Ritter Daniher Financial Advisory LLC

Welcoming a new addition to the family can be both exciting and expensive. Luckily, the IRA allows up to a $5,000 penality-free withdrawal from your IRA per parent for birth or adoption-related expenses. This benefit is available for one year from the child's birth or adoption date, helping to ease the financial burden of hospital fees, doctor's visits, and more. Discover other ways to leverage your IRA without penalty:  https://lnkd.in/gUBx6jDU Or reach out to us for more personal guidance: https://lnkd.in/gzR45JHG #FamilyPlanning #Adoption #NewParents #IRABenefits #FinancialPlanning

Planning for retirement can be complex, and unexpected life events might lead you to consider withdrawing from your IRA earlier than anticipated. Did you know that there are specific situations where you can avoid the 10% early withdrawal penalty? Our latest article, "7 Ways to Avoid the IRA Early Withdrawal Penalty," explores the scenarios where you can access your savings without the extra cost. Whether it's for a first-time home purchase, covering unreimbursed medical expenses, or navigating the challenges of a job loss, understanding these options is key to protecting your retirement funds. Want to learn more? Read the full article here:  https://lnkd.in/gSXJWqqa Need personalized advice? Connect with our team to discuss your retirement plan: https://lnkd.in/gtVfADWK #RetirementPlanning #IRA #FinancialAdvice #WealthManagement

Have you ever switched jobs and lost track of an old 401(k) or IRA? You might have a "forgotten" retirement account - money that's still yours but has slipped off your radar. With job changes becoming more frequent, it's easier than ever to lose sight of these accounts. Curious if you might have money waiting for you but not sure where to start? Read our latest blog article: https://lnkd.in/gtzBDbJx, or reach out to us so we can help you find and reclaim what's rightfully yours: https://lnkd.in/gzR45JHG. #RetirementPlanning #FinancialWellness #401k

Newlyweds, do you celebrate your financial milestones together? Reaching financial goals, no matter how small, is something to be proud of. Celebrating these successes together helps reinforce good habits and keeps you motivated as a team. Whether it's paying off debt, achieving a savings goal, or maintaining your budget for a few months, take a moment to acknowledge these accomplishments together. It strengthens your financial teamwork and makes the journey more rewarding. Explore our blog for more helpful insights: https://lnkd.in/gqN7aXjh Or sign up for our newsletter to stay informed: https://lnkd.in/gaRtP4DU #FinancialGoals #FinancialSecurity #Newlyweds #MoneyTips

It's wedding season, and marriage often marks a new chapter filled with joy, love, and shared dreams. One key to a successful partnership is managing your finances together. Financial issues are often cited as a major source of stress for couples, but with open communication and a solid plan, newlyweds can build a strong financial foundation and mitigate potential problems. Our latest article, "Essential Money Tips for Newlyweds," offers valuable insights and practical tips to help couples navigate their financial journey together, emphasizing that starting your married life with a strong financial foundation can lead to a happier, more secure future. Read the full article here: https://lnkd.in/gWzZGaZC #FinancialPlanning #Newlyweds #Marriage

Today is our 25th Anniversary! We want to say THANK YOU to all of our clients, professional colleagues and friends who have been with us along the way. We are honored to be part of the advisory team for so many people, and truly appreciate the trust and confidence that they have placed in us. We look forward to continuing in that role and expanding our team so we can serve additional families as we move into the next 25 years.

Considering a Move in Retirement? Retirement is an excellent time for a change of scenery, and relocating to a state with no income tax can significantly lower your overall tax burden. States like Florida, Texas, and Nevada do not have state income taxes, which means more of your retirement income stays in your pocket. Plan wisely to enjoy more financial freedom: https://lnkd.in/gk2Vjvbr Or find further insights on valuable financial planning topics: https://lnkd.in/ggte-KEN #RetirementPlanning #TaxSavings #Relocation #FinancialFreedom #WealthManagement

Are You Making the Most of Your Investment Accounts? Using both pre-tax (traditional IRA, 401k) and post-tax (Roth IRA, Roth 401k) investment accounts gives you more flexibility in managing your taxes. -Pre-tax investments lower your taxable income now but are taxed upon withdrawal. -Post-tax investments are taxed now but allow for tax-free withdrawals in retirement. This balanced approach can help you control your tax bracket and reduce overall taxes during retirement. Start planning today for a more financially secure future: https://lnkd.in/ggQfjqca Or sign up for our newsletter to stay informed: https://lnkd.in/gtG6JWrc #RetirementPlanning #Investing #TaxPlanning #FinancialSecurity

Are you prepared to manage your taxes in retirement? Understanding how taxes impact your retirement income is crucial for maximizing your savings and ensuring a comfortable future. Our latest article, "How to Minimize Your Taxes in Retirement," offers comprehensive tips on how to: -Evaluate your retirement income streams -Differentiate between pre-tax and post-tax investments -Invest in tax-efficient options -Consider relocating to tax-friendly states -Seek professional financial advice By implementing these strategies, you can keep more of your hard-earned money. Dive into our full article to learn more about managing your taxes effectively in retirement: https://lnkd.in/g4kAJMas #RetirementPlanning #TaxTips #FinancialAdvice #WealthManagement