Americans can now put a lot more in health savings accounts. Here’s how much they can invest.
Contributions to health savings accounts increase at steepest level since HSAs were first rolled out in 2004 People who have health savings accounts are getting a big opportunity next year — a shot to contribute much more to these tax-advantaged savings accounts. It’s a win for families trying to defray medical expenses as inflation rates slowly come off their pricey perch, observers say. It’s also a win for people who can afford to turn the accounts into a long-term wealth building vehicle. Health savings accounts are used to offset the pain of high-deductible health-care plans. With high-deductible plans, customers pay a lower premium, but they pay more for their medical services. With HSAs, pretax dollars are used to pay out-of-pocket health-care expenses. Money deposited in HSAs can roll over from year to year, and may be invested in a wide range of mutual funds. Many people, however, do not have access to these accounts through their health-insurance plan. For 2024, a person can contribute up to $4,150 in an HSA, up from $3,850 this year. The contributions for a family account have risen to $8,300 next year, up from $7,750 in 2023 For 2024, a person can contribute up to $4,150 in an HSA, up from $3,850 this year, the IRS said this week. The contributions for a family account have risen to $8,300 next year, up from $7,750 in 2023, the tax agency said. The maximum catch-up contributions for people 55 and above stays at $1,000. So a couple above the age of 55 can sock away $10,300 next year. For 2024, a high deductible plan, among other things, has to have a deductible that’s at least $1,600 for individual coverage and $3,200 for family coverage, the IRS said. These accounts get three types of tax breaks: there’s a tax deduction for money that goes in, tax-free growth and then tax-free distributions for qualified medical expenses on the way out. That even counts for medical expenses they incurred years ago, so long as they have the receipts. The annual increases usually ranged around 1% to 3%, according to the Employment Benefit Research Institute’s compilation of contribution limits through the years. The 2024 contribution increases are the steepest year-over-year increases since people could start putting money into these accounts beginning in 2004. The 2023 contribution limits for individuals grew more than 5% from the prior year, and they grew more than 6% for families. Meanwhile, the 2024 contribution limits for individuals and families will increase more than 7% from their maximums this year. Like certain other parts of the tax code — including the standard deduction and income tax brackets — the tax rules surrounding health savings accounts are indexed with inflation rates, said Jake Spiegel, research associate, health and wealth research at the Employment Benefit Research Institute, a nonprofit organization based in Washington, D.C. “Inflation is hitting us all,” but higher HSA contribution limits could let people “stretch their health-care dollars a little,” Spiegel said. “The upshot here is that you are able to save more than you otherwise could.” How HSAs differ from FSAs Despite their many advantages, many people don’t have HSAs. Only one quarter of workers within an HSA-eligible plan were enrolled in the accounts, according to a 2022 employer health benefit survey from KFF, an organization focused on public health. Just over one-third of workers, 35%, had access to these accounts last year, according to the Bureau of Labor Statistics — even though access to the accounts didn’t necessarily mean these workers actually used the accounts. These accounts are different than flexible spending accounts (FSAs), which also let people put aside money to defray costs. For starters, FSAs account holders cannot invest the money and if the employer allows FSA money to roll over from one year to the next, the carryover amount is capped at $610 in 2023. Even when people are enrolled in HSAs, many aren’t using it as much as they could, Spiegel said. The average account balance was just over $4,300 at the end of 2021 and individuals contributed an average $1,880 that year, according to EBRI’s research of a database with more than 13 million accounts. Unlike HSAs, flexible spending account holders cannot invest the money, and if the employer allows FSA money to roll over from one year to the next, the carryover amount is capped at $610 in 2023. Very few account holders use the money sitting in their HSA for investments, Spiegel said. Within the database, 12% of the accounts were invested in assets other than cash, he noted. Of course, there may be good reasons why most people keep their HSA money away from the stock market. “If you don’t have the cash flow to pay out of pocket, you might not want to subject your HSA to market risk,” he said. But the preferential tax treatment is a powerful reason to use HSAs to grow a portfolio, financial experts said. That puts extra significance on the new contribution limits, they add. “Especially in a high-inflation environment where there is an increasing cost of living, it is helpful to have the opportunity to put more into the HSA and take advantage of the tax-efficient investment opportunity to accumulate growth,” said Kristy Jiayi Xu, founder of Global Wealth Harbor. The HSA is “a really great planning tool for a high-income earner who doesn’t have the ability to make Roth [IRA] contributions,” said Nicole Webb, senior vice president and financial advisor at Wealth Enhancement Group. Traditional IRAs are funded with before-tax money, and are taxed upon withdrawal. Roth IRAs are funded with after-tax money and withdrawals are made tax-free. Tax rules allow people to deduct contributions to traditional IRAs so long as they meet certain conditions, pegged to issues like coverage through a workplace retirement plan and annual income. Above phase-out ranges, deductions don’t apply if a person or their spouse has a retirement plan through work. For individuals, the phase out ends at an annual income
