Jesse Waters at Voya Financial Advisors

Learn about tax provisions that may affect many households when they file their personal tax returns for 2020.

Starting a new job can open the door to optimizing your Life Insurance to ensure your loved ones remain protected. When you are tied to a corporate life insurance policy, every time you change jobs you need to re-apply for a supplemental plan, exposing you to insurability risk and potentially higher policy premiums, since life insurance costs more as you get older. If you have a need for life insurance, taking out a policy that’s independent from your employer can eliminate t...his risk and provide you with ongoing coverage for a fixed premium for a specified term or your entire life. Please reach out if you would like to review your situation to find the best financial path forward. #jobchange #lifeinsurance #financialadvisor #sanfrancisco Photography: Simon Rae Photo/unsplash.com

Starting a new job opens the door to optimizing your retirement assets, or 401(k). Any time you start a new job, you must make an important decision about your 401(k) that will affect your financial future: Choose your own path, or let your new company choose it for you. After you start your new job, you can keep your existing 401(k) in the current plan, roll it into the new company's plan or roll it over to a IRA account. To make an informed decision, you should analyze all... of the investment options and fees to find which platform provides the best solution. Most of the time, rolling over to an IRA gives you the broadest choice of investments to better manage performance and risk, while also potentially lowering fees. Bear in mind, the rollover must be transferred correctly without triggering taxes on your pre-tax money, and you’ll likely have more success reaching your financial goals if you have your investments professionally managed. Please reach out if you would like to review your situation to find the best financial path forward. Look out for next week's post on how to manage your life insurance strategy during a job transition. #jobchange #financialadvisor #bayarea Photography: Denys Nevozhaii Photo/unsplash.com - Shanghai interchange

ARE YOU ON THE RIGHT PATH to reach your financial goals? There are many routes to reach your financial goals, but it helps to know if you are choosing the easiest track or double black diamond. I work with clients to run projections on each of their accounts to gain an understanding of probable outcomes, risks and likelihood of success of their entire portfolio of investments to determine the best path forward and make informed decisions. As an independence financial advisor,... I have consulted with many individuals and families and have put together a top ten list of the habits that help contribute to successful financial plans. Next weeks topic will be about the top financial goals for 2021. #financialplanning #datadriven #riskmanagement #allocation Photography: Alex Slattery Photo/unsplash.com - titled lost on the mountain

YOUR CASH SHOULD ALWAYS BE WORKING FOR YOUeven if you aren’t. If you’re only earning the national average interest rate on your savings accountcurrently .05%*your return over 10 years will be close to zero. But you could earn $22,120 over 10 years* on a $100,000 account at a compounding interest rate of 2%. As part of a full investment plan, I provide my clients with options to earn returns on their cash, so you can always have your money working for you. As an independenc...e financial advisor, I have consulted with many individuals and families and have put together a top 10 list of the habits that help contribute to successful financial plans. Next week’s topic focuses on choosing the right path to achieve your goals. #cashmangement #datadriven Photography: Thiago Japyassu Photo/unsplash.com - Playa Porto Marie Curacao *bankrate.com

Tax free investing in a Roth IRA A Roth IRA* offers the advantage of tax-free growth and tax-free withdrawals in retirement, but many investors don’t consider opening an account, as their income is too high to qualify. However, there is a backdoor to opening a Roth IRA. If you convert existing IRA assets there is no income limit. While you will need to pay tax on the converted assets upfront, you can enjoy tax-free investing for the rest of your life. If you have over $500,...000 in retirement assets, you should run a financial projection to see if it makes sense for your situation. As an independence financial advisor, I have consulted with many individuals and families and have put together a top 10 list of the habits that help contribute to successful financial plans. Next week’s topic will be about earning a return on your cash. #rothira #datadriven #financialplanning #taxmanagement Photo: Koushik Chowdavarapu unsplash.com *To qualify for the tax-free and penalty-free withdrawal or earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59 or due to death, disability, or a first time home purchase (up to a $10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes.

NOW IS THE TIME TO REVIEW YOUR INVESTMENTS FOR TAX EFFICENCY to prepare for your 2020 filing. Taxes are the one controllable element in investing, so if you feel you’re overtaxed, you should seek help from a professional. Tax rules are constantly changing and investment choices are always expanding, giving investors more options but also increasing the complexity. Many investors make investment decisions without understanding the tax implications, which can be as high as 37%*... on your capital gains and 40% on your estate**, reducing your profits. If you feel you’re overtaxed, reach out to me for a consultation to review your strategy. As an independence financial advisor, I have consulted with many individuals and families and have put together a top 10 list of the habits that help contribute to successful financial plans. Next week’s topic will cover tax-free investing. *Forbes **Voya Financial #taxes2020 #overtaxed #datadriven #financialplanning #taxmanagement Photography: Markus Winkler Photo/unsplash.com

HOW WELL DO YOU MANAGE COMPANY RSU/OPTIONS FOR RISK AND TAX EFFICEINCY? Many owners of corporate RSUs and options make buy or sell decisions without fully understanding how the stock fits into their overarching financial plan and its associated tax burden. This can lead to either taking on too much risk, missing out on future gains, or paying higher taxes. I work with clients to formulate a data-driven decision process that removes emotional bias and evaluates the position no...t just on the estimated returns, but also on what is appropriate for your financial situation. If you need help determining how much company stock is right for you reach out for a consultation. As an independence financial advisor, I have consulted with many individuals and families and have put together a top 10 list of the habits that help contribute to successful financial plans. Next week’s topic will focus on tax efficiency investing. #rsu #options #financialplanning #datadriven #riskmangement #taxmanagement Photography: Michal Parzuchowski Photo/unsplash.com

We are approaching the fastest, deepest, most consequential technological disruption in history - Is your portfolio invested to benefit from these changes? The cloud computing, biotech, payments, e-commerce, renewable energy and electric vehicles industries are experiencing rapid change, innovation and growth, and many investors are missing out. If you own a S&P 500 ETF, which is made up of the largest companies in the U.S., you aren’t investing in the up-and-coming innovator...s. One of the many examples: Tesla is changing the auto market but is not included in a S&P 500 ETF. If you need help determining your exposure to innovative companies and allocation, please reach out for a complimentary review. As an independence financial advisor, I have consulted with many individuals and families and have put together a top ten list of the habits that help contribute to successful financial plans. Next weeks topic will be about investments aligned with your values. #disruption #innovation #change #growth

IS YOUR PORTFOLIO'S PERFORMANCE KEEPING UP WITH OTHERS? Could you do better? This is one of the first things I ask prospective clients. The average balanced portfolio has returned 8.2%* from 1926-2019, and many investors fall short of this return across all their investment portfolios (brokerage, 401K, IRA, Roth IRA, inherited IRA). If you do not know your return after fees, you need to gather all of your statements to calculate how your performance compares. If your statemen...ts do not include fees, you must account for transaction, fund expense and advisory fees. Please reach out if you feel you could be doing better or need help calculating your performance to see if a new approach is warranted. My clients receive a transparent quarterly statement that provides performance after fees across all accounts. As an independence financial advisor, I have consulted with many individuals and families and have put together a top 10 list of the habits that help contribute to successful financial plans. Next week's topic will be about investing in innovative companies. *Investmentsillustrated.com (55% Large Cap Stocks, 35% Bonds, 10% T-bills) Photography: Todd Diemer Photo/unsplash.com #bestpractice #ROI #reporting #performance #datadriven #financialadvisor

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