There’s a lot of lingo in financial services, just as there can be in many other technical industries.
Here are simple explanations of a few terms that people find confusing:
Many people confuse a Roth IRA conversion with a Roth IRA contribution. The two are very different.
The conversion happens when you take all that pre-tax money you’ve been contributing to your retirement account and move it into a Roth IRA. You’ll pay income taxes immediately on the money you transfer but it can grow tax-free from that point forward. You can convert as little or as much money as you’d like. There’s no cap…for now, at least. There’s talk on Capitol Hill about eliminating or capping conversions so it may be smart to act now while the opportunity still exists.
We’re happy to help you determine if a conversion is in your best interest. Just contact us and we’ll set up an appointment.
Have you heard this word used to describe a financial advisor but didn’t know what it meant? A fiduciary is a professional who is obligated to make decisions that are in the best interest of their client regardless of how much the fiduciary is being compensated. To be clear, an advisor doesn’t haven’t be a fiduciary to do a good job for you, but it’s important to know whether they are one. Everyone in our office who meets with clients is a fiduciary.
In the world of financial services, ignorance is not bliss. We want all Johnson Brunetti clients to know what they’re investing in and why. So, please ask us for definitions and explanations of terms or concepts you don’t understand. We’re happy to help.
“We always felt our financial needs were in very capable hands. Alex Angst is great to work with. Our advisor always made us feel he had our best interests at heart and explained things so we could understand them.”
“We’ve been clients of Johnson-Brunetti for > 10 years. We’re enjoying a comfortable retirement as a result. Many thanks to Joel and our CFP, Eric Hogarth. I wish we had plugged into this decade approach back when we were in our 30s.”
“Working with Johnson Brunetti has had a positive impact on my life by providing me with the knowledge, confidence, and peace of mind to move forward with my retirement plans. The process of getting to this point, through their guidance, has been informative and pleasurable.”
“I view your company as one that puts my interests first. I think that is very uncommon and very refreshing. “
“Matt does an awesome job! So easy to understand and he listens to our concerns and addresses them! happy I chose your firm!”
“I have been pleased with the help and service I have received from the company. I have met several team members on Eric’s team and have found all of them very well prepared to meet with me when reviewing my portfolio. I always feel that I am an important customer and appreciate that very much. I hope the firm continues to focus on the customer and maintains its great service. I think you do a great job for someone like me!!!! I’m happy I chose your firm!”
Investment Advisory Services offered through JB Capital, LLC.
Insurance Products offered through JN Financial, LLC.
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JB Capital LLC is a federally registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. Information presented is for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.
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