How To Save For Retirement
When it comes to saving for retirement, most Americans fall short. According to the Federal Reserve, about a quarter of Americans have no retirement savings at all, and almost two-thirds of non-retired adults are concerned about being able to meet their retirement savings goals. Don’t let those numbers get you down. If you’re worried about your retirement savings game, or haven’t started saving for retirement yet, this guide can get you on track regardless of where you are in life or how much you have to invest. And if you’re a little further along in your retirement savings journey, we’ll show you how to maximize your strategy by taking full advantage of different types of retirement accounts. 7 Steps to Save for Retirement Saving for retirement doesn’t have to be intimidating. Follow these seven steps to develop your personal retirement investing strategy: 1. Set Your Retirement Savings Goal It’s relatively easy to estimate how much you need to save for a new car purchase or a home down payment. How much to save for retirement, on the other hand, is a much bigger, more challenging personal finance goal—it may feel a lot harder to get right. There are so many variables to consider. How much will you need for vacations? Could you end up facing big medical expenses? What age will you stop working entirely? How long will you actually live? According to the Center for Retirement Research at Boston College, most of us should start savings around 15% of our income starting at age 25 if we hope to retire by age 62. If that amount sounds too high, too early, that’s okay. Starting later just means you may have to save a higher percentage, reduce your expenses, or work longer. Someone who started saving at 35, for example, could hypothetically fund a comfortable retirement by contributing 24% of their income until age 62 or 15% of their income until age 65. Use the 25x Rule to Calculate Your Retirement Needs If you have a better idea on what your annual expenses might be in retirement, you can create a more personalized goal for yourself using the 25x rule. Estimate your annual expenses in retirement and multiply that figure by 25. If you think your annual expenses will be $50,000, for example, the 25x rule suggests you’d need a total of $1.25 million saved to retire without having to worry about depleting your nest egg early. The theory behind this rule of thumb is the 4% safe withdrawal rate. The 4% rule suggests that over a 30-year retirement, you can safely withdraw 4% of your portfolio in year one of retirement, then keep withdrawing the same dollar amount, adjusted for inflation each year, to prevent running through your savings early. Determine Your Monthly Savings Rate Once you’ve determined your total retirement savings goal, estimate how much you’ll need to set aside each year to reach it using a retirement savings calculator. Estimate market returns at a conservative 6% per year, even if historically market returns have been higher. Assuming a 6% rate of return and the $1.25 million figure from our earlier example, you would need to save about $218,000 over 30 years to reach this hypothetical retirement goal. That works out to $7,266 a year or $605 a month. 2. Open a Retirement Account Once you’ve figured out how much you need to save, it’s time to open a retirement account. Historically, investments in the stock market have offered significantly better returns than savings accounts, making them the preferred tool for growing your retirement savings. Not all investment accounts are ideal for retirement savings. To encourage people to save for retirement, the federal government has created special types of investment accounts, popularly known as retirement accounts, that provide certain tax advantages. There are two main types of retirement accounts: employer-sponsored retirement accounts, like 401(k)s, and individual retirement accounts (IRAs). In general, both types of accounts are available in traditional and Roth varieties. Both offer tax-advantaged growth of your investment money, but you pick whether you’d prefer an income tax break now or in retirement. Employer-Sponsored Retirement Accounts Employer-sponsored retirement plans are benefits companies offer their employees. The most well known is the 401(k) plan, but depending on where you work, you may have access to a 403(b) plan, 457(b) plan, SEP IRA, or SIMPLE IRA. With a workplace retirement plan, you’re generally able to have a portion of your paycheck deposited into