KameBusiness

Financial Planner Darcy Bergen Recently Discussed Traditional IRA Rules You Need to Know

Monday, December 13, 2021, 5:38 PM

Financial planner Darcy Bergen recently discussed Traditional IRA rules you need to know. 

PEORIA, AZ / DEC. 13, 2021 / Experts suggest saving for retirement as early in life as possible. However, it can be difficult to begin saving for retirement if you don’t fully understand your options. Financial planner Darcy Bergen recently discussed the rules you’ll want to know when contributing to a Traditional IRA.

What Is an IRA?

Bergen began by explaining that an IRA is a personal retirement account. An individual can make a pre-tax contribution, and that contribution grows over time tax-deferred. The individual then pays income tax on withdrawals made from the traditional IRA.

“There are many benefits to a Traditional IRA,” Darcy Bergen said. “These include cutting your tax bill, saving from retirement, and having many investment opportunities to choose from. A qualified financial planner can help you determine if an IRA is a good retirement option for you.”

Traditional IRA Rules

Several rules apply to Traditional IRAs. There are contribution limits per year of $6,000 in 2021, and $7,000 in 2022 for individuals 50 or older. These contribution limits remain the same, even if you’re also contributing to a 401(k) or another workplace savings plan. Contributions to an IRA can be made by transferring money from another retirement account.

Traditional IRAs are not taxed until you begin using the money. Early withdrawals are taxed as income and include a 10 percent penalty fee. Withdrawals in retirement are simply taxed as income. 

Additional Traditional IRA rules include:

  • You can take distributions without penalty beginning at age 59 1/2. 
  • You can wait to take distributions from your Traditional IRA, but must begin taking distributions once you reach 70 1/2 or 72, depending on when you were born.
  • Everyone is eligible for a Traditional IRA. 

Benefits a Traditional IRA

There are several benefits of choosing a Traditional IRA over other retirement account options. One of these advantages is that there are no income limits to open or contribute to a Traditional IRA. 

Traditional IRAs grow tax-deferred. This means you pay taxes later than with a standard brokerage account. Another major benefit of a Traditional IRA is that you can use the money to pay for some college expenses without paying a penalty for withdrawing early. However, it’s important to remember that you’ll pay taxes on that withdrawal.

Up to $10,000 of a Traditional IRA can be put toward the purchase of your first home. Similar to the above-mentioned college expenses, you’ll pay taxes on the distribution you take for the home. However, a penalty fee will not be applied. 

Traditional IRA Cons

Bergen explained that a Traditional IRA may not be ideal for everyone, especially those who want to take their money out of the Traditional IRA early. Those who take distributions before age 59 1/2, incur an additional 10 percent penalty fee.

Some individuals also see the need to take minimum distributions out of the IRA at age 72 as a disadvantage. Minimum distributions are not required with a Roth IRA. 

Some workplace retirement plans also alter the ability to deduct Traditional IRA contributions. Higher-income individuals may lose the ability to deduct Traditional IRA contributions.

Contact Darcy Bergen

Darcy Bergen of Bergen Financial has been helping individuals plan for retirement for decades. He suggested making an appointment with a qualified financial planner to discuss which retirement planning options are best for you. 

Investment advisory and financial planning services offered through Simplicity Wealth, LLC, a Registered Investment Advisor. Sub-advisory services are provided by Advisory Alpha, LLC, a Registered Investment Advisor. Insurance, Consulting and Education services offered through Bergen Financial Group. Bergen Financial Group is a separate and unaffiliated entity from Simplicity Wealth and Advisory Alpha.

KameSports

DAVID N’GOG: LIVERPOOL TROPHY HAUL REVEALED

French striker David N’Gog came to Liverpool with a lot of potentials on the back of his transfer from Paris Saint Germain (PSG). He had started his professional career at PSG on the back of his impressive youth career at the same club. David N’Gog moved to Liverpool in 2008 after they paid an undisclosed fee for him and on the back of a run of one goal in 18 league appearances in the colours of PSG.

