The Backdoor Roth IRA: Converting Non-Deductible IRA Contributions Into a Roth IRA

By Todd I. Youngdahl, CFP®

Roth IRAs remain great savings vehicles for many reasons. They can be a tax-free income source in retirement. They don’t have required minimum distributions when you reach age 72 as with most other tax-advantaged retirement plans.  And, they have flexible inheritance rules that will benefit your children and grandchildren.

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Your 2021 Monthly Financial Planner

By The CFP® Team at Washington Wealth Advisors

Can you believe it is already February? How are your 2021 New Year’s resolutions going? If they’re already a thing of the past, not to worry. We’ve created a financial to-do list to help you get your financial life on track in 2021.

January and February: Review Your Situation and Investments

After a year like 2020, it’s probably time for a solid financial checkup. Write down the answers to questions such as:

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Could An Annuity Enhance Your Retirement Planning?

By Maura C. Schauss, CFP®

When it comes to retirement planning, believe us when we say you have a lot of options in front of you. If you’re looking for ways to supplement or diversify your retirement income during the planning stages of your life, it may be time to consider an annuity. Annuities are unique long-term investments that can help mitigate the risk of outliving your retirement income.

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Investing 101: Growth vs. Value Approach to Investing

By Todd I. Youngdahl, CFP®

Comparing growth and value stocks is like a shiny new candy-apple red sports car versus an old reliable beat-up sedan. Growth stocks are those hot picks your uncle is always telling you to buy, skyrocketing to superstardom with no end in sight. On the other hand, value stocks are those old tried-and-true stocks, no hype, no fuss. So, which one is better for you? At Washington Wealth Advisors, we believe both can be a part of a healthy investment portfolio.

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FIDELITY: Understanding Money Market Funds

March 20, 2020 from Fidelity
Sharing some perspective from our Fidelity resources.  Knowledge is empowering and can support you in remaining focused on your goals.
"Understanding money market funds. Learn about the different types of money market funds."
Key takeaways:
  • There are several types of money market funds: government (including US Treasury), prime, and municipal.

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All Things Roth

By Todd Youngdahl, CFP®

Retirement planning is far from simple. While that may seem like a blatant understatement, it’s especially true when you start looking at all your options and try to determine what is right for you. Each of your many options has pros and cons, unique opportunities, and various fees. While you know you need to invest, it can be challenging to decide what the best choice is for you and your unique situation.

Today, we’re focusing on the Roth and the opportunities it can provide to investors.

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