your retirement account automatically each pay cycle. In addition to the tax benefits they offer, employer-sponsored retirement accounts are valuable because they may offer employer contributions or 401(k) matches. These are funds invested in your retirement account for you by your company. With a 401(k) match, you have to contribute a certain percentage of your salary to your retirement account. In return, your company invests an amount that reflects that percentage, effectively doubling your money. Outside of matches, some companies may offer other employer contributions to your retirement account, like profit sharing or safe harbor contributions, that you don’t have to do anything to receive. With a 401(k), 403(b), and 457(b), you can contribute up to $19,500 per year ($26,000 if you’re 50 or older) in 2020 and 2021. SEP IRAs do not allow for employee contributions, but your employer can contribute up to the lesser of $58,000 in 2021 ($57,000 in 2020) or 25% of your salary. With SIMPLE IRAs, you can contribute $13,500 per year ($16,500 if you’re 50 or older) in 2020 and 2021. Individual Retirement Accounts (IRAs) If you don’t have access to a retirement account at work or are looking to save for retirement outside of it, you have two main choices: traditional IRAs and Roth IRAs. To contribute to either, you must have a taxable income for the year. Roth IRAs come with further income restrictions. To contribute the maximum amount to a Roth IRA, you must make less than $124,000 if you’re single or $196,000 if you’re married and filing
Do I Need A Financial Advisor Or Should I Go It Alone?
Do you need a financial advisor? The answer depends on different factors — the complexity of your finances, how comfortable you are managing investments, where you are in your wealth journey, and where you’d like to be. The advisor’s mission is to close the gap between where you are financially and where you’d like to be. But there are costs involved and not everyone needs the help. Making a confident decision about hiring (or not hiring) an advisor requires some information-gathering, plus a bit of self-reflection. What Does a Financial Planner Do? Effective financial planners provide guidance that helps you reach your financial goals. Investment management and strategy is a primary component of that guidance. You can tap an advisor for a comprehensive investing strategy and more specific services like: Household spending review and budgeting Retirement planning College tuition planning Assessment of and recommendations for insurance protection Consultation with estate planners, tax planners, and other advisors Financial planners are essentially personal finance mentors. They learn your situation, provide advice, and guide you towards informed financial decisions. Financial Advisor vs. Financial Planner The terms financial advisor and financial planner are often used interchangeably in conversation. Technically, though, they’re not exactly the same thing. Financial advisor has a broader meaning than financial planner. Advisor encompasses planners as well as stockbrokers, insurance agents, estate planners, bankers, and accountants. Working With a Financial Planner Your role in the advisor relationship has three main parts: You share your financial information and goals. You evaluate and then accept or veto your advisor’s recommendations. You fund the recommendations you accept. Before you choose a financial advisor, think critically about your ability to fulfill these responsibilities. Are you comfortable sharing your financial details, speaking up when you disagree, and investing money per your financial plan? Ideally, the answer is a resounding yes. If you’re not willing to be financially transparent and fund your choices, you may get limited value from an advisor. When to Hire a Financial Advisor One in three working adults and retirees currently consult with a professional financial advisor, according to a 2022 retirement survey from Employee Benefits Research Institute. Of those who don’t have an advisor today, nearly half said they intend to work with one in the future. The cue to engage an advisor is often a significant life event, such as marriage or divorce. But there are other prompts, too. These include increased financial complexity, lack of time or investment expertise, and even disagreement among household members about the shared financial strategy. Significant Life Events Life events that change your financial picture or outlook include: Marriage: Combining two sets of finances can get complicated. Messier still can be the process of setting shared financial goals. Divorce: You may need help recasting your outlook with one income instead of two. Becoming a parent: Kids change the expense structure of your household and add new financial goals, like paying for college. Inheriting money: You’ve lost a loved one and gained a windfall. You may welcome outside guidance on investing that windfall in this stressful time. Assuming caregiver responsibilities for an elderly parent: Your income or expenses may change. You might need to reevaluate your retirement plan. Starting a business: Starting a business has risk. You may need to balance that risk by getting more conservative in other areas of your finances. Selling a business: Selling a business