Then Liverpool manager Rafael Benitez hailed his signing when David N’Gog completed his transfer to Anfield. The Spaniard was delighted with his scouting network for finding a quality player who’s not accompanied with a high price. Liverpool fans would have been excited with the statement from Benitez who had won the 2005 Champions League title and the 2006 FA Cup title for the club at that stage. However, their excitement was replaced by disappointment as David N’Gog failed to make a big impact with the Reds though it must be noted that the Frenchman had a little playing time to show his quality in the Premier League due to the form of Fernando Torres who was one of the best strikers in the world at the time.

In total, N’Gog scored nine goals in 63 league games for Liverpool over a period of three years. The Frenchman didn’t win a single trophy during his time at the club.

N’Gog made the decision to leave Liverpool in search of more playing time after Torres left for Premier League rivals Chelsea in January 2011 for a then club-record fee of £50m. Torres’ exit plus the arrival of the striker duo of Luis Suarez and Andy Carroll led to N’Gog moving to Bolton Wanderers. He continued his career at Bolton on the back of a £4m transfer from the Reds.

KameSports

ARSENAL: DIABY TROPHY RECORD DISCLOSED

Frenchman Abou Diaby scored 14 goals in 124 Premier League games during his eight-year spell as an Arsenal player. Diaby could have played more league games if not for the various injuries that affected his output as an Arsenal player. Abou Diaby was dubbed the next Patrick Vieira when he left Auxerre to join the Gunners in January 2006. However, the trajectory of his Arsenal career changed when he was on the end of a poor tackle from Dan Smith during the league win over hosts Sunderland. That tackle led to a series of various injuries throughout his stay in North London.

Abou Diaby was rarely in the Arsenal during the latter years of his career at the club, but he still managed to win the FA Cup title. As a matter of fact, he won the FA Cup in his last season as an Arsenal player as the club was able to end their nine-year wait for a major trophy. The trophy drought came to an end thanks to the comeback win over Hull City in the final.

French international Abou Diaby missed out on the final against the Tigers who stunned the iconic Wembley Stadium by scoring twice inside the first ten minutes. The goals came from the centre back duo of James Chester and Curtis Davies as the Gunners failed to deal with the aerial prowess of their opponents.

Arsenal were given a lifeline when petite Spanish international Santi Cazorla scored a freekick on 17 minutes to pull a goal back for his team. The North Londoners chased the equaliser until the 71st minute when an unlikely source in Frenchman Laurent Koscielny got it for his team. The two teams had to go into extra time after sharing four goals in 90 minutes. In the end, Welshman Aaron Ramsey scored the winning goal in the second half of extra time to give the Gunners the FA Cup title via a 3-2 win.

In addition tothe FA Cup title, Abou Diaby could have won the 2006/07 League Cup title. He featured in the final as Arsenal lost a lead to lose 2-1 to Chelsea.

KameSports

PREMIER LEAGUE: CECH PREDICTS TITLE RACE

Chelsea legend Petr Cech has predicted the Premier League title race in a chat with TalkSPORT. According to him, the Premier League title won’t be a two-horse race, referring to Chelsea and defending  champions Manchester City. The likes of West Ham United and Liverpool have also impressed in the league this season.

Petr Cech has been impressed with the start made by Chelsea this season. He also praised the coaching crew and how they have been able to take the team to the Premier League summit despite the lack of a quality pre-season.

Ex-Chelsea goalkeeper Petr Cech also touched on the Burnley game on Saturday and how they were lucky to leave Stamford Bridge with a point. The Czech football legend expressed his happiness with the quality of football played against the Clarets and that Chelsea were unlucky not to pick up the three points that would have extended their lead at the summit to five points.

Petr Cech is the performance and technical director at Chelsea and he has been in the role for two years and counting.

Chelsea began the Burnley game with a two-point lead over rivals and defending champions Manchester City in second place. Manchester City had beaten Manchester United 2-0 away from home in the derby thanks to the goals from Eric Bailly (own goal) and Bernardo Silva to close the gap on the Blues to two points. Chelsea had five more points than Manchester City ahead of the last round of games.

