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20th Anniversary of the Roth IRA

1/17/2018 4:16:04 PM by Morgan Wendlandt Edited for Chuck Price Leave a Comment
Member of Ed Slott's Elite IRA Advisor GroupSM Acknowledges Milestone by Offering Insight to The Pacific Northwest Retirement Savers & Investors

This January marks the 20th anniversary of the Roth IRA. First made available to American investors in January of 1998, a Roth IRA is an individual retirement account that is funded with after-tax dollars and provides tax-free growth and income for retirement. In honor of this significant milestone, Chuck Price, President of Price Financial Group Wealth Management, Inc. is spreading the word about the benefits of this retirement savings vehicle.

"The 20th anniversary of the Roth IRA serves as a good reminder to examine why this type of retirement account might be right for you," said Price. "There are several benefits that come with a Roth IRA, including tax-free growth and distributions in retirement. Someone who may have saved a million dollars in their traditional IRA may only see half of that amount after they pay income taxes. The beauty of the Roth IRA is that it allows you to contribute after-tax dollars, which can help you avoid a tax time bomb in retirement."

"I am a big proponent of Roth IRAs, as contributions today lead to tax-free money in retirement, when you need it most," said Ed Slott, CPA, founder of Ed Slott and Company and a nationally-recognized IRA expert who was named "The Best Source for IRA Advice" by The Wall Street Journal. "Unfortunately, the rules surrounding these retirement accounts are as confusing as ever, so it is important to work with someone who specializes in them."

Price is a member of Ed Slott's Elite IRA Advisor Group℠, an exclusive membership group dedicated to the mastery of advanced retirement account and tax planning laws and strategies. Members of Ed Slott's Elite IRA Advisor GroupSM attend semiannual live training events and have year-round access to Ed Slott and Company's team of retirement experts for consultation on advanced planning topics.

To determine whether a Roth conversion is right for you, it may be beneficial to work with a financial professional who receives specialized training in the 'second half' of the retirement game, the distribution phase. "As a member of Ed Slott's Elite IRA Advisor GroupSM, I take pride in knowing that I am up to speed on the latest retirement strategies and able to provide my clients with the help they need to plan for a successful retirement," said Price.

"Over the last 20 years, a lot has changed for Roth IRAs," said Slott. "With ever-changing laws, including Congress's recent decision to eliminate Roth recharacterizations, it is more important than ever for financial professionals to receive ongoing training. I commend Price for prioritizing his education and taking the necessary steps to understand the intricacies of retirement accounts and the tax laws that impact them."

ABOUT ED SLOTT AND COMPANY, LLC: Ed Slott and Company, LLC is the nation's leading provider of technical IRA education for financial advisors, CPAs and attorneys. Ed Slott's Elite IRA Advisor GroupSM is comprised of nearly 400 of the nation's top financial professionals who are dedicated to the mastery of advanced retirement account and tax planning laws and strategies. Slott is a nationally-recognized IRA distribution expert, bestselling author and professional speaker. He has hosted several public television specials, including his latest, "Retire Safe & Secure! With Ed Slott." Visit for more information.

ABOUT PRICE FINANCIAL GROUP WEALTH MANAGEMENT: Chuck Price, also known as the Financial Doctor, understands the serious consequences that can happen when people receive biased advice. For this reason, he founded Price Financial Group Wealth Management, Inc., a registered investment advisor firm to legally and ethically act in a fiduciary capacity when it comes to providing unbiased financial advice. In fact, he's been dedicated to this goal for over 45 years.

The financial environment is an ever changing place, and Chuck knows that his clients depend on him to stay educated and informed on the best possible strategies for them. Because of this Chuck has earned several certifications, including CSA, CRFA! He also is a member of the Financial Planners Association (FPA) and belongs to several National Elite Advisor Groups, such as Ed Slott's Elite Advisor Group and a Member of the Harry Dent Research Advisor Network. He also maintains his commitment to honest and upfront business practices with his membership with the National Ethics Association.

Chuck is an author of the book "Investing Simplified" and just released best Seller "YOUR RETIREMENT MADE SIMPLE" which is available on (click here,)! Chuck is featured financial expert on Local Radio and his own radio show "Investing Simplified" is on 9 different local radio stations the schedule is on and is live every Saturday morning at 8 am.

If, you are headed into retirement, or are already there and concerned that you aren't getting the most out of your money, Price Financial Group Wealth Management invites you to have a conversation. After all, "What YOU don't know can HURT YOU", contact Chuck and his team to find out what it means to make Investing Simplified® call 503.253.3000.


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