Roth IRAs have been around since 1998, so you’ve surely heard about them. But you may not know whether or not a Roth IRA is a smart option for you. There are several reasons to consider a Roth IRA as a tax-advantaged vehicle for your retirement savings. Here are a few.

Unlike a traditional IRA, there is no tax deduction for Roth IRA contributions, but withdrawals of earnings are tax-free.

By R. Todd Holden | Wealth Advisor
Northwest Financial Advisors

Can you imagine a trillion dollars? I cannot. Trust me, I’ve tried.

Imagining a billion dollars is easy. It’s a million dollars a thousand times over. When the Power Ball reaches a billion dollars every now and then, I think about it. An apartment in New York City, a flat in Prague (beautiful place), a beach house, nice boat, a private foundation and some really large investment accounts — this is all within the realm of imagination to me.

By R. Todd Holden | Wealth Advisor
Northwest Financial Advisors

There are things in life that have value, but on which we cannot put a price.

In 2013, it was time to replace the original aluminum siding on the house. Being somewhat thrifty by nature (some would say cheap), I wanted to install vinyl siding which is what all our neighbors had done. My wife, who did not always appreciate my thrifty ways, wanted to use Hardie^® board, a cement-based siding that looked nicer than vinyl. This was going to cost an extra $10,000.