As we enter 2025, it is prudent to update funding amounts for various account types to reflect new contribution limits. Below we will overview annual limits for notable financial planning items. Retirement Accounts Account Type Limit Catch-Up IRA $7,000 $1,000 if over 50 Roth IRA $7,000 $1,000 if over 50 401(k)
For most investors, the 529 account is the most used account type to save and invest for a child’s education. This type of account provides for tax-deferral on the growth of the investments and if the funds are used for ‘Qualified Educational Expenses’ the funds can be withdrawn tax free.
Videos
As we enter 2025, it is prudent to update funding amounts for various account types to reflect new contribution limits. Below we will overview annual limits for notable financial planning items. Retirement Accounts Account Type Limit
During a market downturn it is our natural tendency to want to make changes to our investment strategy despite a plethora of research that points to the optimal course of action being no action at
In 2024, the Roth IRA contribution limit is $7,000. For those over the age of 50, there is an additional $1,000 catch-up contribution allowed bringing the total to $8,000. The incredible tax benefit of a
The benefits of tax-deferred accounts like 401(k)’s, IRA’s, and HSA’s, among others, are often touted and generally for good reason. That said, the benefits of a taxable investment account tend to be overlooked but can
Estate planning is a crucial aspect of financial planning for individuals of all ages and income levels. Having the right estate planning documents in place ensures that your assets are distributed according to your wishes,
Create an Online Social Security Account at SSA.gov This step becomes more important as you approach age 62 (the earliest age you can claim social security) and is critical if you are over that age.
All of our clients have heard this talk and many of them have heard it several times. This chart is from the JP Morgan Guide to the Markets and we’re going to pull two lessons
This is a little sample from the Finance 101 meetings that we do with our client’s children. Young adults need to learn about money and investing – this story is about the time value of
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Fontana Financial Planning and Dallas Wealth Advisors are not a registered broker/dealer and is independent of Raymond James Financial Services.
Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.
Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.
Raymond James Legal Disclosures
Raymond James Privacy Notice
