BlueSky Wealth Advisors has recently partnered with the Elon University Finance Department to promote financial literacy. In support of this effort, David L Blain, CFA, was invited to speak to Elon students on the principles of financial success.

With fewer and fewer workers covered by a defined benefit retirement plan (pension), more Americans today depend on 401(k)s and other defined-contribution plans to supply retirement income. Through disciplined and tax-incentivized savings throughout their career, many workers will have their 401(k)/IRA as their largest financial asset by the end of their career.

Stephen Fletcher, CFP®, MBA, explains a little-known provision in the tax code that advisors have been utilizing for years. It is called the Back-Door Roth contribution, and it lets high-income earners still get some funds into a Roth IRA, even if they make well over the upper end of the income limit.

Now that the SECURE Act has passed, you may have some questions about what it means for you and your beneficiaries. The act works to increase access to employer-sponsored retirement plans and addresses the extended average life expectancy. Still, it brings changes for the way your retirement funds will be inherited.

Most everyone is familiar with their advantages: typically, a contribution is an above-the-line tax deduction, and all income and capital gains inside the IRA are tax-free. But like any wonder drug, there are some side-effects, some reasons why IRAs don’t work for everyone’s plan. Here’s what IRAs should have on their warning label:

As a business owner, it can be difficult to know what type of retirement plan to choose. In this session you will learn about the varying types of plans with David Blain, CFA, CEO and Founder of BlueSky Wealth Advisors, and author of Invest in Your Life as he walks you through the basic principles of a 401K.