This is the second year Mundorf Wealth Management is organizing a party to celebrate our amazing clients while also helping raise awareness and money for a cause that's very important to us.
Only one third of retirees are comfortable spending their retirement money! Most would rather live off Social Security, pensions, or income from part-time work, rather than spend down their nest egg. It is a delicate balance in retirement: you don't want to compromise your quality of life, but neither do you want to run out of money!
Roth IRAs are one of the most powerful tools you can use to become extremely wealthy. But as Dustin with Mundorf Wealth Management explains to Erin Kennedy there are many misconceptions about them...
"America's IRA expert," Ed Slott, recently told other industry experts that "an IRA is just an IOU to the IRS." Slott says he doesn't see any benefit to using a traditional IRA right now because tax rates are so low. In this video, Dustin with Mundorf Wealth Management explains to Erin Kennedy why he agrees that more people need to consider tax-free accounts.
The S&P has been on a rally lately, which is why some of us look at our portfolio and wonder why it's not up the same amount. In this video, Dustin with Mundorf Wealth Management and Erin Kennedy break down why you don't necessarily want to see huge swings in your portfolio (up or down), because that volatility might not be in line with your risk tolerance.
When considering which assets to leave your beneficiaries, there's one asset that's loaded with taxes: IRAs. Inheriting an IRA is very different from inheriting a Roth IRA. In fact, without proper planning, as Dustin with Mundorf Wealth Management explains to Erin Kennedy, the #IRS may end up being your largest beneficiary!