Ethan Bohm

Ethan Bohm As a Wealth Management Advisor at Equitable I assist 1099 Independent Contractors with:


- Retirement Planning
- Life Insurance Needs
- Investment Management

While we cannot predict future outcomes, we can prepare for them accordingly. When it comes to unexpected life events, i...
10/21/2024

While we cannot predict future outcomes, we can prepare for them accordingly. When it comes to unexpected life events, it is crucial that people have an emergency fund to fall back on. An emergency fund is an account that holds liquid money and grows
at a certain interest rate every year. Many professionals recommend stashing 3-6 months worth of income into one of these funds,
hopefully utilizing a High-Yield savings account to do so.

For more information on Emergency Funds, check out:

https://www.investopedia.com/financial-edge/0812/why-an-emergency-fund-is-important.aspx

Feel free to reach out to me if you have any questions.

Emergency funds are vital in case you lose your job, have an expensive medical emergency, or face a sudden pandemic. Then why do so few people have them?

“How much life insurance do I need?” is one of the age-old questions looming around many Americans' heads. While there i...
10/18/2024

“How much life insurance do I need?” is one of the age-old questions looming around many Americans' heads. While there isn’t always an objective answer, there are certain things we can think about that can help us get an idea. For instance, if you have children, how old are they? Newborn babies likely will not have the ability to replace the income of their parents until age 18 or older. This can give you an estimate of how many years of income you need worth of coverage to financially support a child.

An article that goes into detail on how you can determine your life insurance needs is:

Use our life insurance calculator to figure out how much coverage you need, plus learn more tips for landing on the right amount.

Roth IRAs are a type of tax-advantaged retirement account that allows for tax-free growth of contributions. Here are a f...
10/14/2024

Roth IRAs are a type of tax-advantaged retirement account that allows for tax-free growth of contributions. Here are a few key features of Roths:

- Can contribute up to $7,000 per year ($8,000 for individuals over age 50)
- Tax-free distributions accessible at age 59 1/2
- Able to withdraw contributions portion prior to age 59 1/2 (Once account has been established for at least 5 years)
- Not subject to Required Minimum Distributions by the IRS
- Not subject to any capital gains taxes

2024 is a unique time to start opening up and contributing to a Roth IRA, considering the uncertain future of tax-law that lies ahead. For young people especially, these next few years could be the last years that we have access to such preferential tax treatment within these types of accounts.

For more information about Roth IRAs check out:

A Roth IRA is a special individual retirement account (IRA) in which you pay taxes on contributions, and then all future withdrawals are tax-free.

In this video we explore the benefits and tax advantages of these types of individual retirement accounts which can help...
10/09/2024

In this video we explore the benefits and tax advantages of these types of individual retirement accounts which can help you secure your financial future. Learn key differences between Traditional and Roth IRAs to determine which suits you best, then reach out so we can schedule time to discuss more.

Explore the benefits and tax advantages of both Roth and Traditional individual retirement account to determine which suits your personal situation best. An ...

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