Roth accounts are an amazing tool when it comes to creating wealth. Roth IRAs are not subject to probate and can be passed on to heirs tax-free. They also grow tax-free! If you're considering a Roth Conversion, Dustin with Mundorf Wealth Management and Erin Kennedy walk through 3 key considerations:
The age-old debate continues: should you pay off your mortgage early or invest for the future? In this video, Dustin with Mundorf Wealth Management and Erin Kennedy talk through whether the answer to that question has changed considering the high rate on "safe returns" for your lazy money and low interest mortgage rates.
The cost of raising a child to the age of 18, now costs about $300,000.00, and that doesn't even include college! For a child with special needs, that cost can more than triple. Without proper preparation, your child’s lifetime needs can quickly outstrip your funds. Dustin with Mundorf Wealth Management recommends to Erin Kennedy that you:
Is your financial advisor truly planning for your future, or just coasting? In this video, Dustin with Mundorf Wealth Management and Erin Kennedy lay out the four signs that your advisor is delivering genuine financial planning, not just quick fixes. A truly committed advisor will:
Social Security claiming strategies for married couples can be more complex because you need to consider spousal benefits and survivor benefits. In this video, Dustin with Mundorf Wealth Management and Erin Kennedy talk through some key questions, including:
Roth IRAs are one of the best ways to minimize taxes. However, many people earn too much to qualify for a Roth IRA (single filers who make more than $161K and married couples who make more than $240k). In this video, Dustin with Mundorf Wealth Management and Erin Kennedy, talk through an alternative for those high earners known as the "Rich Person's Roth." However, it's not a retirement account, it's a cash value life insurance policy, which also offers tax-free growth and tax-free withdrawals. What's more, this strategy can provide savers incredible liquidity, use, and control of their money.