It is important to think about your risk/reward ratio tolerance–terms like “conservative” and “risky” can mean different things to different people which is why it is necessary to think it through. This way, you can also get a feel for what level of risk is necessary to try to obtain a return on your investment, […]
Conversions of a traditional IRA to a Roth can differ individual to individual, even where the same sum of money is involved. Let’s take, for example, two individuals, each with $100,000 in a traditional IRA, that the funds were identically invested and would double over 10 years. The tax rate was posed to be 30%.
Workers who change jobs often leave their retirement plan accounts behind and then forget about them. However, a new federal database should make it easier for you to find your lost retirement account from a previous job. As of May 2021, more than 24.3 million 401(k) accounts worth a total of $1.35 trillion had been
Recover Your Lost Retirement Account Read More »
According to a national survey for LiveCareer in June, about 61% of working Americans are more afraid of retirement than of death. Why is this? The survey suggests the reason is that many Americans are financially unprepared to retire. About 20% of Americans ages 50 and older were shown to have no retirement savings according
Americans Are More Afraid of Retirement Than Death Read More »
We have been asked to explain the reason why some financial institutions ask for the name of a person that is often referred to as a “trusted contact.” There is frequently confusion about what rights that person has, specifically if they have access to any account their name is provided for. The simple answer is,
One way to approach retirement is to think of it in stages. While retirement might seem like the final step of a journey, your goals and lifestyle will likely continue to evolve, and your income strategy should reflect that. For example, consider looking at your retirement in five-year stages; can you meet your income needs
Retirement in Stages Read More »
Traveling in retirement years may be your ticket to a new level of independence. You’ll have the opportunity to explore new places and have new experiences every day. If, of course, you’re the kind of person who loves to travel. Traveling in retirement gives you the chance to discover new destinations; planning a trip specifically
How Much Will you Travel In Retirement? Read More »
Retirement is different from your working years–you’re no longer putting in time and collecting a paycheck regularly. Creating a sustainable paycheck in retirement is, however, an art worth mastering. Without a full-time employer, retirees are left with the task of cobbling together a sustainable cash-flow strategy that will not only cover their expenses, but also
Retirement Paycheck Read More »
Have you ever wondered if working in retirement reduces your Social Security benefits? If you are younger than your full retirement age for the entire year, your benefit will reduce by $1 for every $2 you earn in excess of the [current] annual limit of $22,320. If you start working in the year you reach
Social Security and Working In Retirement Read More »
The IRS has been urging taxpayers to perform a tax checkup recently. This is to hopefully help you prevent getting unexpected tax bills in the next year. The agency underlined that many taxpayers would find themselves in a situation where they owed taxes if they did not change their withholding or make anticipated payments. Using
IRS Encourages “End of Summer Tax Checkup” Read More »
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Messina’s Wealth Management, LLC MS Lic #1503388
Messina’s Wealth Management, LLC
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Dominick Messina
LA Ins Lic# 222159
Dominick Messina
MS Lic #7176300
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**Our products offer a reasonable rate of return, over time.
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This site is for informational purposes only and is not intended to be a solicitation for or offering of any product or investment. The offer for sale of an insurance product may only be conducted in a state where the agent is licensed and the product is approved for sale. The providing of investment advice relating to securities may only be done by a properly licensed individual operating through a licensed affiliate entity, unless otherwise exempt. Comments about past performance are not to be construed as a guarantee or assurance of future performance. This website may contain concepts that have legal, accounting and tax implications. We do not provide specific legal or tax advice, nor promote, market or recommend any tax plan or arrangement. Consult a tax/legal professional for guidance with your individual situation. No representations are made as to the accuracy or completeness of the information contained herein or any information contained in any link provided herein, nor does a consumer visiting the website create an agent-client relationship.
Dominick Messina, an Investment Advisory Representative (IAR), offers advisory services through Gibbs Wealth Management, an SEC registered investment advisor. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Messina’s Wealth Management LLC and Gibbs Wealth Management are independent of each other. Insurance products and services are not offered through GWM but are offered and sold independently by Messina’s Wealth Management LLC, MS Lic #1503388 / Messina’s Wealth Management, LLC LA Lic #717402 / Dominick Messina LA Ins Lic# 222159 /Dominick Messina MS Lic #7176300. By contacting Messina’s Wealth Management, LLC you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.
