RMR Wealth Management Blog

Commodity Update by Ryan C. Rogers

RMR Wealth Management - Thursday, February 23, 2012
WTI Crude Oil Future above 108 (NYMEX-USD)

Market Update by Ryan C. Rogers

RMR Wealth Management - Thursday, February 23, 2012

Close 2/23/2012

 

Index Value Daily Change (Value) Daily Change (%)

Dow Jones Industrial Avg.

12,984.69

+46.02

+0.36
S&P 500 1,363.46

+5.80

+0.43

Nasdaq Composite 2,956.98 +23.81

+0.81

Market Update by Ryan C. Rogers

RMR Wealth Management - Wednesday, February 22, 2012
Close 2/22/2012

Index Value Daily Change (Value) Daily Change (%)

Dow Jones Industrial Avg.

12,938.67

-27.02

-0.21
S&P 500 1,357.66

-4.55

-0.33
Nasdaq Composite 2,933.17 -15.40

-0.52

Market Update by Ryan C. Rogers

RMR Wealth Management - Tuesday, February 21, 2012
Close 2/21/2012

 

Index Value Daily Change (Value) Daily Change (%)

Dow Jones Industrial Avg.

12,965.69

+15.82

+0.12
S&P 500 1,362.21

+0.98

+0.07
Nasdaq Composite 2,948.57 -3.21

-0.11

Retire Comfortably and Remain Comfortably Retired

RMR Wealth Management - Monday, February 20, 2012
Do you know how much you need to retire comfortably and remain comfortably retired?  With so many options, how do you know which one is right for you?  What does your retirement plan look like?  It is tax season, the time of year individuals are looking to minimize taxes.  Every year you have the opportunity to contribute to a retirement plan.  Considering the prevailing economic conditions, we can’t rely on social security, pensions, etc… In order to keep the same lifestyle in retirement you need to save 20-25% of your income.

Traditional IRA
-    $5,000 maximum contribution
-    Pre-tax dollars
-    Eligible contributions are deductible and grow tax deferred; taxes paid upon distribution
-    Catch-up contribution of $1,000 ($6,000 Total) for individuals, age 50 and older.
-    No loans available
-    RMD (Required Minimum Distribution) at age 70 ½ ; cannot make any contributions at age 70 ½ or older

Roth IRA
-    $5,000 maximum contribution
-    After-tax dollars
-    Eligible contributions grow tax deferred; tax free distributions
-    Catch-up contributions of $1,000 for individuals, age 50 and older
-    No loans available
-    NO RMD’s required; you can make contributions after you reach age 70 ½


Plans for Self Employed Individuals and Owners:

SEP IRA (Simplified Employee Pension)
-    $49,000(2011) $50,000(2012) maximum contribution or 25% of your net income
-    Pre-tax dollars
-    Eligible contributions are deductible and grow tax deferred; taxes paid upon distribution
-    No catch-up contributions available
-    No loans available
-    Complete form 5305-SEP

Individual (k)
-    $50,000 (2012) maximum contribution
-    Pre-tax dollars
-    Eligible contributions are deductible and grow tax deferred; taxes paid upon distribution
-    Catch-up contributions of $5,500 for individuals, age 50 and older
-    Access to loans

Difference Between SEP IRA & Individual (k) Contributions

Maximum Total Contributions? (*1)            
                    
Business Net Profits     $50,000     $100,000     $150,000     
SEP IRA        $9,294     $18,587     $28,389     
Individual (k) (*2)        $25,793     $35,587     $44,773     
                    
*1 Maximum contribution amounts assume an individual is not participating in other retirement plans
*2 Individual (k) contribution limits are %5,500 higher if you are over 50 years of age

Single Defined Benefit
-    Ideal for individuals who wish to contribute more than the maximum allowed in an Individual (k) for at least a few years
-    Maximum contributions up to $195,000 for 2011 ($200,000 2012)
-    Pre-tax dollars
-    Contributions are calculated by an actuary based on the benefit you set and other factors (your age, net income, expected returns on plan investments, etc.)

Experts say only 22% of retirees have an income plan.
-    78% have no plan
-    11% established a plan before retirement
-    11% created a plan when retired

Are you ready for retirement?  Having the right retirement plan is critical for any long term plan.  What are the advantages/disadvantages of each retirement structure?  Which one is right for you?  Please contact me to go over all of your options.  Don’t be in the category of the 78% of Americans.  Be Proactive, Get Educated!

Call RMR Wealth Management today to schedule a retirement reality check.

“Retire Comfortably and Remain Comfortably Retired”

Market Update by Ryan C. Rogers

RMR Wealth Management - Friday, February 17, 2012

Close 2/17/2012

 

Index Value Daily Change (Value) Daily Change (%)

Dow Jones Industrial Avg.

12,949.87

+45.79

+0.35
S&P 500 1,361.23

+3.19

+0.23
Nasdaq Composite 2,951.78 -8.07

-0.27

Market Update by Ryan C. Rogers

RMR Wealth Management - Thursday, February 16, 2012

Close 2/16/2012

 

Index Value Daily Change (Value) Daily Change (%)

Dow Jones Industrial Avg.

12,904.08

+123.13

+0.96
S&P 500 1,358.05

+14.82

+1.10
Nasdaq Composite 2,959.85 +44.02

+1.51

Market Update by Ryan C. Rogers

RMR Wealth Management - Wednesday, February 15, 2012

Close 2/15/2012

 

Index Value Daily Change (Value) Daily Change (%)

Dow Jones Industrial Avg.

12,780.95

-97.33

-0.76
S&P 500 1,343.23

-7.27

-0.54
Nasdaq Composite 2,915.83 -16.00

-0.55

Market Update by Ryan C. Rogers

RMR Wealth Management - Tuesday, February 14, 2012

Close 2/14/2012

 

Index Value Daily Change (Value) Daily Change (%)

Dow Jones Industrial Avg.

12,878.28

+4.24

+0.03
S&P 500 1,350.50

-1.27

-0.09
Nasdaq Composite 2,931.83 +0.44

+0.01

Market Update by Ryan C. Rogers

RMR Wealth Management - Monday, February 13, 2012

Close 2/13/2012

 

Index Value Daily Change (Value) Daily Change (%)

Dow Jones Industrial Avg.

12,874.04

+72.81

+0.57
S&P 500 1,351.77

+9.13

+0.68
Nasdaq Composite 2,931.39 +27.51

+0.95


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    Securities offered through Dinosaur Securities, LLC a member of FINRA, SIPC & NFA.