Retirement Planning Archives - Page 2 of 4

Direct or Indirect Rollover? What is the difference?

by Vid Ponnapalli | Feb 19, 2020 | Financial Planning, Retirement Planning, Wealth Management

If you are a mid-career professional, chances are you have switched jobs a few times, and considered rolling over funds from your ex-employer retirement plan. So, here you go: In this video, I will present to you the difference between a “Direct”...

SECURE Act limits Stretching Inherited IRA distributions

by Vid Ponnapalli | Dec 27, 2019 | Retirement Planning, Wealth Management

If you are expecting to inherit an IRA from a parent or a grandparent in the coming years – you just lost an important benefit – thanks to SECURE Act that went into law earlier this week. Inherited IRAs lost STRETCH opportunity due to SECURE Act Starting...

What to know about ROTH conversions

by Vid Ponnapalli | Nov 10, 2019 | Financial Planning, Retirement Planning, Tax Planning, Wealth Management

Are you debating if you should convert some of your Traditional IRA money to a ROTH IRA this year? Today, I will tell you three very important factors to consider before making the decision. So, here are the three factors to consider before committing to a ROTH...

How to prioritize HSA vs 401K?

by Vid Ponnapalli | Nov 1, 2019 | Retirement Planning, Wealth Management

Last week, I talked about the tax benefits of Health Savings Accounts. Today, I will answer a very common question asked about HSAs How do you prioritize saving in an HSA vs saving in a 401K? So, here is the question: Let’s say you are eligible to...

HSA = Tax-Free Money

by Vid Ponnapalli | Oct 28, 2019 | Retirement Planning, Tax Planning, Wealth Management

This post is about how Healthcare Savings Accounts (a.k.a. HSAs) save you tons of money in way of tax savings! So, let’s come to the point – how do HSAs save you tax dollars? Very simple. If planned well, the money you saved in an HSA is never taxed; Yes, you...

7 Social Security Myths You Must Know

by Vid Ponnapalli | Nov 30, 2018 | Retirement Planning, Wealth Management

Many Americans have come to believe certain myths about Social Security benefits and may be misinformed on a range of important topics, such as who is actually eligible to receive benefits, how much they will receive when they apply for benefits, or whether Social...