It's never too early to start planning!

It’s been said a million times but it truly is never too early to start planning for your retirement. However, it’s much easier said than actually done. If you’re lucky to have an employer that offers a 401(k) plan that is a great option to start saving with. It isn’t necessarily the only option and for those without employers who offer 401(k) plans it may a great alternative. Traditional Individual Retirement Accounts (IRA’s) and Roth IRA’s are qualified retirement accounts that can be opened and utilized to start saving for your retirement.

Traditional and Roth IRA’s each offer great benefits. Which type of account is going to provide the greatest advantage is usually based on your specific tax situation. We would be happy to schedule an appointment to go over options specific to your personal situation. Both accounts offer great options where you could defer and minimize your potential taxes, which is always a good thing!

At Wilson Financial, being an RIA we are afforded the ability to provide accounts to our clients with no minimum account balance. Unlike, other financial advisors that require you to have a minimum of $5,000 or $10,000 and in some cases even up to a $100,000 just to work with them. That’s not the case with us; we know it’s not always feasible to have a lump sum of money to invest at one single time. Because of that we’re here to help people plan for their retirement in any way possible, even if that means only being able to contribute a $100 per month to an account for example. We will work with you to determine a plan to help you get started saving regardless of your current circumstances. We look forward to helping you out and would love to help develop a personalized retirement plan for you!