making the Roth IRA their #1 choice – and for a very good reason.

When you contribute to a Roth, you pay taxes up front. You might be asking yourself, “What’s so great about paying taxes up front when you can’t deduct your contribution from your taxable income that year?” Well, when you pay the IRS up front, that’s it, they don’t get anything else. Yes, it’s true. That means no capital gains tax, and no forced distribution at any age. You can buy and sell stocks, bonds, real estate, crypto currency, precious metals, etc. all inside your Roth IRA. This leads to increasing your wealth, year after year, without owing any additional taxes.

Let that sink in for a second.

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