Roger and Elias talk about Christmas spending, and answer some of the internets most searched questions. 

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Hosted By: Roger Abel
Guest Host: Elias Randel
Produced By: Molly Nordlocken

Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.  The opinions voiced in this show are for general information purposes only and are not intended to provide specific advice or recommendations for  any individual. To determine which investments may be appropriate for  you, consult with your attorney, accountant, and financial or tax advisor prior to investing.   All performance referenced is historical and is not a guarantee of future results. All indices are unmanaged and cannot be invested into directly.  Premier Investments of Iowa, Inc. and LPL Financial do not provide tax advice, please consult your tax professional. 

Dollar cost averaging involves continuous investment in securities  regardless of fluctuation in price levels of such securities.  An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure profit and does not  protect against loss.  Economic forecasts set forth may not develop as predicted and there  can be no guarantee that strategies promoted will be successful.  There is no assurance that the techniques and strategies discussed are  suitable for all investors or will yield positive outcomes.  The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal.

Consult your tax professional about eligibility to Roth and Traditional IRA  contributions. Contributions and earnings in a Roth IRA can be withdrawn  without paying taxes and penalties if the account owner is at least 59 ½  and has held their Roth IRA for at least five years.

Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of the conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

Prior to investing in a 529 Plan investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult your tax advisor before investing. 

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Financial Advisor’s Answer the Internet | Behind the Wealth

In today’s digital age, the internet has become a valuable resource for individuals seeking financial advice. With just a few clicks, you can access a wealth of information on topics such as investing, retirement planning, and budgeting. However, while the internet is a great starting point for financial education, there is no substitute for the personalized guidance and expertise offered by a financial advisor.

Financial advisors play a crucial role in helping individuals and families navigate the complex world of finance. They provide personalized advice, investment strategies, and financial plans tailored to their clients’ unique needs and goals. While the internet may offer generic advice, a financial advisor can provide a customized approach based on a client’s specific financial situation and objectives.

One of the biggest advantages of working with a financial advisor is their ability to provide unbiased and objective advice. Unlike the information found on the internet, which may be biased or misleading, financial advisors are held to a fiduciary standard, meaning they are required to act in their clients’ best interests. This commitment to transparency and integrity ensures that clients receive trustworthy advice that is free from conflicts of interest.

Another key benefit of working with a financial advisor is their ability to provide holistic financial planning. While the internet may offer tips on individual topics such as budgeting or investing, a financial advisor can help clients develop a comprehensive financial plan that takes into account all aspects of their financial lives. This can include retirement planning, tax strategies, estate planning, and risk management. By providing a comprehensive approach to financial planning, financial advisors can help their clients achieve their long-term financial goals.

Furthermore, financial advisors have access to a wide range of investment options and financial products that may not be readily available to the average investor. They can help clients navigate the complexities of the financial markets and identify investment opportunities that align with their risk tolerance and financial objectives. With their expertise and knowledge, financial advisors can help clients build diversified investment portfolios that are designed to weather market volatility and produce long-term growth.

In addition to providing personalized advice and investment strategies, financial advisors also offer ongoing support and guidance. They work with their clients to monitor and adjust their financial plans as their circumstances and goals change over time. This ongoing relationship allows clients to have a trusted partner to turn to for financial guidance, support, and reassurance during both prosperous and challenging times.

While the internet can provide a wealth of financial information, the personalized guidance and expertise offered by a financial advisor are invaluable. They can provide unbiased and objective advice, holistic financial planning, access to a wide range of investment options, and ongoing support to help clients achieve their long-term financial goals. By working with a financial advisor, individuals and families can gain the confidence and peace of mind that comes with having a trusted partner by their side on their journey toward financial success.