💼 What Is a Roth 401(k)? 💼 While many are familiar with traditional 401(k) plans, Roth 401(k)s remain a mystery to some. Since January 1, 2006, employers have been offering Roth 401(k) plans, which combine features of 401(k) plans and Roth IRAs. 🌟 With a Roth 401(k), contributions are made with after-tax dollars—no tax deduction upfront, but qualifying withdrawals are tax-free, including any capital appreciation! 📈 🔍 What to Choose? Choosing between a Roth 401(k) and a traditional 401(k) often comes down to whether the upfront tax break of a traditional 401(k) outweighs the tax-free withdrawals of a Roth 401(k). Remember, this info is for educational purposes only. Consult your tax professional before making changes to your retirement strategy. 📝 🤝 Often, this isn’t an “all-or-nothing” decision. Many employers allow contributions to be split between a traditional 401(k) and a Roth 401(k), up to overall contribution limits. ✨ Considerations Roth 401(k) plans aren’t subject to income restrictions like Roth IRAs, which can benefit high-income individuals. To learn more, check out our blog! Link below! https://lnkd.in/gKRA38Y2 #Roth401k #RetirementPlanning #FinancialFreedom #InvestmentStrategy #TaxPlanning #LamppostPlanning 💰🔍
LampPost Planning
Financial Services
Oakland, California 8 followers
Objectively guide committed clients along a thoughtful, simple path to building wealth and knowledge.
About us
DBA Quality Life Insurance Agency. Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge Investment Research, Inc. is not affiliated with LampPost Planning or Gateway Financial Advisers, Inc. To receive the Five Star Wealth Manager award, individuals must satisfy a series of eligibility and evaluation criteria associated with wealth managers who provide services to clients. Recipients are identified through research conducted by industry peers and firms. Third party rankings and recognitions from rating services or publications are not indicative of past or future investment performance. For more information, go to www.fivestarprofessional.com Reviews on this site may or may not be by clients of the firm. No compensation is being provided for sharing of opinions and experiences on this site. The reviewer's comments may not be representative of any other person's experience and is no guarantee of future performance or success. Content provided via links to third party sites should not be considered an endorsement of third party content. We make no representation as to the completeness or accuracy of information provided on these websites.
- Website
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www.lamppostplanning.com
External link for LampPost Planning
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Oakland, California
- Type
- Self-Owned
- Founded
- 2009
Locations
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Primary
20 Knoll Ridge Way
Suite 2
Oakland, California 94619, US
Updates
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📱 How old is your phone? 🤔 Did you know that the majority of iPhone users have phones that are between 3 to 5 years old? 📊 When do these iPhone owners decide to upgrade? It's an interesting question! While it's hard to imagine iPhone users switching to a different operating system, we all know that in the tech world, you should “never say never!” 🌟 Upgrading your device can bring many benefits, from enhanced features to improved security. However, it’s all about finding the right time and making sure the upgrade aligns with your needs. Whether you're holding onto your trusty device or eyeing the latest model, staying informed is key. 🔑 #TechTalk #iPhoneLife #UpgradeTime #NeverSayNever #PhoneUpgrade #TechTrends #SmartphoneLife #GadgetLover #LamppostPlanning
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📜 4 Elements of an Estate Strategy 📜 Taking charge of life's important decisions starts with a solid estate strategy. Here are four key elements to consider: 1️⃣ Write a ""cheat sheet"" letter: This isn't a legal document, but it helps your beneficiaries locate important papers and understand your financial wishes. 2️⃣ Set up a living will: Also known as advance directives, living wills address your medical care preferences, including life-saving measures. 3️⃣ Think about a living trust: Created and funded by assets while you're alive, a living trust passes assets to a beneficiary after your death. 4️⃣ Establish Powers of Attorney: This allows someone to execute personal and legal matters on your behalf. A medical power of attorney designates who will make health care decisions for you in an emergency. Reviewing and updating your estate strategy is essential, especially after major life changes like marriage or divorce. To learn more, visit our blog. Link below! https://lnkd.in/gEVrW7Dc #EstatePlanning #FinancialStrategy #LamppostPlanning #EstateStrategy
