Episode 3: "Retirement - To Contribute or Not to Contribute, that's the Question"

To contribute or not to contribute? That is a big question for many. Is it better to direct money to a tax deferred plan, or take that money and put it in a plan that grows tax-free? Today, retirement expert Tom Mosley and Kirsten Oakley discuss the pros and cons of contributions, that issues that arise from qualified plans, and the steps you can consider taking that will help you maximize your money in retirement.   Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇  TIMESTAMPS 00:00 Retirement - to Contribute or Not Contribute 02:45 Reasons why someone would want to consider not contributing to a 401K or IRA 07:24 Why a qualified plan isn’t the “be all” that it used to be 11:15 Why qualified plans are good 14:30 What should people be doing with their current qualified plans? 24:45 Why knowing your risk score is so important 28:30 Solutions on what do with your contributions 29:49 The difference between a ROTH and regular 401K 37:55 Call to action & how to create a retirement strategy. 39:48 When it’s NOT a good idea to convert into a ROTH 47:42 To contribute or not to contribute? Save!    Have specific questions for Tom and the team at Mosley Wealth Management? Contact us 👇 https://mosleywealthmanagement.com/contact/ =========================================== If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄, 𝐥𝐢𝐤𝐞, 𝐨𝐫 𝐬𝐡𝐚𝐫𝐞! ===========================================   ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management   #IRAContributions #ROTHContributions #inflation #retirementincome #retirementplanning #stockmarket #investing #financialadvisor #SocialSecurity #401K #ROTH IRA   DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the particular needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.

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