Urban Adams

Personal Finance, Retirement, Investing
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“Urban Adams, Business Development Officer with Dynamic Wealth Advisors, is an excellent resource in helping advisors navigate and better understand their available options; his focus is enabling advisors to achieve success, beyond just independence.”
Firm:

Dynamic Wealth Advisors

Job Title:

Business Development Officer

Biography:

Urban Adams is an Investment Advisor Representative of Dynamic Wealth Advisors. Urban earned a Bachelor of Science degree in Business Administration, and has held numerous securities licenses during his career. Urban possesses over 15 years’ experience in the financial services industry.Urban began his career with a prominent mutual fund company, and worked with individual investors. Later, Urban joined a major discount brokerage firm, where he worked nearly 10 years.Prior to joining Dynamic Wealth Advisors, Urban worked as Director of Operations, and Investment Advisor Representative for a large advisory firm in Orange County, California.

As an independent, fee-only advisor with Dynamic Wealth Advisors, Urban works with a wide range of clients from small business owners to employees of large corporations, from clients who are still accumulating their wealth to those nearing (or in) retirement. Urban focuses on his clients’ long term goals for retirement, college savings, legacy, and more, and works with clients to design a plan to reach their goals.In addition to individual wealth management, and financial planning, Urban also serves as advisor to retirement plans for businesses.

When Urban is not working with his advisory clients, he is involved in his local community. Previously, Urban has volunteered with Boys and Girls Clubs delivering financial literacy classes to teens. Urban also volunteered with Big Brothers Big Sisters of Central Arizona. Since relocating to Orange County, Urban has served as a volunteer coach, and Board Member of Irvine Girls Softball Association, and President of Woodbridge High School Boosters. Most recently, Urban joined the softball coaching staff for Woodbridge High School as  Junior Varsity coach.

Education:

BS, Business Administration, University of Phoenix

Assets Under Management:

$8 million

Fee Structure:

Fee-Only

CRD Number:

3213291

Disclaimer:

Advisory services offered through Dynamic Wealth Advisors.

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Great question. It sounds like there might be more than one way this question could be addressed. I will address the questions I believe were intended.

One way that a Roth IRA can grow over time is through the change in value of the investments held within a Roth IRA over time. Keep in mind, depending on the investments chosen, the investments could increase or decrease in value over a given period of time. For instance, if you contribute $1000 to a Roth IRA in a given year, the value of that $1000 contribution will fluctuate over time based on the investments chosen. Those investments could include, but are not limited to; mutual funds, ETF’s, individual stocks, etc.

Another way that a Roth IRA grows over time is tax free. Since the contributions to Roth IRA’s are made with funds that are already taxed, there is not an immediate benefit. The benefit is later when you are making distributions after age 59 ½. Using the example $1000 contribution from the paragraph above, if that $1000 grew to $5000 after age 59 ½, when distributed the $5000 would be free of taxes.

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