With the 1-1 home draw with Burnley, Chelsea were unable to stretch their advantage over City to five points. The Blues took the lead through German national team star Kai Havertzin the first half and they wasted several opportunities to add to their lone goal, before substitute Matej Vydra scored in the last eleven (11) minutes to rescue a point for the Clarets.

KameSports

RICE PULLS OUT OF ENGLAND SQUAD

West Ham United midfielder Declan Rice won’t be available for the England gamesduring the current international break after he pulled out of the squad due to illness.

The England squad has been rocked with several withdrawals ahead of the Qatar 2022 World Cup qualifying games against Albania and San Marino.

While Rice has pulled out of the squad for the two aforementioned matches, the availability of Chelsea star Mason Mount is still in doubt after dental surgery. Mount underwent dental surgery earlier this week and it has not been decided if he would link up with his national team colleagues.

England manager Gareth Southgate has not called up a replacement for West Ham Unitedstar Rice. Crystal Palace midfielder Conor Gallagher is the obvious candidate if Southgate decides to invite a replacement for Rice. However, Gallagher is expected to start for the England u-21 team against Czech Republic in a qualifier scheduled to take place at the Turf Moor on Thursday evening. Gallagher is on a season-long loan deal at Crystal Palace from Chelsea having joined the Eagles at the start of the season. He has four goals and two assists in the Premier League this season. His form has propelled Palace into the top half of the league table

Apart from Rice, the trio of James Ward-Prowse, Luke Shaw and Marcus Rashford will also miss the England games.

Southampton midfielder Ward-Prowse has pulled out of the England games due to illness. For Manchester United left-back Shaw, the England games will come too soon for him after he suffered concussion while he was in action for his team during the Manchester Derby on Saturday.Manchester United attacker Rashford will also miss the England games ahead of the World Cup qualifiers as heconcentrates on getting back to full fitness after recent shoulder surgery.

KameNews

Nils Larsen Manager: Avoiding Financial Planning Problems and Mistakes

Nils Larsen Manager has watched far too many people make simple mistakes that impact their financial development. These concerns are troubling and often come out of a lack of knowledge. Thankfully, he can provide the education that people need to avoid making severe financial errors.

How Nils Larsen Manager Avoids Financial Mistakes

The first mistake that Nils Larsen Manager sees far too many people make is believing that it’s too early to start creating a financial portfolio. They may not think that they have enough money to start or feel they have plenty of time to get going. That mistake is one reason why so many people have no retirement budget or plan. It’s never too early to start working with a financial expert to plan your future.

Don’t make that mistake! Instead, he suggests creating a budget that limits your spending and allows you to start saving. Of course, any savings is better than nothing, especially if you’re putting it in a savings account or matching 401(k). Even an IRA is better than spending your money too soon, so be careful about how you finish. Have fun, of course, but don’t go overboard with it.

Another common mistake is not diversifying your portfolio enough or investing in just one thing. Nils Larsen Manager knows far too many clients who focused just on a 401(k) or Roth IRA and ended up losing their money when the stock market tumbled. This kind of up and down can be upsetting to your financial and mental health and can be avoided by diversifying your portfolio appropriately.

Make reasonable goals with your diversification and your plans. For example, having around $500,000 in a 401(k) may seem fantastic when you retire at 65. But if you end up living into your 90s, that money could be running out, and you may be in a dangerous situation. So don’t put all your eggs in one basket! Instead, expand your investments and find more than just a retirement package like this to save your cash.

Another major mistake that Nils Larsen Manager sees people make is not planning for health emergencies or expecting to handle this planning themselves. Unfortunately, health emergencies happen and can be unpredictable when they do. Many people may find themselves in a tough financial spot and have a hard time digging their way out if they didn’t correctly plan.

