The Bad Days are Only Temporary Market Update
July 18, 2022July 12, 2022
Mike Rogers, President, and founder of 360 Financial, reminds us that the bad days are only temporary. We cannot control everything, like the market volatility we are experiencing today. We continue to read negative headlines from the news, making it difficult to stay positive. Is there a silver lining? Mike will reiterate that we can control our actions. Don’t make a fear-driven mistake. If you have a LifeWealth plan, it accounts for the market volatility that we are witnessing today.
As you watch, if you have any specific questions or concerns, please don’t hesitate to reach out to our team!
Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA. LPL Financial does not provide tax advice. Clients should consult with their personal tax advisors regarding the tax consequences of investing.