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MONECO's Weekly Wealth of Knowledge - Week of 5/10/21

May 11, 2021

The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. With May being Eldercare month at MONECO Advisors, all month long we will be providing you content on surrounding some of the unique financial challenges facing our seniors today. Whether you are in your Golden Years or assisting someone who is, we are confident that you will find the information helpful.

In this issue:

    • What Is A Backdoor Roth IRA? (4 min read)
    • Infrastructure Plan - Income Taxes and Municipal Bonds (3 min read)
    • Current Wellness Trends in Senior Living (3 min read)

If you enjoy our Weekly Wealth of Knowledge, don't forget to check out our content on Facebook, Linkedin, and Twitter! This week we have our Senior Relationship Manager, Jose Vivero, introducing our latest content and events.

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What Is a Backdoor Roth IRA?

You may already know that contributing to a Roth individual retirement account (IRA) is off-limits for people with high annual incomes. If your earnings put Roth IRA contributions out of reach, a backdoor Roth IRA conversion is a great option that lets you enjoy the tax benefits of a Roth IRA. As always, we are here to help to see if it is right for your situation!

Click here to read full article

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Infrastructure Plan - Income taxes and Municipal Bonds

There is a lot of talk coming out of D.C. these days about the proposed infrastructure bill, that could no doubt impact many different areas of the economy. This week, we will look at three and how it could affect 1. higher income taxes, 2. taxable debt on municipal bonds, and 3. advanced refunding.

Click here to read full article

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Current Wellness Trends in Senior Living

Continuing with our theme of the month at MONECO being Eldercare and the unique financial challenges and opportunities that seniors face today, our last piece of content looks at some of the current wellness trends across the country. With seniors living longer and longer each year, wellness not only brings with it improved physical health, but also a renewed sense of purpose.

Click here to read full article

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