Savant Blog

Savant offers perspective on a variety of topics. Entries range from current events to timeless insights in the world of finance and investments.

01 Oct
October 01, 2014

On the surface converting an IRA account to a Roth account seems to make perfect sense. What a great way to pass on tax free assets to the next generation or even have tax free money that you can take out, at your discretion, during retirement. Before you rush out and convert your IRA to a Roth account, however, let’s take a closer look.

First and foremost, the president included a few proposals in his 2015 budget to

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30 Sep
September 30, 2014

What if I told you it was easier than you thought? Among complex portfolio management and retirement planning strategies, compounding is arguably the most influential factor to having more money. Albert Einstein referred to it as the eighth wonder of the world and “the most powerful force in the universe.”  Aside from buying a winning lottery ticket, compounding is the easiest way to create additional wealth and ensure that you are ready for retirement. 

It sounds pretty easy but if the

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18 Sep
September 18, 2014

Probably not!  Or at least don’t worry about the market.  Yes, I know the S&P 500 broke the 2000 level recently, and the Dow is back over 17,000.  And, while the NASDAQ has not yet recovered back to highs set in 2000, it too is within striking distance of setting a new high in coming months. 

The media certainly loves this stuff.  Why is that?  Easy…they need to write and sensationalize daily to keep your attention.  The market setting a new

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08 Sep
September 08, 2014

The ALS Ice Bucket Challenge spread like wildfire across social media. And while we saw many young people take the challenge, we have to wonder – did they comprehend the deeper idea behind donating to ALS, or did they just have fun dumping ice water over their heads? This thought led to an array of questions about the value of charitable giving and how to teach it at a young age to ensure it evolves into a habit and not

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05 Sep
September 05, 2014

By now everyone and their brother probably knows the pros of owning a Roth IRA, but what about other options? Yes, there are other ways to build your ideal future! Having a tax-free bucket of money can provide tax planning flexibility in retirement income strategies that allows you to live the retirement lifestyle you’ve always wanted.

While Roth IRAs are important retirement investing tools, they have restrictions on who can fund them in any given year.  For example, high income earners

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