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AI-powered cancer screening is revolutionizing early detection, but most of these services aren't covered by insurance yet. Important points to consider: 🤖 AI technology is making significant strides in improving cancer screening accuracy and early detection. Despite its potential, many AI cancer screening methods are not yet covered by insurance, posing financial challenges for patients. 🏥 The healthcare industry is at a crossroads, balancing innovation with accessibility and affordability. Staying informed about these developments can help you advocate for better healthcare solutions. #AICancerScreening #HealthcareInnovation #MedicalTechnology #InsuranceCoverage #PatientCare #HealthTrends
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Summer storms can cause significant flight delays and cancellations, impacting travelers nationwide. Key points to keep in mind: ⛈️ Severe summer storms lead to widespread flight disruptions. ✈️ Travelers should stay informed about their flight status and have a backup plan in place. 🧳 Knowing your passenger rights and options can help you navigate these challenges more smoothly. Being prepared can make all the difference in managing travel disruptions. Preparing a strategy for dealing with delays and cancellations can make a big difference in your holiday or business travel plans. #Travel #FlightDelays #Cancellations #SummerStorms #AirlineNews #TravelTips #PassengerRights
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Job openings are on the decline, signaling potential shifts in the economic landscape. Key insights to consider: ⭐ A decrease in job openings could indicate cooling labor market conditions. 📊 This trend may influence unemployment rates and overall economic stability. 💡 Understanding the interplay between job openings, inflation, and interest rates can help keep you more informed about the state of the economy. Staying updated on employment trends can be useful for making informed decisions. #JobOpenings #Unemployment #Economy #Inflation #InterestRates #EmploymentTrends #EconomicIndicators #FinancialPlanning
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🇺🇸 Happy Fourth of July from LampPost Planning! 🎇 Wishing everyone a day filled with joy, celebration, and reflection on the freedoms we cherish. Enjoy the fireworks and festivities! 🎆 #FourthOfJuly #IndependenceDay #LamppostPlanning #CelebrateFreedom
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💰 Understanding Money Market Funds 💰 A money market fund is a type of mutual fund that invests in cash equivalents and short-term debt-based securities, like U.S. Treasury Bonds. Designed for easy access and capital preservation, they're often used to hold cash or park funds temporarily. 🛡️ Safety First Money market funds are considered cash equivalents, offering stability and liquidity. Ideal for building an emergency fund, they help maintain liquidity in your portfolio. 📈 Asset Value Keep in mind, money market funds are not insured by the FDIC. While they aim to keep your investment at $1.00 a share, there is a risk of loss. Before investing, consider the charges, risks, and objectives carefully. Get a prospectus from your financial professional and read it thoroughly. Preserve capital and manage your portfolio with this low-risk investment choice! 💡 To learn more about market money funds, visit our blog. Link below! https://lnkd.in/gmXW56Fc #Investing #MoneyMarketFunds #FinancialPlanning #LampPostPlanning
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✨ July Personal Finance Calendar ✨ Take a moment to review your year so far and refresh those money skills! 📚 Add a personal finance, economics, or investing book to your summer reading list. Reflect on the last 6 months - what financial lessons can you carry forward for the rest of the year? 💡💰 https://lnkd.in/gYNaEXxf #FinancialGoals #SummerReading #MoneySkills #LampPostPlanning
Create A Personal Finance Calendar
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Why do renters need to save more than homeowners? 🤔 Unlike homeowners who build equity, renters face rising rents without investment returns or property value appreciation. Prioritizing savings is key for financial stability and reaching long-term goals. 💰🏠 #RentingVsHomeownership #FinancialPlanning #Savings #LampPostPlanning