reshuffles your assets and probably changes your income. Both outcomes affect how you should manage money and investments going forward. Starting a new job or getting a promotion: An increase in income unlocks more money to pursue your financial goals. You may need guidance on how to invest that extra income efficiently. Note that financial advisors can provide one-time consultations, as well as ongoing guidance. After a major life change, you may only need a short-term engagement. Typically, the outcome would be a financial plan you could implement yourself. For example, say you just became eligible to contribute to your 401(k). You could choose a financial advisor to recommend initial investment choices appropriate for your age, risk tolerance, and goals. Then it would be your job to activate those investment selections and monitor your performance. Increasingly Complex Finances Finances naturally get more complicated over time, even without big life changes. You earn more, invest in your 401(k), contribute to an HSA, buy life insurance, and so on. One day, you may start doubting your ability to manage it all. Financial advisors are particularly useful in this scenario. The good ones will take a comprehensive view of your assets and identify strategies to optimize your investment returns, lower your risk, or both. Lack of Time or Expertise Managing your money and investment portfolio can be like a second job — a second job you may not want. If you don’t have time for research and monitoring your portfolio, you can retain an advisor to do it for you. Your advisor does the tedious work and you get involved when it’s decision time. Similarly, you might not feel comfortable making investing decisions. After all, investing is a confusing subject. A good advisor can support solid decision-making and help educate you on best practices of money management. Household Conflict on Strategy Nearly three-quarters of married or cohabitating adults admit to financial tension in their relationship. That’s according to a recent survey by the American Institute of CPAs. Money conflicts may prevent you and your partner from moving forward on a wealth plan. You might retain a financial planner to smooth over those conflicts with objective, expert advice. How Much Money Do You Need to Hire a Financial Advisor? It’s a common question: Do you need a certain net worth to work with an advisor? Generally, no. Some advisors do enforce net worth thresholds, but many do not. Having said that, it probably doesn’t make sense to retain an advisor if you’re living paycheck to paycheck. But if you have $100 monthly or $10,000 monthly available to support your financial
What Is A Backdoor Roth IRA?
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If your earnings put Roth IRA contributions out of reach, a backdoor Roth IRA conversion is a great option that lets you enjoy the tax benefits of a Roth IRA.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_transition_offset=”0″ scroll_offset=”0″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ margin_top=”25″][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ animation_direction=”left” animation_speed=”0.3″ min_height=”” last=”true” link=”” border_position=”all” first=”true”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ rotation_text=”” title_link=”off” link_target=”_self” content_align=”left” size=”3″ text_shadow=”no” text_shadow_blur=”0″ dimensions_medium=”” dimensions_small=”” gradient_font=”no” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”]How Does Backdoor Roth IRA Work?[/fusion_title][fusion_text animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”]A backdoor Roth IRA isn’t a special type of individual retirement account. Rather, a backdoor Roth IRA is a strategy that helps you save retirement funds in a Roth IRA even though your annual income would otherwise disqualify you from accessing this type of individual retirement account.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_transition_offset=”0″ scroll_offset=”0″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ margin_top=”25″][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ animation_direction=”left” animation_speed=”0.3″ min_height=”” last=”true” link=”” border_position=”all” first=”true”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” content_align=”left” size=”4″ text_shadow=”no” text_shadow_blur=”0″ gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Roth IRA Income Limits in 2021 and 2022 [/fusion_title][fusion_imageframe