A good rule of thumb is to save at least 10% of your cash towards potential health emergencies. Set up a medical savings account and funnel some of your income here. This account is not taxed, lets you use the money for emergencies, and is an excellent addition to your portfolio. Unfortunately, too few people understand this potential benefit and end up struggling to pay for medical bills due to this mistake.

KameAuto

Just How Old Classic Cars Differ From Their Modern Counterparts Today

Both contemporary as well as classic automobiles are wonderful. They have distinctive distinctions that set them apart. While contemporary automobile enthusiasts enjoy the sophisticated gadgets that feature new designs, vintage cars are special. They stick out and also their originality attracts appreciation. Below are a couple of ways that old vintage cars may be different from contemporary ones.

1. Modern technology

The major difference in between modern and classic automobiles is with technology. Modern vehicles clearly make use of the current technology. It is the major reason that some may favor modern cars and trucks over old classics.

Cars made in the past couple of years are highly sophisticated. Even though there are various producers, every one of them attempt to integrate different functions to promote security, convenience, as well as ease. Emergency braking as well as automatic headlights are simply several of the features that make your flight smoother.

With classic automobiles, nevertheless, whatever is manual. There is minimal reliance on modern technology. Vintage cars are fantastic for vehicle drivers who take pleasure in driving manual transmission lorries. You can add high-tech devices to old vintage cars if you desire some ease without compromising the vintage feel and look. Usual tech gizmos that are contributed to classic cars consist of back-up cams, vehicle parking sensing units, and also auto electronics.

2. Performance and Effectiveness

Vehicle engines have developed considerably as well as old classics can not supply what modern-day vehicles do. Despite the fact that the general principle is the same, many modifications have actually been made to promote gas effectiveness as well as engine power. Despite the fact that there are lots of distinctions in between diesel and also gas engines, the primary one is with efficiency and also just how explosions occur. Gas engines have lower gas economic climate numbers than diesel engines.

With contemporary autos, a container of gas will certainly cover a lot longer than it would certainly with a classic vehicle. Modern cars and trucks are generally a lot more powerful than timeless old vehicles.

3. Style and also Design

Style and also personality are one of the most appealing aspects of vintage cars. Old classic automobiles are noticeably different from contemporary ones. Their design and styles stand apart. The cars are likewise most likely to have memorable colors. You are not likely to mistake one vintage car for an additional one. Most modern cars look the same. It might be challenging to tell them apart without their badges.

Texas Elite Auto & Diesel specialize in auto repair, service, and restoration. TX Texas Elite Auto & Diesel is a full service Automotive Repair shop proudly serving San Antonio.

4. Required for Maintenance

The upkeep of modern lorries can be extra expensive than old classics. Modern autos have actually computerized gadgets and electronic devices. Keeping traditional autos is very easy.

5. Appreciation Vs. Devaluation

Modern autos are not financial investments. Their worths begin decreasing from the first time you drive them. After a few years, a modern auto might deserve just half of its original value. Timeless old automobiles are various. They are sound financial investments whose worths appreciate with time.

6. Convenience and also Comfort

Modern cars have mechanical components that boost comfort and also ease. They are optimized to advertise smoother extra comfortable trips than classics which can be a bit simplistic. Features in modern automobiles that can advertise convenience and also convenience consist of car parking aid, airbags, and massage seats.

7. Engine Size

The engines of modern-day autos are a lot smaller than in vintage cars. Producers have actually recognized that bigger engines are not necessarily extra effective. The press towards efficiency has actually decreased dramatically gradually too. Modern engines are made with a concentrate on smartness, not dimension. The technologies used to create smarter engines are also used to make them smaller.

8. Engine Reliability

The engines made use of in vintage cars are not as trustworthy as those used in modern-day automobiles. Modern engines utilize digital parts as opposed to mechanical components. They are, for that reason, not vulnerable to deterioration. Pumps, for example, have actually currently been changed with options that can be regulated electronically. They are not likely to require substitute or regular tune-ups. Unfortunately, the demand for dependability has made modern-day automobiles much less safe and secure.

