subject: Financial Consultation Services! [print this page] People who dont financially plan find often times find themselves in a rut, finding it harder to get by and living month to month pay check to pay check. Financial planning will help you prepare for unexpected events and hard times. Financial planning also helps you stay ahead of your finances. Who wants to be struggling to get by and at the same time have to think about retirement and what the future holds? No body thats who! There are many routes you can take, you can budget, you can make secure investments, you start a savings plan and much more. Investment options include the stock market, the purchase of assets which make up your capital, and IRAs. IRAs are financial investments that allow tax deductible contributions of up to $4,000 per year, or more if you are of a certain age, somewhere around 50 years old. What ever amount is contributed to an IRA comes off your yearly income and in turn reducing your tax liability. There are rules and regulations when it comes to IRAs. When money is withdrawn from an IRA, its subject to standard income taxes and theres a 10% penalty if contributions are withdrawn before the age of approximately 59 . This may turn you off, but dont fret, you have other options. You can invest in a Roth IRA, and the cool thing about one of these is contributions can be withdrawn at anytime penalty and tax free (except the interest, that is taxable). Another great thing about a Roth IRA is that after 5 years, contributions and earnings can be withdrawn without pental or tax! This all may sound confusing, but dont worry there are plenty of companies that you can talk with. Take Triumph Senior Solutions for example! Great company! They specialize in financial planning, retirement planning and pretty much anything else that secures your life and your finances. Triumph Senior Solutions is owned by Ben Bryson, and it is located in Ephrata, Pennsylvania! Ben started the business because he wanted to assist those in his community with their finances and had a passion to give back and serve. Triumph Senior Solutions serves out of state as well, and can help you with anything financial.
