Logically, because we are a financial planning and investment firm, it would be logical for you to think this blog post would be about investments. What secret mix of different investments would ensure the best return given our personal risk tolerance and time frame?
Here at FPS, we do this every day.
Ed Slott, a well-respected authority on IRAs, published an article this month in Financial Advisor Magazine titled: “When Roths May Not Be Right”. In it he gives a dozen reasons why Roth conversions may not be a good idea. And we agree with overall message. As with most strategies, there are always some drawbacks.
When planting a garden, one of the first things you do is decide what you want to eat.
You carefully prepare the soil, plant your seeds, provide enough water and sunlight and try to keep the weeds and other critters out to ensure the best harvest.
Doing these steps gives you the best outcome and highest yield.
With the cost of a college education continuing to rise, it is becoming much more important for one to have a college plan. If one has a toddler and discretionary income, saving for college is the way to go. With time on your side, a systematic investment plan over time can do wonders in helping fund a college education.