Both contemporary and also timeless autos have distinct functions that establish them apart. Modern cars, for example, have much more effective and reliable engines. On the various other hand, timeless cars are simple to keep.

KameHealth

Things to include in your Pre Workout Routine

Workout plays an important role in life as it maintains good condition of physical and mental wellbeing. Besides boosting our immunity, workout also maintains the heart, muscles, bones, and brain most finely. If you understand what activities should be done ahead of a workout, then you can easily observe the growth you are making by working out and achieve the greatest outcomes from it.

Things like proper nourishment and sound sleep are important before a workout but there are other important things too that will yield you the best results every time you workout. Let us discuss them below: 

  1. Sleep Well

Sleep is the most important part of a workout. Having a nice quality sleep keeps you energized and maintains your appetite to prevent you from getting overheated during the workout. Experts have suggested a 7-hour sleep ahead of a workout for good outcomes. Not only prior to a workout, but you should also have a quality sleep post-workout to ensure that your body gets sufficient rest.

  1. Stay Hydrated

Drinking water, besides playing an important role in our good health is also important before a workout. This is because when you workout, the body releases sweat and you should be hydrated properly because you are losing water through sweating. Drinking water before a workout also helps you to maintain your energy and focus during the workout.

  1. Eat Properly

Having a proper diet before a workout is also important to achieve great results from it. If you are not consuming any type of  IV Nutrition then your pre-workout diet should include a well-balanced combination of healthy fats and complex carbohydrates. This will provide your body with the necessary nutrients and fuel it before a workout for the best performance of the body. How much you should it depends on your appetite and there is no particular rule attached to this. But you should give a gap between eating and workout so the food you eat gets digested properly.

  1. Create a Proper Workout Plan

You can use any smartphone app or just a notepad to plan all your workout activities like what do you expect to do with respect to weights, reps, rest periods, sets, gears to be used, etc. In addition to this, you should also have a proper meal plan for your pre-workout routine.  This will prevent you from guessing what activities to do during the workout and will make your workout more effective. This way you will be mentally prepared before the workout and you only need to do what you have planned for the day. Planning also induces honesty in you as you perform the exact number of sets that you have planned instead of skipping one or two of them.

Final Thoughts

By following a healthy pre-workout routine you can easily gain maximum advantages from your workout. All the tips discussed above will always help you to follow the right approach for a pre-workout routine. When you will incorporate all these things you will get desired results from your workout.

KameHome

Tools you need to keep your gun in good condition

Owning a BB gun can easily pull you into the world of custom DIY practices. Just like the way you might consider putting new alloys in your ride or a new set of brakes on your bike, having a BB gun sets you up to some DIY chores. Interestingly, you can do these chores easily, providing you have the right set of tools. Whether you want to tweak the insides of your BB guns for better performance or you want to change the appearance of your BB gun, you will need several tools to make sure you can perform these tasks without any challenge.

When planning to buy tools to maintain your BB gun, it’s very easy to think that a single set of tools will get the job done. However, with the wide array of different adjustments you can make to your BB gun, you will need two different toolkits. Air guns for sale. One to use at home when you need to repair your gun and another one while you are at the field to repair any minor issues that might arise.

Although it’s important to have a workshop kit to help you handle serious jobs, a field kit is also very important and can be a lifesaver while you are out there on the field. Pcp air gun. With that, let’s look at a few tools that you must have if you own a BB gun.

Field toolkit

Well, it doesn’t matter whether the choice of your primary weapon—at the end of the day, you will need a tool kit to help you deal with some of the issues that might pop up while using your gun. Whether you love a conventional AEG, gas blowback, or a PTW, you should be able to deal with these issues without having to drag a full toolbox out in the field. With that, let’s look at the few tools that your tactical gear shouldn’t lack to keep your guns functional.

