Wayne, PA
Fiduciary Financial Advisors

Pennsylvania Retirement Investment Taxation

Once you are retired (age 59.5 or higher), you can withdraw your pre-tax 401k and IRA assets penalty-free. You will pay federal income tax on these withdrawals, but you will not pay Pennsylvania state income tax.

Medicare - Health Care Coverage for Retirees

Generally speaking, if you retire before age 65, you must enroll in Medicare at age 65. If you are retiring after 65, you must enroll in Medicare at your retirement. Regardless, you want to avoid gaps in coverage or late enrollment penalties.

What is a Roth IRA Conversion?

A Roth conversion is when you take pre-tax retirement assets (Traditional IRA, SEP IRA, SIMPLE IRA, 457, 403b, or 401k) and convert them into after-tax Roth IRA assets.

5 Items that Clients With Over 5 Million in Assets Should Want From Their Financial Advisor

People want to work with an independent firm that works for them, not for the financial industry's profit. They want to know that their advisor works for their needs only as a fee-only fiduciary.

Traditional IRA vs Roth IRA

Individual Retirement Accounts (IRAs) are investment accounts that provide tax benefits to help individuals save for retirement. There are two main types of IRAs: Traditional IRAs and Roth IRAs.

What is a Backdoor Roth IRA?

A backdoor Roth IRA strategy can be particularly beneficial for high-income earners who are not eligible to contribute to a Traditional or Roth IRA due to IRS contribution limits but are looking to to maximize their yearly tax-advantaged retirement contributions.

What is a Mega Backdoor Roth?

A mega backdoor Roth is similar to a traditional backdoor Roth IRA, but it involves making after-tax contributions to a 401k plan rather than a traditional IRA.

Pennsylvania Investment Management

Our team of fee-only fiduciary financial advisors are committed to improving the state of investment management in Pennsylvania by building trusted relationships with our clients and communities, utilizing index funds, and charging low fees.

401k Rollovers to IRA

Consolidating your retirement accounts in a personal IRA each time you change jobs can help reduce financial complexity over time.

What are the Best Retirement Account Options?

While there may not be a "perfect" retirement account, there are multiple options available for savers/investors to build their assets for retirement.

Pennsylvania Financial Planning

We work with you to create a customized plan that focuses on budgeting, saving, and investing in a way that maximizes your potential wealth in the long run while minimizing short-term worry.

How to Manage Your Wealth

While extreme increases in wealth may fulfill economic needs, they don't necessarily lead to the psychological or behavioral changes that are helpful at any wealth level.

Pennsylvania Retirement Planning

Unfortunately, it is not unusual for new clients in Pennsylvania to come to us with portfolios full of high-fee mutual funds, brokered stocks, annuities, and other costly investments.

Should I Use a 529 Plan?

While you can utilize any normal interest bearing bank account or taxable investment account, you may want to consider using a tax-advantaged 529 account for educational savings and investing.