By J.P. Dahdah, Founder & CEO of Vantage The basics of required minimum distributions are straightforward Each year IRA holders aged 72 and up must take out a percentage of their total IRA assets based on their life expectancy. The percentage increases every year. If you don’t take out the correct amount, the IRS penalizes you. Preparing to take your…
When Getting Laid Off, Pays Off Losing or leaving a job can feel risky. You may not know what your next career move is going to be, and you may worry about how this change is going to impact your financial future. But when it comes to your 401(k), this time of transition may be the perfect opportunity to consider…
By J.P. Dahdah, Founder & CEO of Vantage Millions of people have been laid off during the coronavirus pandemic, bringing the United States to its highest unemployment rate since the Great Depression While economists expect the high unemployment rate to be short-lived, if you are among those that received a pink slip from your employer, you may be wondering what…
Are You Dreading Tax Season? For this episode of VBytes, we brought in tax expert Elizabeth Hale for a Q&A session with our CEO, J.P. Dahdah. Not only is Elizabeth a CPA – she’s also a Vantage client! In this video, Elizabeth provides a unique perspective on investing and its tax implications including: Common misconceptions around Self-Directed IRAs (1:58) Why…
By J.P. Dahdah, Founder & CEO of Vantage Every tax season, Americans are encouraged to maximize their annual IRA contributions by the tax filing deadline. This message is both a tax tip and a retirement planning tip. The tax tip is to lower your tax bill based on the deductible benefit of IRA contributions. And the retirement planning tip is…
By J.P. Dahdah, Founder & CEO of Vantage New Year, New Investment Strategy: 3 Questions to Ask Yourself About Your IRA Millions of Americans made investment choices pre-pandemic which, given the multitude of changes that have transpired and continue to take place, should be re-evaluated. Especially since IRAs and 401(k)s are commonly treated as a “set it and forget it”…