Making the Most of Social Security
A big part of retirement planning involves maximizing your social security income. When you start those payments makes a bigger difference than most people realize. Let us help you navigate through that decision.
2017 Tax Rates, Schedules, and Contribution Limits
We often get questions on maximizing contributions within Individual and Employer plans, gifting limits, as well as structuring trades to incur the least amount of capital gains. The attached flyer deals with all those scenarios and more. Make sure to contact us to help guide you through making these decisions to have the best effect on your Financial Plan. We are happy to help!
Converting a Traditional IRA to a Roth IRA
IRAs are one of the most popular retirement savings vehicles in use today. This article discusses the strategy of converting those Traditional IRA assets to a Roth IRA and the tax implications of doing so. Along with your financial advisor, this article should be helpful in understanding all the considerations that should go into making this decision.
5 Year Countdown
At MidWestOne Investment Services, we recommend frequently reviewing your retirement plan. This should begin with an in depth retirement consultation with your financial advisor at or around five years prior to planned retirement. Frequent checkups after that allow you to adjust your plan accordingly and make sure you are still on path as you get closer to your retirement date. The attached document is a great resource to keep you on track. Most of these can be addressed in your initial complimentary consultation with your financial advisor, so we can help take the worry out of the planning process.
How to Spend More Mindfully in the New Year
Settling the Unsettled Investor