Springberg Wealth Management

Springberg Wealth Management Established in 1973, we are a third-generation wealth management firm located in the heart of Lake Havasu City. Please see website for disclosures.

- Both accounts have the same intent of helping your child or grandchild get a head start financially, but which one you...
09/23/2026

- Both accounts have the same intent of helping your child or grandchild get a head start financially, but which one you should do entirely depends on the goals in mind.

- 529 plans are tax-advantaged investment accounts primarily designed to fund education expenses including universities, community colleges and vocational schools. Contributions are made with after-tax dollars, and investment growth and distributions are generally tax-free when used for qualified expenses such as tuition, room and board, books, computers and more. If money is used for non-qualified expenses, the distribution is taxable plus a 10% penalty.

- UTMA accounts do not come with the same tax advantages, but also do not have restrictions for how the money is spent as long as funds are used for the benefit of the beneficiary. Additionally, the money becomes property of the beneficiary once they reach the age of majority in their state (21 in AZ).

- As always, it is recommended to speak with a professional to see which one works best for your situation.

- Contribution Ability: When you leave an employer, you can no longer contribute to that retirement plan. An IRA gives y...
09/17/2026

- Contribution Ability: When you leave an employer, you can no longer contribute to that retirement plan. An IRA gives you that ability as long as you have earned income.

- Investment Control: Depending on the plan, a personal IRA typically allows for superior portfolio customization than a 401k.

- Keep It Close: A personal IRA is not tied to any employer, just you. This can provide a "home base" for future rollovers so you don't have to track down old 401k's when you get to retirement. Additionally, some plans have forced transfers or cash-outs if the money is left untouched for long enough.

Your business may depend on a few people whose knowledge, relationships and leadership are difficult to replace. Key per...
09/02/2026

Your business may depend on a few people whose knowledge, relationships and leadership are difficult to replace. Key person insurance can help protect your business financially during that transition. It can provide funds to help cover lost revenue, recruit a replacement and keep things running.

Curious about your options? Give us a call at 928-855-9421.

- We are often asked what the return on an IRA would be compared to a 401k, or compared to an Individual account. IRA, 4...
08/26/2026

- We are often asked what the return on an IRA would be compared to a 401k, or compared to an Individual account. IRA, 401(k), Individual, non-qualified, etc… these are not investments, these are investment account types. Generally speaking, all of these accounts can hold the exact same investments. The difference is how the investments are taxed.

- For example, shares of Apple can be held in a Traditional IRA as well as an Individual account. The difference is in the IRA, you only pay taxes on those funds when you make a withdrawal. In the Individual account, you pay taxes on any dividends or gains in the year received whether you withdraw the funds or not. Same investment, different investment account, different tax treatment. Contact a professional to see which account types make sense for your portfolio.

We are excited to announce Sam Springberg, CFP® will be presenting at this month's Under 30 Mastermind sponsored by Davi...
08/26/2026

We are excited to announce Sam Springberg, CFP® will be presenting at this month's Under 30 Mastermind sponsored by David Morse at Keller Williams Arizona. Topics include investing basics, retirement plans, tax-saving strategies, business protection and more. If you are a professional under 30, this is an open invitation for you to learn about setting yourself up for financial success. See you there!

- You and your business partner have plans for what you've built while you're alive, but what if one of you unexpectedly...
08/20/2026

- You and your business partner have plans for what you've built while you're alive, but what if one of you unexpectedly passes away? Would your spouse or children be able to take your place? Would they work well with your business partner and vice versa?

- In comes the buy-sell agreement. This agreement provides the surviving partner(s) with a roadmap in the event the unthinkable happens. Buy-sell agreements are most commonly funded with life insurance because it can provide the partner or business with a tax-free lump sum to purchase the deceased's share of the business from their heirs. This can provide crucial relief to the surviving spouse, partner and business itself.

- If business continuity is important to you, you may want to look into a buy-sell. There are different ways to structure them that will affect cost and taxation, so make sure you speak with a professional to see what is best for your situation.

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10 Acoma Boulevard S, STE 102
Lake Havasu City, AZ
86403

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