Money Concepts Financial Planning Centre
Longboat Key Florida
725 Norton Street, Longboat Key FL 34228
Florida (941) 387-7191 Texas (432) 367-3465
Would You like to accumulate investment earnings tax-free?
Would You like to use those earnings for yourself - free of income tax?
Would You like to put more than $3,000 into a Roth IRA? More than $10,000?
Continue to read this article!
Disclaimer and Warning - Securities Related
The Money Concepts Seminar Series is all about helping people learn about money management. There was a time when financial matters were limited primarily to a checking account, for the average person, or perhaps stocks and bonds for people who had money to invest. But times have changed. People have begun to realize that we can no longer just work for our money ... our money must work for us. We at Money Concepts study economic trends and advise our clients how to use their money as a force in motion to steadily grow in line with personal financial goals.
Our
society places enormous value on the ability to make money, yet very little time
is spent teaching us what to do with it when we get it. As your financial
adviser, Bob Parrish, will educate you about alternatives, risks, portfolio
design, risk aversion, and portfolio balancing.
There are methods available to everyone - poor and rich alike to help you make your hard earned money grow. Obviously, the more you can save, the faster your wealth will grow. Moreover, the longer you allow your hard earned money to grow, the more growth there is - compounding earnings! Think of it like a new car loan, or a house loan in reverse. On those loans, you pay a relatively large amount of interest in the early years of the loan, and little principal. When you save, the early years produce relatively smaller amounts of income and in the latter years, produce very large amounts of income. To illustrate this mathematical rule a small graph is shown below. The graph does not represent any specific security, or savings account. For illustration purposes we have chosen to save $200 per month at a fixed and constant rate of compounding at 7.00% for 20 years - here is the result:
One might ask - "What does the graph look like if there is only a single deposit at the beginning?" The following is the same assumptions, however there is only one deposit at the beginning and the earnings are allowed to compound -
However - if you do not cut your tax costs where you can, then your savings will not grow as rapidly.
Therefore I recommend using a strategy that is suitable for you, and simultaneously will reduce your income tax.
I will assist you to place more money into those proven tax strategies that offer the opportunity to pay no income tax while it is growing and pay no income tax when you start to draw the money for personal use, at retirement.
I will gather facts about your personal circumstances, determine which options are available to you and make recommendations to accomplish as many of the following objectives as possible:
Income Tax-free growth
Income Tax-free drawing
Place $3,000; $7,000; $40,000 or more into the proven and established plans
The following is not an offer to sell, nor a solicitation. Information is informational purposes only. Mutual funds are sold by prospectus only.
Washington Mutual Investors Fund Prospectus
Washington Mutual Investors Fund Summary
Washington Mutual Investors Fund "Thoroughly Refined"