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Investing

Traditonal v Roth IRA's

Submitted by Karp Financial Strategies on January 23rd, 2019

Traditional vs. Roth IRA’s

Perhaps both Traditional and Roth IRA’s can play a part in your retirement plans.

by

Jeffrey P. Kendall, CFP®

 

Choices.jpgIRA’s can be an important tool in your retirement savings belt, and whichever type you choose to open, could have a significant impact on how those accounts might grow, and how you might be taxed.

Per the IRS definition, an Individual Retirement Arrangement, or IRA as we know them, is a tax-favored personal savings account, which allows you to set aside money for retirement.  There are several different types of IRA’s, including traditional IRA’s and Roth IRA’s, which are the two most common.  Traditional IRA’s, created in 1974, are owned by roughly 35.1 million U.S. households.  While Roth IRA’s, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 24.9 million households.1

Both kinds of IRA’s share many similarities, and yet, each is quite different.  Let's take a closer look.

Tags:
  • Gen-X
  • Investing
  • IRA
  • Jeff Kendall
  • Personal Finance
  • Retirement Income
  • Retirement Planning
  • Roth IRA
  • Stock Market
  • Traditonal IRA
  • Read more

Street View The Fed and a Look Ahead

Submitted by Karp Financial Strategies on January 11th, 2019

Street View The Fed and a Look Ahead

LPL Research Chief Investment Strategist John Lynch offers his perspectives on the current challenges facing the markets, though he remains optimistic about U.S. economic growth prospects in 2019.

 

 

 

 

Tags:
  • Economy
  • Interest Rates
  • Investing
  • Jeff Kendall
  • Jeffrey Karp
  • LPL
  • LPL Financial
  • Personal Finance
  • Stock Market
  • The Fed
  • Read more

LPL Research Outlook 2019 - FUNDAMENTAL: How to Focus on What Really Matters in the Markets

Submitted by Karp Financial Strategies on January 2nd, 2019

LPL Research Outlook 2019

FUNDAMENTAL: How to Focus on What Really Matters in the Markets

 

LPL Research believes the following three themes will be key to the markets:

 

LPL 2019 Outlook.png

  • Sustaining growth via fiscal policy. We expect the ongoing impact of fiscal stimulus will be readily apparent in 2019 and that policy will continue to play an important role for the economy and financial markets—potentially extending the duration of the current business cycle.

 

  • Creating opportunity amid rising volatility. We believe any bouts of market volatility should be embraced—not feared—by suitable investors as an opportunity to rebalance portfolios toward targeted allocations.

 

  • Fundamentals in focus. Despite the market weakness we saw at the end of 2018, at LPL Research we expect the U.S. economy to grow in 2019 and support gains for stocks. Risks such as trade uncertainty, slowing global growth, and geopolitics do require careful monitoring, however, for their potential impact on the markets and economy.
Tags:
  • Economy
  • Financial Planning
  • Investing
  • Jeff Kendall
  • Jeffrey Karp
  • Personal Finance
  • Retirement Planning
  • Stock Market
  • Read more

Is Generation X Preparing Adequately for Retirement?

Submitted by Karp Financial Strategies on November 19th, 2018

Is Generation X Preparing Adequately for Retirement?

Future financial needs may be underestimated.

Provided by

Jeffrey P. Kendall, CFP®    

 

Gen X Retirement.jpgIf you were born during 1965-80, you belong to “Generation X.” Ten or twenty years ago, you may have thought of retirement as an event in the lives of your parents or grandparents; within the next 10-15 years, you will probably be thinking about how your own retirement will unfold.1 

According to the most recent annual retirement survey from the Transamerica Center for Retirement Studies, the average Gen-Xer has saved only about $72,000 for retirement. Hypothetically, how much would that $72,000 grow in a tax-deferred account returning 6% over 15 years, assuming ongoing monthly contributions of $500? According to the compound interest calculator at Investor.gov, the answer is $312,208. Across 20 years, the projection is $451,627.2,3

Should any Gen-Xer retire with less than $500,000? Today, people are urged to save $1 million (or more) for retirement; $1 million is being widely promoted as the new benchmark, especially for those retiring in an area with high costs of living. While a saver aged 38-53 may or may not be able to reach that goal by age 65, striving for it has definite merit.4

Tags:
  • Gen-X
  • Investing
  • Jeff Kendall
  • Personal Finance
  • Retirement Income
  • Retirement Planning
  • Retiring
  • Saving
  • Read more

LPL Research Midterm Perspectives

Submitted by Karp Financial Strategies on November 8th, 2018

LPL Research Midterm Perspectives

LPL Financial Chief Investment Strategist John Lynch shares thoughts on policy, market, and economic implications.

