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What's Up At The WealthPlan - January 2021

January 31, 2021

Dear First Mates,

Hello everyone! New year. New episode. Please watch.

1) IRA Contributions
Let's get those retirement accounts funded for both 2020 and 2021! For both years, the IRA limit is $6k per person per year ($7k per year if you are over 50). For 2020 contributions, the deadline is 4/15/2021. 

2) Self-employed retirement plans*
With 2020 over, now is a good time to figure out how much you can put into your company retirement plan (e.g., solo 401k, SEP IRA). Typically, you have until the normal tax filing deadline of April 15th plus extensions to fund these types of plans.

3) Top 10 Stock Model
The Top 10 Stock model I manage for clients had an update with 10 new names. Please call me to learn more about this unique strategy.

4) Cash Management Offerings
Clients can now use Flourish Cash and Max My Interest to potentially earn higher interest rates than traditional banks.