Multi-tool

There are numerous good multi-tools available that are a bit costly, but that doesn’t mean you should spend all your money on such tools, while there are cheaper brands that will get the job done. When choosing a multi-tool, ensure that it has the following—at the minimum:

●        Wire cutters

●        Pliers (needle-nosed)

●        Folding scissors

●        An assortment of screwdrivers

●        A blade

Besides, it’s important to note that certain brands will also provide some extra add-ons on their multi-tools, like a Leatherman’s adapter, which makes it possible to use ¼ bits that you want to. However, it’s up to you to determine which of your different BB guns will need.

Allen keys

Given the fact that most BB guns have Allen-head machine screws, you should have a small set of compatible types with you. However, since a full set of Allen keys can be a bit heavy, just carry the ones that you can use with your guns. And to prevent them from getting lost, you can keep your keys in pairs, and use tape or paracord to hold them together.

Paracord

Always make sure you have a few meters of paracord since it can save you on different occasions. If your sling is broken, use a paracord to hold it together. Are you concerned about losing your costly optics and other gear, get your paracord to tie them together. Now you have the idea of why you need a paracord.

Tape

Just like a paracord, you should also carry some small amounts of both electrical and gaffa tape. Generally, a tape has more uses than we can list—and this included temporary repairs not only to your gun but your tactical gear too.

Unjamming rod

Nobody wants to carry around an extremely long cleaning rod. Fortunately, BB gun enthusiasts are covered—flexible curtain rods will get the job done. Such a rod is strong enough when pushed down the barrel to unjam your gun, and also flexible to coil up, which makes it easier to fit them in a bag.

KameShopping

The Easiest Ways to Find Cataract Sunglasses

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Shielding your eyes when you go outside is essential for overall health, especially if you wish to prevent potential issues that may happen in the future. That is the main reason why you should start wearing proper sunglasses as soon as you finish with cataract surgery.

Based on statistics, cataract happens to numerous people worldwide, so you should find ways to protect yourself along the way.

Before choosing a sunglass retailer, we recommend you to enter here to check a reputation and online reviews. 

Simultaneously, more than three million people in the US alone undergo cataract surgery each year. Remember that a procedure is popular because it lasts approximately ten minutes and will provide you with a successful outcome.

The surgery involves the doctor removing cloudy lenses while implanting IOL (intraocular lens), providing you with a clear vision afterward. 

Even though this particular lens comes with additional UV protection compared with your bare eyes, it is vital to have proper eyewear when you walk out of the surgery.

Some clinics will offer you temporary pairs that you can wear at home, but we recommend finding specific ones made just for patients who underwent this particular procedure.

It would be best to ask your eye surgeon to advise you on how to find the best sunglasses for your particular needs. However, it is vital to bring your own to prevent potential problems that may happen afterward.

How Long Should You Wear Them After Surgery?

You probably know that harmful UV rays are always around you, even if you cannot see them with naked eyes. Therefore, you should wear them each time you go outside, whether it is winter or summer.

That way, you can prevent this particular disease and slow down its development if you already have it. Soon after surgery, you should wear unique sunglasses for at least months afterward to ensure that your eyes properly recover.

Generally, the first four weeks are essential and the most sensitive period, so you should wear them.

Since the doctor will dilate your pupils during surgery, it may stay like that for a week or more. Even when they go back to normal, eyes will be susceptible to outdoor light. In rare situations, pupils will stay dilated all the time, which may affect your overall lifestyle.

That is the main reason why you should find sunglasses that feature additional sensitivity and light protection. After recovery, you should avoid getting out without proper UV protection, mainly because UV rays can lead to severe consequences.

We recommend you to wear them all the time, which is a habit that will protect your eyes against potential issues in the future.

You should choose the ones that will provide you maximum protection, which is essential to remember. Therefore, you should check out Ray-Ban Sunglasses that will offer you this particular type of protection.

You can use polarized lenses that will reduce glare, which is also great for driving. That way, you will get a more detailed and crisper image, which will provide you additional protection.

Besides, they should feature UV 400, which means that they will provide you 100% protection. That way, you can prevent further issues from happening.