 

 

 

Tags:
  • Economy
  • Elections
  • Investing
  • Jeff Kendall
  • Jeffrey Karp
  • President
  • Stock Market
  • Read more

When a Windfall Comes your Way

Submitted by Karp Financial Strategies on October 8th, 2018

When a Windfall Comes Your Way

What do you do with big money?

Provided by

Jeffrey P. Kendall, CFP®

    

Gwindfall-rev.jpgetting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you address retirement saving or college funding anxieties, and it may also give you the opportunity to live and work on your terms. On the other hand, you’ll pay more taxes, attract more attention, and maybe even contend with jealousy or envy. You may also deal with grief or stress, as a lump sum may be linked to a death, a divorce, or a pension payout decision.

Tags:
  • Inheritance
  • Investing
  • Jeff Kendall
  • Lottery
  • Personal Finance
  • Retirement Planning
  • Read more

Rainy Days and Mondays...

Submitted by Karp Financial Strategies on September 5th, 2018

Rainy Days and Mondays…

Rainy Day Funds Can Come in Handy

By

Jeffrey P. Kendall, CFP®

RainyDaysampMondays_zpsa057f07f.jpg

 

Like those Monday mornings after a long weekend, no one wants to see a rainy day, otherwise known as an emergency.  But also like Mondays, emergencies are inevitable.  Life is expensive enough without those rainy days, and a little bad luck or a twist of fate can hit us right in the checkbook and challenge us to live within our budget.

An emergency reserves fund can help with major financial disruptions, which is why I have my clients sock away at least three months, and preferably six months, of living expenses, but for the minor ones, a rainy day fund might just do the trick.

Tags:
  • Gen-X
  • GenX
  • Investing
  • Jeff Kendall
  • Personal Finance
  • Read more

2018 Mid-Year Outlook: The Plot Thickens

Submitted by Karp Financial Strategies on July 18th, 2018

2018 Mid-Year Outlook

The Plot Thickens

by

LPL Financial Research

2018 Mid Year Outlook.jpg

The LPL Research team proudly presents the Midyear Outlook 2018: The Plot Thickens, with investment insights and market guidance covering the rest of the year.

LPL Research believes the following three themes will be key to the markets over the balance of 2018:

Tags:
  • Economy
  • Investing
  • Jeff Kendall
  • Jeffrey Karp
  • Personal Finance
  • Retirement Income
  • Retirement Planning
  • Stock Market
  • Read more

Where is your Focus-Return on life or return on investments?

Submitted by Karp Financial Strategies on July 3rd, 2018

Where is your Focus...

Return on Life or Return on Investments?

By Jeffrey R. Karp, CLU, ChFC, CASL®

Founder/President - Karp Financial Strategies, Inc.

focusreturn.jpg

One of the most difficult questions we ask our clients is “Why is money important to you?”  Most people react to the question with a look that says - What a ridiculous question (and you may have just had the same look).  Take a moment to be truthful and answer the question.  Here are some of the responses that we get: 1) Having money means I can pay the bills, 2) I can buy stuff I want, 3) I can leave money for my kids.  How did you answer?  Had you ever considered this question?

Tags:
  • buy happiness
  • Investing
  • Jeff Kendall
  • Jeffrey Karp
  • life planning
  • Permission Granted
  • Personal Finance
  • Retirement Income
  • Retirement Planning
  • Read more

Using a Roth IRA as a College Savings Tool

Submitted by Karp Financial Strategies on May 24th, 2018

Using a Roth IRA as a College Savings Tool

A tax-advantaged option too many families overlook.

Provided by

Jeffrey P Kendall, CFP®

 

At first glance, a Roth IRA might seem an unusual college savings vehicle. Upon further examination, it may look like a particularly smart choice.

College.jpeg

Tags:
  • College Planning
  • Gen-X
  • GenX
  • Investing
  • Jeff Kendall
  • Personal Finance
  • Roth IRA
  • Read more
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