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Richard Cella III is an ED Slott Master Elite IRA Advisor
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Event DetailsLocal Certified Wealth Strategist, Richard C. Cella, III,
Celebrates the 20th Anniversary of the Roth IRA
Member of Ed Slott’s Elite IRA Advisor GroupSM
Acknowledges Milestone by Offering Insight to Gloucester’s Retirement Savers
Ed Slott’s Master Elite IRA Advisor Group is the nation’s leading specialists regarding IRAs, tax planning and retirement distributions. These advisors train with Ed Slott and his team of IRA specialists on a continuous basis. They pass regular background checks, complete requisite training, attend semiannual workshops, webinars and complete mandatory exams. They are immediately notified and educated on changes to the tax code and updates on retirement planning, so you can be sure your retirement dollars are safeguarded from unnecessary taxes and fees.
2018 was the 20th anniversary of the Roth IRA. First made available to American investors in January of 1998, a Roth IRA is an individual retirement account that is funded with after-tax dollars and provides tax-free growth and income for retirement. In honor of this significant milestone, Richard C. Cella, III, CWS®, Managing Partner of Ipswich Bay Advisors is spreading the word about the benefits of this retirement savings vehicle.
“The 20th anniversary of the Roth IRA serves as a good reminder to examine why this type of retirement account might be right for you,” said Cella. “There are several benefits that come with a Roth IRA, including tax-free growth and distributions in retirement. Someone who may have saved a million dollars in their traditional IRA may only see half of that amount after they pay income taxes. The beauty of the Roth IRA is that it allows you to contribute after-tax dollars, which can help you avoid a tax time bomb in retirement.”
“I am a big proponent of Roth IRAs, as contributions today lead to tax-free money in retirement, when you need it most,” said Ed Slott, CPA, founder of Ed Slott and Company and a nationally-recognized IRA specialist who was named “The Best Source for IRA Advice” by The Wall Street Journal. “Unfortunately, the rules surrounding these retirement accounts are as confusing as ever, so it is important to work with someone who specializes in them.”
Cella is a member of Ed Slott’s Elite IRA Advisor GroupSM, an exclusive membership group dedicated to the mastery of advanced retirement account and tax planning laws and strategies. Members of Ed Slott’s Elite IRA Advisor GroupSM attend semiannual live training events and have year-round access to Ed Slott and Company’s team of retirement specialists for consultation on advanced planning topics.
To determine whether a Roth conversion is right for you, it may be beneficial to work with a financial professional who receives training in the ‘second half’ of the retirement game, the distribution phase. “As a member of Ed Slott’s IRA Advisor GroupSM, I take pride in knowing that I am up to speed on the latest retirement strategies and able to provide my clients with the help they need to plan for a successful retirement,” said Cella.
“Over the last 20 years, a lot has changed for Roth IRAs,” said Slott. “With ever-changing laws, including Congress’ recent decision to eliminate Roth recharacterizations, it is more important than ever for financial professionals to receive ongoing training. I commend Cella for prioritizing his education and taking the necessary steps to understand the intricacies of retirement accounts and the tax laws that impact them.”
ABOUT ED SLOTT AND COMPANY, LLC: Ed Slott and Company, LLC is the nation’s leading provider of technical IRA education for financial advisors, CPAs and attorneys. Ed Slott’s Elite IRA Advisor GroupSM is comprised of nearly 400 of the nation’s top financial professionals who are dedicated to the mastery of advanced retirement account and tax planning laws and strategies. Slott is a nationally-recognized IRA distribution expert, bestselling author and professional speaker. He has hosted several public television specials, including his latest, “Retire Safe & Secure! With Ed Slott.” Visit www.irahlep.com for more information.
ABOUT RICHARD C. CELLA, III, CWS®:
Richard is a Certified Wealth Strategist, Accredited Investment Fiduciary and author of the book, Your Personal Retirement Machine. He is also a member of Ed Slott’s Master Elite IRA Advisor Group, the nation’s leading specialists regarding IRAs, tax planning and retirement distributions. Richard is a Financial Advisor with LPL Financial, providing investment management and financial planning services, as well as serving as an advisor to corporations for 401k Plans.
In 1998, Richard founded Ipswich Bay Advisors, offering individuals and businesses the full complement of Investment Management, Retirement Planning, Tax Planning and Qualified Retirement Plan Services.
As a qualified LPL Financial Advisor, Richard offers a differentiated approach whereby each client’s financial plan includes proprietary tax planning strategies designed with the goal to reduce or eliminate taxes in retirement. He combines his extensive investment management, retirement planning and tax expertise, to provide his clients with a comprehensive financial plan so they can approach their future with confidence.
Richard holds himself to a fiduciary standard engaged in Advisory relationships and is licensed in multiple states across the US. He holds a full complement of securities registrations including series 6, 7, 24, 26, 63 and 66 held through LPL Financial, enabling him to offer his clients the complete universe of investment options and financial advice.
Richard is a graduate of Salem State University, member of Trustees of Reservation, Cape Ann Museum Fitz Henry Lane Circle Member, and sponsor of VNA Care Northshore.
Securities and investment advice offered through LPL Financial, Member FINRA/SIPC. Ipswich Bay Advisors and LPL Financial are separate entities.
The opinions voiced in this material are for general information only and are not intended to provide specific advise or recommendations for any individual. Ed Slott is not affiliated with LPL Financial and Ipswich Bay Advisors.
A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.
Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.