Chuck’s Comments, Aug 2011

Summer is coming to an end (seems like it just got here!), and it’s back to school for some, back to the grindstone for others and our own thoughts turn to…

Open Enrollment.

For most salaried and hourly workers, this slice of time occurs in the fall. It is a golden opportunity to review your benefits package at work, especially the all-important 401(k) or 403(b) plan contributions and make sure that your choices enhance your overall Financial Plan.

In addition, our Congressional representatives either intentionally or unintentionally created a loophole that began this year… Anyone, including high income earners can now open a traditional, (but non-deductible) IRA; which now that income limits have been eliminated, can be converted to a Roth. This may not make sense for the high wage earners that are close to retirement, but for those who are still a decade or more away, consider having your Financial Advisor &/or CPA take a look at your options and run some models for you.

Warmest Regards,

Chuck Jones, CFP®

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