aspect_ratio="" custom_aspect_ratio="100" aspect_ratio_position="" lightbox="no" linktarget="_self" align_medium="none" align_small="none" align="center" mask="" custom_mask="" mask_size="" mask_custom_size="" mask_position="" mask_custom_position="" mask_repeat="" style_type="" hover_type="none" margin_medium="" margin_small="" caption_style="off" caption_align_medium="none" caption_align_small="none" caption_align="none" caption_title_tag="2" animation_direction="left" animation_speed="0.3" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" image_id="4487|full"]https://leighbaldwinadvisory.com/wp-content/uploads/2022/05/RothIRALimits.png[/fusion_imageframe][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type="flex" hundred_percent="no" hundred_percent_height="no" hundred_percent_height_scroll="no" align_content="stretch" flex_align_items="flex-start" flex_justify_content="flex-start" hundred_percent_height_center_content="yes" equal_height_columns="no" container_tag="div" hide_on_mobile="small-visibility,medium-visibility,large-visibility" status="published" border_style="solid" box_shadow="no" box_shadow_blur="0" box_shadow_spread="0" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_blend_mode="none" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" absolute="off" absolute_devices="small,medium,large" sticky="off" sticky_devices="small-visibility,medium-visibility,large-visibility" sticky_transition_offset="0" scroll_offset="0" animation_direction="left" animation_speed="0.3" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" margin_top="25"][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" align_self="auto" content_layout="column" align_content="flex-start" valign_content="flex-start" content_wrap="wrap" center_content="no" column_tag="div" target="_self" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" order_medium="0" order_small="0" hover_type="none" border_style="solid" box_shadow="no" box_shadow_blur="0" box_shadow_spread="0" background_type="single" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" lazy_load="none" background_position="left top" background_repeat="no-repeat" background_blend_mode="none" filter_type="regular" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" animation_direction="left" animation_speed="0.3" min_height="" last="true" link="" border_position="all" first="true"][fusion_text animation_direction="left" animation_speed="0.3" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky"]Backdoor Roth IRA conversions let you circumvent the limits in the table above. A backdoor Roth IRA works like this: You open a new traditional IRA, make non-deductible contributions to it, then convert it into a Roth IRA. There are no income thresholds limiting who can make nondeductible IRA contributions, although you still need to obey the annual IRA contribution limits. Anyone can convert traditional IRAs to Roth IRAs, regardless of annual income, though a backdoor Roth IRA is most useful to high earns whose access to a workplace retirement plan makes them ineligible to deduct their traditional IRA contributions in the first place. You can also do a backdoor Roth IRA by converting deductible contributions held in a traditional IRA or a traditional 401(k) to a Roth IRA, although you will probably owe taxes on the money you convert.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type="flex" hundred_percent="no" hundred_percent_height="no" hundred_percent_height_scroll="no" align_content="stretch" flex_align_items="flex-start" flex_justify_content="flex-start" hundred_percent_height_center_content="yes" equal_height_columns="no" container_tag="div" hide_on_mobile="small-visibility,medium-visibility,large-visibility" status="published" border_style="solid" box_shadow="no" box_shadow_blur="0" box_shadow_spread="0" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_blend_mode="none" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" absolute="off" absolute_devices="small,medium,large" sticky="off" sticky_devices="small-visibility,medium-visibility,large-visibility" sticky_transition_offset="0" scroll_offset="0" animation_direction="left" animation_speed="0.3" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" margin_top="25"][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" align_self="auto" content_layout="column" align_content="flex-start" valign_content="flex-start" content_wrap="wrap" center_content="no" column_tag="div" target="_self" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" order_medium="0" order_small="0" hover_type="none" border_style="solid" box_shadow="no" box_shadow_blur="0" box_shadow_spread="0" background_type="single" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" lazy_load="none" background_position="left top" background_repeat="no-repeat" background_blend_mode="none" filter_type="regular" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" animation_direction="left" animation_speed="0.3" min_height="" last="true" link="" border_position="all" first="true"][fusion_title title_type="text" rotation_effect="bounceIn" display_time="1200" highlight_effect="circle" loop_animation="off" highlight_width="9" highlight_top_margin="0" title_link="off" link_target="_self" content_align="left" size="3" text_shadow="no" text_shadow_blur="0" gradient_font="no" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" style_type="default" animation_direction="left" animation_speed="0.3" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky"]Step-By-Step Guide to Backdoor Roth IRAs[/fusion_title][fusion_text animation_direction="left" animation_speed="0.3" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky"]To complete a backdoor Roth IRA conversion, you
Financial Planning
[fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” spacing_medium=”” spacing_small=”” padding_dimensions_medium=”” padding_dimensions_small=”” border_sizes=”” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” render_logics=”” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_transition_offset=”0″ scroll_offset=”0″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” type_medium=”” type_small=”” order_medium=”0″ order_small=”0″ dimension_spacing_medium=”” dimension_spacing_small=”” dimension_spacing=”” dimension_margin_medium=”” dimension_margin_small=”” margin_top=”” margin_bottom=”” padding_medium=”” padding_small=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” hover_type=”none” border_sizes=”” border_style=”solid” border_radius=”” box_shadow=”no” dimension_box_shadow=”” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” render_logics=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ animation_direction=”left” animation_speed=”0.3″ min_height=”” last=”true” link=”” border_position=”all” first=”true”][fusion_text columns=”” rule_size=”” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Leigh Baldwin & Co. (LBC) Advisory Services provides comprehensive Financial Planning to help our clients reach their financial goals. [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” spacing_medium=”” spacing_small=”” padding_dimensions_medium=”” padding_dimensions_small=”” border_sizes=”” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” render_logics=”” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_transition_offset=”0″ scroll_offset=”0″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_2″ layout=”1_2″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” type_medium=”” type_small=”” order_medium=”0″ order_small=”0″ dimension_spacing_medium=”” dimension_spacing_small=”” dimension_spacing=”” dimension_margin_medium=”” dimension_margin_small=”” margin_top=”” margin_bottom=”” padding_medium=”” padding_small=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” hover_type=”none” border_sizes=”” border_style=”solid” border_radius=”” box_shadow=”no” dimension_box_shadow=”” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” render_logics=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ animation_direction=”left” animation_speed=”0.3″ min_height=”” last=”false” link=”” border_position=”all” first=”true”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ rotation_text=”” title_link=”off” link_target=”_self” content_align=”left” size=”4″ text_shadow=”no” text_shadow_blur=”0″ dimensions_medium=”” dimensions_small=”” gradient_font=”no” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Cash Flow Planning [/fusion_title][fusion_text columns=”” rule_size=”” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Analyze short and long-term cash flow needs Evaluate retirement cash flow simulations Assess education funding needs Explore long-term wealth accumulation strategies [/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_2″ layout=”1_2″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ animation_direction=”left” animation_speed=”0.3″ min_height=”” last=”true” link=”” border_position=”all” first=”false”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” content_align=”left” size=”4″ text_shadow=”no” text_shadow_blur=”0″ gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Education Funding [/fusion_title][fusion_text animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Discuss higher educational planning Exploring options based on individual’s needs and tax advantages (529 plan vs UTMA) [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_transition_offset=”0″ scroll_offset=”0″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_2″ layout=”1_2″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ animation_direction=”left” animation_speed=”0.3″ min_height=”” last=”false” link=”” border_position=”all” first=”true”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” content_align=”left” size=”4″ text_shadow=”no” text_shadow_blur=”0″ gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Investment Management [/fusion_title][fusion_text animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Determine risk tolerance and financial goals Research and advise on various investment options and strategies Monitor and rebalance asset allocation Provide regular performance reporting [/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_2″ layout=”1_2″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ animation_direction=”left” animation_speed=”0.3″ min_height=”” last=”true” link=”” border_position=”all” first=”false”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” content_align=”left” size=”4″ text_shadow=”no” text_shadow_blur=”0″ gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Insurance [/fusion_title][fusion_text animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Evaluate life insurance needs and coverages Whole Life vs Term insurance Analyze existing property and casualty insurance exposure Examine excess liability coverages Discuss annuities and guaranteed income [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_transition_offset=”0″ scroll_offset=”0″ animation_direction=”left” animation_speed=”0.3″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ 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hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Benefits and Compensation Planning [/fusion_title][fusion_text animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”] Maximize employee benefits Review retirement plan investment options Discuss stock option strategies [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]