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IRA Risks and Expenses

Insurance Professional Donn Sinclair by Donn J. Sinclair, MBA — November 8, 2018

A few words about risks and expenses. You should carefully consider any mutual fund’s investment objectives, risks, charges, and expenses. Not all mutual funds may be appropriate for everyone. Every individual has their own unique investment objective that may or may not match any particular mutual fund. Also, prior to any decisions or investing in any fund, you should carefully read the prospectus as this will outline the specifics of the mutual fund. The information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities, and should not be relied on as financial advice. Past performance is no guarantee of future results.

  Updated in Rock Hill SC and Charleston SC by Donn J. Sinclair, MBA (803)329-0609     November 8, 2018 Note: More information is available at See Publication 590-A and Publication 590-B.

@Sinclair Financial Solutions is independently owned and operated. Donn J. Sinclair, MBA is SC insurance licensed in CT, GA, IL, NC, SC, and VA (NIPR NPN#1722815). SC Real Estate License #76530, and NRDS #554027312. Securities offered through Fortune Financial Services, Inc,3582 Brodhead Road, Suite #202, Monaca, PA 15061;branch office of record located at 948 Myrtle Drive Rock Hill, SC 29730, Member FINRA/SIPC. @Sinclair Financial Solutions and Fortune Financial Services, Inc are separate entities.


Personal Finance, Medicare, and IRA Article Library

At Sinclair Financial, we want to make sure you are knowledgeable about your finances. That is why we have created an archive of resources for you to make use of. If you’d like to contact us anytime, please use the “Let’s Talk” button on the navigation menu.

  • Who Can Open a Traditional IRA ?

    • by Kristin P. Sinclair  –  A Accu Tax  –  November 7, 2018

      You have decided to pursue a Traditional IRA. That is an Excellent Decision ! So what is your next step ? First check to make certain that you are eligible to open a Traditional IRA for 2018 and/or 2019. Normally you should qualify to open and make contributions to a Traditional IRA if:

      • You (or your spouse if you file jointly) received taxable compensation during that tax year (2018 or 2019).
      • You were not age 70 ½ by the end of that tax year (2018 or 2019).

      Whether or not you are covered by another retirement plan you can start your Traditional IRA. If either you or your spouse is covered by an employer retirement plan; however, then it is important to note that your deductible contributions may be limited.

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  • 2018 Roth and Traditional IRA Considerations

    • by Kristin P. Sinclair, A Accu Tax on September 26, 2018

      Which is best for you ? Maybe both should be part of your 2018 retirement savings plans. With Traditional IRAs and other pre-tax retirement plans the contributions may be tax deductible in 2018. Your earnings grow tax-deferred until you withdraw them. Normally it should be best to withdraw Traditional IRA funds in retirement when you may have less income, and therefore pay less in taxes.

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  • What is a Roth IRA?

    • What is a Roth IRA?

      by Kristin P. Sinclair – A Accu Tax – September 19, 2018

      A Roth IRA is a special kind of Individual Retirement Account that may allow your money to grow tax-free. You fund a Roth with after-tax or post-tax dollars – meaning you pay current income taxes on your contribution. In return for no up-front tax break, your money grows and grows tax free. Then you should qualify to withdraw your Roth IRA funds at retirement and pay absolutely no taxes !

      That’s right, every penny goes straight into your pocket. This may be especially important in your early retirement years. Taking money from your Roth IRA should not impact the taxability of your Social Security Income.

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  • Medicare Part B: Is It Covered?

    • by Kristin P. Sinclair – A Accu Tax – September 1, 2018

      what-is-a-fixed-annuityIs your test, item, or service covered?

      Medicare coverage for many tests, items and services depends on where you live. This list only includes tests, items and services that are covered no matter where you live. If your test, item or service isn’t listed, talk to your doctor or other health care provider. They can help you understand why you need certain tests, items or services, and if Medicare will cover them.

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  • High Income Medicare Beneficiaries. Premium Adjustments Add to the premium of your Medicare Premiums, Add to the Premium of your Medicare Part D Premiums.

    • by Kristin P Sinclair – A Accu Tax – October 10th 2018 – Rock Hill, SC – Charleston, SC

      When you are a high income tax payer you may have additional premiums added to your Medicare premiums, as well as your Medicare Part D premiums. Both on a stand a lone plan as well as on the Medicare Part C plan with the Part D in your MAPD plan.

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  • 2019 Medicare Part D Insurance for The Coming Annual Period

    • Kristin P Sinclair – A Accu Tax Oct 8th 2018 – Rock Hill, SC – Charlotte, NC

      Stand Alone Medicare Part D plans have a monthly premium, that you pay to have the plan service your prescription drug coverage needs for the annual period. You want to pay the premiums in a timely fashion when due. Choosing a plan that you can afford is one of goals that you want to achieve. Your premium costs do not go toward your out of pocket costs when you tally your drugs copays and coinsurance figures. Premium paid is one set of costs. Out of pocket costs for copays and coinsurance is a separate set of figures.

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  • Social Security Retirement Estimator

    • by Kristin P. Sinclair – A Accu Tax – October 2, 2018

      retirement how to retire

      The Social Security Retirement Estimator provides you estimates based upon your Social Security earnings record. Please note that these are estimates and not a guarantee of benefits to be paid. The Social Security Administration will provide you with your actual benefit amount when you apply for benefits.

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  • Questions for Home Health Care Provider Interviews

    • by Donn J. Sinclair, MBA – October 3, 2018


      When recovering from an injury or illness, your Medicare coverage and your Medigap or Medicare Supplement may pay some of the Home Health Care costs that you incur. When selecting a home care agency for you or a loved one, there are important questions to ask when interviewing home health care agencies.

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  • Charitable Deductions Things to Consider

    • by Kristin P. Sinclair – A Accu Tax – October 6, 2018 – Rock Hill, SC – Charleston, SC

      We have heard in the news that the Standard Deduction is increasing and fewer people will be itemizing on the their tax returns over the next 7 years. The higher deduction is indeed expected to be taken by many. However for people who have a Mortgage on their home paying interest, they might want to look at itemizing and decide if it is to their advantage. Have deductible gifts to charity add this to the mix. And then also, taxes paid for home, vehicles, and state taxes on their earned income. Estimated state taxes on investments and retirement income.

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