“If you don’t know where you’re going, you’re not going to get there,” Rob Burnette, financial adviser and chief executive of Outlook Financial Group.
Rob Burnette, financial advisor and professional tax preparer at Outlook Financial Center, also uses FIAs, considering it a conservative way to create growth while protecting downside.
“We use this rule every day,” says Rob Burnette, a CEO and investment advisor representative with Outlook Financial Center.
A self-directed IRA is a type of traditional or Roth IRA, meaning it allows you to save for retirement on a tax-advantaged basis and has a contribution limit in 2023 of $6,500, or $7,500 for people age 50 and older, says Lori Gross, financial and investment advisor at Outlook Financial Center.
"Ninety (years) covers the vast majority of people,” Rob Burnette, chief executive, financial adviser and professional tax preparer at Outlook Financial Center in Troy, Ohio, said.
“Retirement income is normally taxed as ordinary income at the federal level, just like when you are working and receiving a W-2,” says Rob Burnette, CEO, financial advisor and professional tax preparer at Outlook Financial Center.