Market Volatility and Taxes

It's late March as I write this and this time of year, it seems most of us are more focused on our money than most any other time of the year!

If you've already filed and got back a refund... maybe we should modify tax withholding on one of your accounts. Conversely if you owed a substantial amount, please note we can OVER-withhold on some accounts to solve for that problem. Dad has a pension, and makes sure to OVER-withhold on withdrawals to offset it.

If you are still working, maybe we need to setup a last minute IRA or ROTH contribution?

If you are retired, should we debate a ROTH conversion?

Did you know you can send your Required Minimum Distribution, directly to a charity, and receive a 100% income deduction for it? Please feel free to ask us about this strategy.

While we're not tax planners, at JTW Financial Services, taxes are always part of the equation!

War with Iran, zooming gas prices, a mountain of National Debt... these items are starting to weight on an otherwise positive market environment. The S&P500 is down almost 7% year to date!

Remember the BEST thing about having an annuity with us, is that you WILL NOT lose to market volatility! Please let us know if you want to discuss getting some of your market-linked funds into something safer.

Jason Walter, Owner