Jeffrey Camerda
Author Archives: Jeffrey Camerda

Benefits of a Gold IRA

Gold and other precious metals are popular investments for many people. Common knowledge holds that gold is an inflation hedge and less volatile than other assets like equities. People who utilize an Individual Retirement Account (IRA) to save for retirement benefits from tax benefits. A gold IRA is a tax-advantaged account that allows investors to […]

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IRA vs. 401(k): Which one is better?

When it comes to investing for the future, the options available to the average American are many. A 401(k) plan and an Individual Retirement Account (IRA) are two of the most common alternatives. According to the Investment Company Institute, 401(k) plan assets will reach $6.7 trillion by the end of 2020. More so, the ICI […]

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What is a Solo 401(k) Plan?

Small company entrepreneurs who work for themselves may save money down in a tax-advantaged solo 401(k). Unlike huge corporate 401(k)s, solo 401(k)s are just for the business owner and their spouse. Both pre-tax and Roth contributions may be made and 401(k) account loans can be taken, similar to an employer-sponsored 401(k). A variety of investment […]

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Roth and Traditional IRA Contribution Limits for 2021 and 2022

Contributions to Roth and traditional IRAs are capped at $6,000 per year, or $7,000 if you’re 50 or older, in both the 2021 and 2022 tax years. The amount of money you may give and the expenses you can write off on your tax return may be limited. IMPORTANT THINGS TO KNOW In both traditional […]

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Advantages Of A Solo 401(k) for the Self-Employed

How Do I Open a Solo 401(k) Plan? Having a retirement savings plan and the associated tax advantages aren’t out of reach just because you’re self-employed, a freelancer, or an independent contractor. Self-employed individuals have the option of enrolling in a solo 401(k), which is also known as an independent 401(k). For those who are […]

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Vanguard IRA Rollover: 5 Things to Consider Before Making the Switch

Using a wide range of low-cost index mutual funds and exchange-traded funds (ETFs), Vanguard has become one of the most powerful investing firms in the world. Rolling over retirement assets from a 401(k) to an Individual Retirement Account (IRA) is also a popular option for those using Vanguard.  To entice investors, several investment firms, including […]

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Limits on Retirement Savings Contributions Increased Through 2022

The Internal Revenue Service (IRS) wants to increase Qualified Retirement Plan (QRP) contribution limits by $1,000 from $19,500 in 2022 to $20,500 for 401(k) plans, 403(b)s, and most 457 plans. Individual Retirement Account (IRA) contribution limits, on the other hand, will stay unchanged at $6,000 for both traditional and Roth IRAs. As a result of […]

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What Is a 401k Plan?

A 401(k) is a tax-advantaged retirement savings plan that is provided by many American workplaces.  A 401(k) participant agrees to have a portion of his or her salary deposited into an investment account each pay period. You may be able to get some or all of that money back from your employer. The employee has […]

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The Difference Between Qualified and Non-Qualified Distributions from a Roth IRA

Roth IRA withdrawals are very dependent on the precise moment they are made. No taxes or penalties will be owed when you withdraw your Roth IRA contributions. Roth contributions and profits may be withdrawn tax-free at the age of 59½ if the Roth account has been open for at least five years. There are penalties, […]

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The Top IRA Companies for Self-Directed IRAs

Investors in individual retirement accounts (IRAs) are increasingly flocking to self-directed IRAs (SDIRAs) in search of greater returns and more diversity. The reason for this is that SDIRAs enable clients to invest in assets other than the conventional stock, bond, ETF, and mutual fund investments that are available in a traditional IRA. SDIRA clients who […]

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Contributions to a Roth IRA: A Step-by-Step Guide

One of the best ways to save money for your retirement is by using the Roth Individual Retirement Account (IRA). This sort of retirement account, like its cousin, the traditional IRA, enables your assets to grow tax-free. Additionally, you can withdraw your contributions (but not your gains) at any moment without incurring any additional tax […]

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The Best Retirement Plans For Self-Employed Workers

Americans are enthusiastically participating in the Great Resignation, resigning from their employment in quest of greater compensation and a better work environment. Self-employment is becoming more popular. More than 10 million Americans, the largest number in 13 years, said they were self-employed in 2022, according to the Bureau of Labor Statistics (BLS). It’s hard to […]

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An Overview of the Rollover IRA

It’s possible to transfer money from 401(k)s and other employer-sponsored retirement plans into an IRA via a rollover IRA. When done appropriately, an IRA rollover retains the money’s tax-deferred status and does not impose taxes or penalties on early withdrawals. If you’re looking for cheap fees and a broad variety of investments, a rollover Individual […]

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SEP IRA: What Is It and How Do They Work?

SEP IRA: What Is It and  How Do They Work? SEP IRAs (Simplified Employee Pension IRAs) are conventional IRAs for small company owners and self-employed individuals. What is a SEP IRA? Basically, the first part- SEP stands for  Simplified Employee Pension. While IRA refers to  individual retirement account (IRA) Individual retirement accounts, such as SEP […]

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The Pros and Cons of Traditional and Roth Individual Retirement Accounts

Investments for workers who want to build long-term wealth include traditional individual retirement accounts (IRAs) and Roth Individual Retirement Accounts (IRAs).  However, the operation of these two accounts is distinct, with distinct benefits and drawbacks for each. The. Defined-benefit pension plans were on the decline when the IRA was developed decades ago. Individual Retirement Account […]

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How to Invest Your 401k in Cryptocurrency

How do you use your 401k to invest in cryptocurrency or bitcoin?  Firstly,  you need to convert your 401k into a Self-Directed IRA (Individual Retirement Account).  A 401k retirement account cannot be directly invested in cryptocurrency but a Self-Directed IRA can. Once you have switched over to the self-directed IRA you can go ahead and […]

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What are the benefits of investing in Bitcoin?

The bitcoin phenomenon has spawned collective insanity in the past decade. Cryptocurrencies are unpredictable. It’s difficult to predict whether they will serve as the global reserve currency or a store of value as popular as gold. Investing in bitcoin brings with it a chance to make massive profits, but some investors are wary about the […]

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What is a 401k?

A 401k is a retirement savings account that allows you to save money for your golden years. Contributions are made pre-tax, so you can lower your taxable income each year. The money grows tax-free and you can withdraw it without penalty once you reach the age of 59 and a half. A 401k is a […]

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Being Responsible with your Investments

Using Regal Assets and Being Responsible with Your Investments Trusting your money, investments and future to just anyone would be insanity. You want to be sure that responsible people, knowledgeable about investing as well as the particular type of investment you’re ready to make is just good common sense. You worked hard for those investment […]

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Investment Advisors in Florida

Millions of people worldwide depend on investment advisors to help them achieve their financial goals, however, not all asset advisers are genuine and in line with your personal interests. Some are only after their own personal gains but in the regulated financial advisory sector you will find some of the best and most trustworthy wealth […]

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©2010 - 2022 - All Rights Reserved.
Jeffery Camarada PhD CFP
The Wealth Builder Club
4600 Touchton Rd., Bldg. 100
Suite 150,
Jacksonville,
FL 32246
t: +1-800-262-1083
e: [email protected]