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The following link/content may include information and statistical data obtained from and/or prepared by thirdparty sources that Wealth Personal, deems reliable but in no way does Wealth Personal guarantee its accuracy or completeness. Wealth Personal had no involvement in the creation of the content and did not make any revisions to such content. All such third-party information and statistical data contained herein is subject to change without notice and may not reflect the view or opinions of Wealth Personal. Nothing herein constitutes investment, legal or tax advice or any recommendation that any security, portfolio of securities, or investment strategy is suitable for any specific person. Personal investment advice can only be rendered after the engagement of Wealth Personal, execution of required documentation, and receipt of required disclosures. All investments involve risk and past performance is no guarantee of future results.
Mid-Year Financial Checkup: Why June Is the Perfect Time to Reassess Your Financial Plan
As we reach the halfway point of the year, many people take stock of their health, careers, and personal goals—but often overlook one of the most important areas of their lives: their finances. Just as an annual physical helps identify potential health concerns before...
Retirement Isn’t Just About Saving Money—It’s About Creating Income You Can Count On
For many Americans, retirement planning begins with one simple question: "How much money do I need to retire?" While building savings is important, a more critical question is often overlooked: "How will I create a reliable income throughout retirement?" Retirement...
7 Financial Mistakes That Can Derail Your Retirement — And How to Avoid Them
Retirement should be a time filled with freedom, confidence, and peace of mind — not uncertainty and financial stress. Yet many people unknowingly make decisions during their working years that can create major challenges later in life. The good news is that most...
Retirement Planning in 2026: Building Confidence for the Years Ahead
Retirement is no longer viewed as simply “stopping work.” For many individuals and families, retirement is about creating freedom, protecting the lifestyle they’ve worked hard to build, and gaining peace of mind for the future. With rising healthcare costs, market...
Understanding Fixed Indexed Annuities: Balancing Growth Potential and Protection
In today’s unpredictable financial environment, many retirees and pre-retirees are searching for ways to protect their savings while still maintaining the opportunity for growth. One financial tool that continues to gain attention is the Fixed Indexed Annuity, often...
Why Retirement Planning Should Start Earlier Than Most People Think
When people hear the words “retirement planning,” many immediately picture someone in their 60s preparing to leave the workforce. The reality is very different. The most successful retirement strategies often begin decades before retirement is even on the horizon....
Why Financial Confidence Starts With a Plan
For many people, financial confidence is not about having millions of dollars or a perfect investment strategy. It is about feeling secure, prepared, and in control of what lies ahead. Life is unpredictable. Expenses appear unexpectedly, markets fluctuate, health...
Protecting Your Wealth Through Every Stage of Life
When people think about financial planning, they often focus only on retirement accounts or investment strategies. While these are important pieces of the puzzle, true financial security comes from creating a complete plan that protects your wealth through every stage...
The Hidden Risk of “Waiting Too Long” to Get Your Financial House in Order
Most people do not ignore their finances because they do not care.They ignore them because life gets busy. Work takes over. Family needs attention. Retirement feels far away. Insurance paperwork feels confusing. Estate planning gets pushed to “later.” Before long,...
Weekly Market Commentary
It was a hectic week on Wall Street as investors contended with heightened tensions in the Middle East, awaited the largest IPO in history, and received elevated inflation readings. The US and Iran appear to be very close to extending a fragile ceasefire, but as I...
Weekly Market Commentary
qqwe The S&P 500 was unable to make it a 10th straight week of gains as the market pulled back sharply late in the week amid a sense that the AI trade may have gone too far, too fast. Technology issues were absolutely hammered on Thursday and Friday after...
Weekly Market Commentary
Global equity markets rallied in May and received a final boost in the final week of the month on optimism that the US and Iran were close to extending the current ceasefire agreement. However, the negotiations between the two parties were described as “clear as mud”...
Weekly Market Commentary
Happy Memorial Day weekend, and thank you to all the brave men and women who have served our country to ensure our freedom. Markets took a step forward last week in what I would consider a complete reversal of the prior week's action. A broadening-out trade could...
Weekly Market Commentary
US equity markets finished the week mixed in volatile trade. Hotter-than-expected inflation data, coupled with increased tensions in the Middle East, sent US Treasury yields significantly higher. The US-China summit ended with both sides with no real incremental...
