Jeff Rose

CFP®
Personal Finance, Retirement, Insurance
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Articles
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“As the CEO and Founder of Alliance Wealth Management LLC, I am committed to showing my clients the right way to financial freedom. In launching Good Financial Cents, my own personal financial blog, I've has been able to be the “complete package advisor” I’ve always aspired to be. ”
Firm:

Alliance Wealth Management

Job Title:

CEO and Founder

Biography:

Given Jeff's unique interest in the financial markets and his excited to meet new people, being a financial advisor was the perfect fit for his career. He started his career as a financial advisor with A.G. Edwards & Sons in 2001.

In January of 2005, 4 years into his career, he was called upon to support Operation Iraqi Freedom. Anticipating his return, he attained the Chartered Retirement Planning Counselor designation between mission and duties during his downtime in Iraq.

As soon as he returned from Iraq, he resumed his career as a financial advisor. His goal was to provide financial guidance to people in all areas including: investments, insurance, taxes, and estate planning. In November 2007, he became a CERTIFIED FINANCIAL PLANNER™ practitioner, and a month after that, he formed Alliance Investment Planning Group LLC. Since then, Jeff created his own registered investment adviser named Alliance Wealth Management LLC.

With the hope of helping people make sense of investing and their personal finances, Jeff launched his own personal financial blog called Good Financial Cents and life insurance site Life Insurance by Jeff. With so many different options out there, Jeff hopes to ease the fog and help others make clear and smart financial decisions. He currently writes for Forbes, US News & World Report, and CNBC. In addition, he has been featured in major sites such as Huffington Post, Wall Street Journal, Reuters, Kiplingers, and Fox Business.

Jeff resides in Carterville, IL with his wife, Mandy, and his three sons Parker, Bentley, and Sloane and daughter Janella.

Education:

BA, Finance, Southern Illinois University

Assets Under Management:

$38 million

Fee Structure:

Fee-Based

CRD Number:

156712

Insurance License:

#7532717

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    Financial Planning, Retirement, 401(k), IRAs
At 29, what retirement accounts should I be contributing to in order to retire comfortably when I am 70?
100% of people found this answer helpful

Considering the amount you're investing based on your income, I think you'll be in excellent shape to retire at 70 or even much sooner. But getting to your question about the Roth 401k, yes, I think that's an excellent choice. In your tax bracket, it's well worth giving up the tax deduction now in favor of zero tax in retirement. In addition, if you leave your job, you'll be able to do a Roth IRA conversion more easily (without all the messy tax consequences) that come with a traditional 401k. At your age, you want to keep your options open, and that's with the Roth 401k does for you.

As to where to hold riskier investments, there are pros and cons on both sides. In a tax sheltered account, large capital gains will escape immediate taxation. But if you take losses, they won't be tax deductible. In a taxable account, you will pay tax on capital gains, but at the lower long-term capital gains rate. Also, if you take a loss you can write it off against your income for up to $3,000 per year.

You'll have to decide which of the two you like better. If you do well with your stock selections, you'll be better off with a tax deferred account to avoid the taxes entirely. But if you expect losses, the taxable account route may be better. Hard to predict, but you have to consider your investment skills into the mix.

August 2018
    Social Security
My yearly income is $19,800 and I am 62 years old; can I collect my Social Security benefit and still earn this income without penalty?
100% of people found this answer helpful
August 2018
    Debt, Pensions, Investing, Stocks, Taxes
How should I use my raise: invest more money in my wife's 401(k) account or pay down credit card debt?
100% of people found this answer helpful
August 2018
    Debt, Personal Finance
Should I take a personal loan to pay off high interest credit card debt?
100% of people found this answer helpful
June 2018
    Career / Compensation, IRAs, Real Estate
I am a stay-at-home who tutors children part-time and I pay my son for helping with the business; can this compensation be considered taxable income that he can put into a Roth IRA account if I do not have an official business?
100% of people found this answer helpful
August 2018