Jeffrey Camerda
Author Archives: Jeffrey Camerda

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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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 Roth contributions and profits may be withdrawn tax-free at the age of 59½ if the Roth account has been open for at least five years.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 repercussions, […]

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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 regular IRA. SDIRA clients who […]

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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 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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Jeffery Camarada PhD CFP
The Wealth Builder Club
4600 Touchton Rd., Bldg. 100
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FL 32246
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