Posts by Wharton Wealth Planning, LLC
A tool for guaranteed income may be coming to your 401(k)—here’s what you need to know
Wharton Wealth Planning was recently quoted in CNBC on December 9, 2025. The article link can be found here https://www.cnbc.com/2025/12/09/vanguard-announces-annuity-option-in-401ks.html 401(k) Income and Annuities Mutual fund companies are increasing access to a type of investment that provides guaranteed income for life. Last week, mutual fund firm and index investing pioneer Vanguard announced a new line…
Read MoreTax and Estate Planning Strategies for New York City Residents
Strategies to reduce tax exposure and protect your estate in New York New York state, unlike many states, has its own estate tax, with complex rules that can catch investors off guard. When combined with federal estate tax laws, this can lead to a significant tax burden for high-net-worth individuals and their heirs. New York…
Read MoreAs the TACO trade goes viral, another is gaining traction: ‘Anywhere But The USA’
Published Mon, Jun 2 2025 5:54 AM EDT Updated Tue, Jun 3 2025 5:03 AM EDT We were recently quoted in CNBC on June 2, 2025. The article link can be found here https://www.cnbc.com/2025/06/02/inside-the-abusa-trade-anywhere-but-the-usa.html Concerns over the health of the U.S. economy and Donald Trump’s trade policies have born a new trade: “Anywhere But the…
Read MoreHow to Pay Less Tax on Retirement Account Withdrawals
We were recently quoted in U.S. News and World Report on April 24, 2025. The article link can be found here https://money.usnews.com/money/retirement/articles/how-to-pay-less-tax-on-retirement-account-withdrawals Retirees can easily gain a tax break on savings if they know where to look. Key Takeaways The tax implications of retirement savings withdrawals can be complex, but understanding a few basic principles…
Read MoreHow to Decide if a Roth IRA or Roth Conversion is Right for You (Updated for 2025)
What are the benefits of a Roth IRA and how do these accounts work? A Roth IRA is an Individual Retirement Account to which you contribute after-tax dollars. With a Roth IRA account, you won’t pay taxes as your money potentially grows, and you can make tax-free withdrawals during retirement. These plans are important because they…
Read MoreEarn Tax-free Income from Your Investments with Municipal Bonds
published by Investing.com October 30, 2024 https://www.investing.com/analysis/earn-taxfree-income-from-your-investments–consider-municipal-bonds-200653607 Like all bonds, municipal bonds are trading at much higher yields on an absolute basis than in decades. A big part of that is the recent rate-hiking cycle that the Fed has embarked upon to curtail inflation, which was at 40-year highs. So, we have a much different…
Read MoreMoney Life Podcast – We talk about what determines our buy and sell decisions and discuss mutual funds, ETFs, and the market in general.
Money Life Show podcast hosted by Chuck Jaffe – We talk about what determines our buy and sell decisions and discuss mutual funds, ETFs, and the market in general. Transcript for Podcast Below: Chuck Jaffe (Host): David Rosenstock, Director of Investments and Financial Planning at Wharton Wealth Planning, is here. We’re talking funds and ETFs,…
Read MoreAre Tax Inefficiencies Costing You Money and Impacting Your Retirement Goals? Advice for the Tax-Conscious Investor.
Reduce investment taxes and maximize your retirement income and savings Concerned about keeping your investment taxes low? Surveys indicate that over 70% of Americans are concerned that rising taxes will diminish their future savings. Unaddressed tax inefficiencies in your investment portfolio and financial plan could also erode how much you have left to live on…
Read MoreShould You Roll Over the Employer Retirement Plan from Your Former Employer into an IRA?
In many instances, people have changed jobs throughout their careers and need to decide what to do with their old 401(k) or 403(b) from their previous employer(s). Having many different accounts at different places and receiving numerous statements throughout the year can feel complicated, disorganized, and hard to keep track of. In many cases, rolling…
Read MoreShould You Buy an Annuity?
Annuities are contracts sold by insurance agents or financial advisors who have licenses to sell insurance. The insurance industry invests a significant amount of money to advertise and actively promote the benefits of these products. However, in addition to the advantages frequently marketed in advertisements, annuities have disadvantages, which everyone should be mindful of. Many…
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