Weekly Market Commentary
Global markets hit record highs as Q1 earnings continued to exceed expectations. Despite continued tensions in the Middle East and the Strait of Hormuz effectively closed, investors bought mega-cap technology issues alongside Semiconductor companies. AMD posted...
Weekly Market Commentary
Global markets had mixed results last week as headlines about the US-Iran conflict continued to affect trade. Conflicting reports of the US and Iran meeting to negotiate a ceasefire came and went without the two sides meeting. The Strait of Hormuz continued to be...
Weekly Market Commentary
Global markets continued to rally in hopes of an extended ceasefire and Friday’s reopening of the Strait of Hormuz. However, the rally will be tested on Monday after Iran shut down the Strait of Hormuz on Saturday, with the ceasefire ending on Tuesday. Negotiations...
Weekly Market Commentary
Global markets rose for a second week as the US and Iran agreed to a two-week ceasefire. The two sides met in Pakistan on Saturday to negotiate an end to the war, but talks ended without a resolution. The fragile ceasefire will be tested on Monday as markets reopen,...
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Children vs. Grandchildren Beneficiaries and the First Required Minimum Distribution Year: Today’s Slott Report Mailbag
By Ian Berger, JD IRA Analyst Question: Are the rules for a grandchild who inherits an IRA the same as the rules for a child who inherits? Thank you, Steven Answer: Hi Steven, No, the rules are very different. An IRA owner’s child who is under age 21 when the owner...
3 IRA Tax Breaks for Same-Sex Couples
By Sarah Brenner, JD Director of Retirement Education June is PRIDE Month. June also marks the anniversary of the landmark Supreme Court case Obergefell v. Hodges, which legalized same-sex marriage. When it comes to IRA rules, spouses have many advantages, and couples...
Roth IRA Conversions Do Not Count for Roth IRA Contribution Eligibility
By Andy Ives, CFP®, AIF® IRA Analyst If a person wants to make a Roth IRA contribution, there are two primary hurdles to get over. First, a person must have taxable compensation to make the contribution. Items like W-2 wages, commissions, professional fees or bonuses...
The Once-Per-Year IRA Rollover Rule and 529-to-Roth Transfers: Today’s Slott Report Mailbag
By Sarah Brenner, JD Director of Retirement Education Question: Hello, Last December 15, I withdrew $10,000 from my traditional IRA. Thirty days later, I deposited $4,000 in a Roth IRA and $6,000 in a different traditional IRA. Can I treat the $4,000 Roth IRA...
What in the World is Modified Adjusted Income (MAGI), and Why Does It Matter?
By Ian Berger, JD IRA Analyst Some of you may have come across the term “modified adjusted gross income” (MAGI) and figured it has something to do with “adjusted gross income” (AGI). But, unless you’re a tax geek, that may be all you know. That’s a shame...
Five Things to Know about the Five-Year Rule on Converted Roth Funds
By Sarah Brenner, JD Director of Retirement Education If you are under age 59½ and you converted your traditional IRA to a Roth IRA, you will need to watch out for the five-year rule for penalty-free distributions of converted funds. Not understanding how the rule...
Combining Retirement Accounts and Roth Conversions: Today’s Slott Report Mailbag
By Sarah Brenner, JD Director of Retirement Education Question: I have a new client who has an old SEP IRA as well as a traditional IRA with funds that were rolled over from his 401(k) plan. Can we combine these two accounts? Answer: Yes. These accounts can be...
529-to-Roth: Still No News on 15-Year Clock
asfaf sfgsf By Andy Ives, CFP®, AIF® IRA Analyst It’s been nearly 3½ years, and still no news. No guidance. No updates. Background: In December 2022, the SECURE 2.0 Act was signed into law. That legislation contained an extensively discussed provision – allowing...
401(k) Rollovers and Spousal Contributions: Today’s Slott Report Mailbag
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: I have a 401(k) plan with a previous employer that is a mix of pre-tax and Roth money. I’m considering a direct rollover of the 401(k) to an IRA. How would that work since it’s a mix of pre-tax and after-tax funds? Would...
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