Carlos Dias Jr.

Personal Finance, Retirement, Lifestage Based Planning
94%
Helpful
70
Answers
62
Articles
293
Followers
“Carlos’ brand of wealth management encompasses every aspect of his clients’ financial life. He offering strategic financial planning services to high-net-worth individuals, business owners, executives, retirees, and professional athletes.”
Firm:

Excel Tax & Wealth Group

Job Title:

Founder, Wealth Manager and Financial Planner

Biography:

Carlos Dias Jr. began his career in the financial industry in 2004. He is the Founder and Principal of Excel Tax & Wealth Group, an advisory firm offering strategic financial planning services to high-net-worth individuals, business owners, executives, and retirees. He also services MVP Wealth Management Group, which addresses the unique concerns of professional athletes and entertainers.

Carlos excels at tailoring his advice to individual clients’ needs. He maintains a highly personal approach by accounting for the distinct needs that his clients have at different points in their financial lives. He is passionate about finding the right solutions and investment plans to reflect different investment philosophies.

One of Carlos’s areas of expertise is tax liability. He confers with accountants from across the U.S. to keep pace with changing tax laws and strategies, which allows him to offer differentiated advice to his clients. He is particularly adept at suggesting strategies that will help his clients lower their taxes.

Currently, Carlos is a Contributor for Forbes, MarketWatch, Kiplinger, The Huffington Post, TheStreet and MainStreet, has been featured in Fortune, The Wall Street Journal, The Christian Science Monitor, MSN Money, CBS Local 6 News, and WealthManagement.com, and has been quoted in Bloomberg, U.S. News & World Report, USA Today, CNBC, Inc., The Seattle Times, Business Insider, The Motley Fool, and GoBankingRates.

Carlos is fluent in Portuguese and Spanish.

Education:

Associate of Arts, Business Administration, Daytona State College
Bachelor of Arts, Business Administration, University of Florida

Fee Structure:

Hourly
Fixed
Asset-Based
Fee-Based

CRD Number:

5315390

Insurance License:

#E181443

Disclaimer:

Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

Videos
  • CBS Local 6 News "Many unprepared for the needs of aging parents" (December 10, 2013)
  • WealthGuard
All Articles
Sort By:
Most Helpful
July 2016
    Estate Planning, Financial Planning, Lifestage Based Planning, Personal Finance, Retirement, Taxes
April 2017
    Retirement, Retirement Living, Retirement Plans, Retirement Savings, Taxes
June 2016
    Annuities, Retirement Living
July 2017
March 2017

All Answers
Sort By:
Most Helpful
    IRAs
Can an individual contribute to both a Roth IRA and a Traditional IRA in the same year?
82% of people found this answer helpful

Yes, an individual can contribute to both a Roth and traditional IRA up to a maximum of $5,500 ($6,500 if over age 50), but not each. For example, you could contribute $3,000 to a Roth IRA and $2,500 to a traditional IRA (for a total of $5,500 if you're under age 50). However, IRA contributions (whether deductible or non-deductible) are only able to be made with earned income (money derived from paid work). Earned income includes:

  • Wages
  • Salary
  • Commission
  • Bonuses
  • Tips

Even if you have earned income, and depending if you're single or married, corresponding income limits will determine if the traditional IRA is fully deductible, partially, or completely phased out.

If you're single or married and not covered by an employer-sponsored plan, your contributions will be fully deductible no matter what your income is. However, if you're married and both of you are covered by an employer-sponsored plan, contributions can be deducted in accordance with your Modified Adjusted Gross Income (MAGI). In 2016:

Single limits:

  • If your MAGI is $61,000 or below, your contribution is fully deductible
  • If your MAGI is more than $61,000 but less than $71,000, your contribution starts to phase out
  • If your MAGI is more than $71,000, your contribution is phased out completely

Married limits:

  • If your MAGI is $98,000 or below, your contribution is fully deductible
  • If your MAGI is more than $98,000 but less than $118,000, your contribution starts to phase out
  • If your MAGI is more than $118,000, your contribution is phased out completely

If you're married and your spouse is covered by an employer-sponsored plan, but you are not, the deduction phase-out range is $184,000-$194,000.

Roth IRA contributions are also in accordance with your MAGI. In 2016:

Single limits:

  • If your MAGI is $117,000 or below, you can make a contribution
  • If your MAGI is more than $117,000 but less than $132,000, you can make a reduced contribution
  • If your MAGI is more than $132,000, you are ineligible to make a contribution

Married limits:

  • If your MAGI is $184,000 or below, you can make a contribution
  • If your MAGI is more than $184,000 but less than $194,000, you can make a reduced contribution
  • If your MAGI is more than $194,000, you are ineligible to make a contribution

Finally, if you are 70 ½ or older, only non-deductible Roth IRA contributions are able to be made.

If you have any further questions, I'd be happy to help.

October 2016
    Investing, Annuities
Should I rollover my annuity into a different brokerage?
75% of people found this answer helpful
October 2016
    IRAs, Women & Money
Will a Roth IRA help me save more money?
75% of people found this answer helpful
October 2016
    IRAs
How can I fund A Roth IRA if my income is too high to make direct contributions?
60% of people found this answer helpful
October 2016
    Retirement Savings, Retirement Plans
What is the difference between qualified and non-qualified plans?
91% of people found this answer helpful
October 2016