Strategic Financial Planning in San Diego

Jason Groth offers strategic financial planning in San Diego.

Whether we are satisfied with the amount we have saved for our retirement, or want more for security, we must plan ahead to achieve our goals. There are three basic categories for storing and preserving our wealth for future use. No matter your situation, Jason Groth of San Diego will guide you to achieve your financial goals. 

Three Categories of Savings

The first category of savings is tax-deferred. This includes 401(k), IRA, annuity, simple pension pension, and social security. Tax-deferred simply means you will not have to pay taxes until later on when you must withdraw it. The Internal Revenue Service (IRS) allows the amount put into this category to be deducted from gross income for the year. 

The tax-savings with this category can be substantial over a person’s lifetime. When savings or investments are held until retirement, the tax rate for retirees when withdrawing will generally be less because retirees are typically in a lower income tax bracket. 

The second category of savings is taxable. This is taxed at your ordinary income or capital gains rate. This includes bank accounts, money markets, CDs, stocks, bonds, and mutual funds. The advantage with this category of savings is you have more control over your money, and can withdraw funds whenever you wish. Though the tax rate in this category affects the amount you will keep, the much higher potential gains with some investments can more than make up for the tax rate.

The third category of savings is tax-free. This includes Roth IRA, municipal bonds, and certain types of insurance. The advantage of tax-free investments is obvious, as investors can keep all of their gains. Some of these funds provide yields that are comparable or even superior to taxable investments. However, the money put into this category is not tax-deductible. The benefit to this type of investment comes in being able to withdraw your gains tax-free. 

Other Considerations

With the first two categories, you may be surprised by the taxes you will have to pay. The first category not only entails taxes, but also may involve specific rules on distributions. A financial advisor in San Diego will help you to strategize to reduce the amount you will have to pay in taxes with these categories. Having to pay less taxes means you will keep more money for yourself, which translates to having more money to meet your needs and wants. 

With all of these categories of savings, it is important to take into account the level of inflation, as your returns on investment should be greater than the increase in the cost of living. As part of a sound investment strategy, investors often choose to put money into more than one of the above categories. It is also important to keep in mind that though some types of investments may be considered less risky than others, all investments, including municipal bonds, carry a level of risk.

Contact Jason Groth of Safe Harbor Solutions in San Diego to plan for your financial future and reach your personal goals. He is a licensed financial advisor with decades of experience who will carefully review your situation and give you advice that meets your needs.  

Big Brothers Big Sisters of San Diego County - Beyond School Walls

With 20 years of experience in the financial services industry, Jason Groth is a wealth advisor and registered representative at Reliant Capital Group in San Diego. He has also been involved in numerous startup companies, including EVOasis, an all-electric vehicle charging business. Outside of work, Jason Groth remains active in his local community and was named Big Brother of the Year in 2010 by Big Brothers Big Sisters of San Diego County, which operates a program called Beyond School Walls. 

Beyond School Walls engages local businesses in mentoring local middle school youth. The program dates back to 2013, when Big Brothers Big Sisters of San Diego County launched its first site at the corporate office of Bumble Bee Seafood. Beyond School Walls gives companies the opportunity to engage children from local schools in a real-life work environment. 

Big Brothers Big Sisters fosters relationships between local businesses and middle schools, handling the recruitment and interview and screening processes, in addition to providing oversight during the 15 sessions throughout the year. The “Bigs” meet with their mentees twice each month for 90 minutes to build a rapport and address topics that help them in their personal growth and development as leaders. To learn more about the program, visit sdbigs.org/bsw.

Big Brothers Big Sisters of San Diego to Host Annual Golf Marathon

An experienced entrepreneur and financial professional, Jason Groth helps guide clients towards their financial objectives in his role as a registered representative at Reliant Capital Group. Outside of his professional pursuits, Jason Groth enjoys serving his community through his participation with such charitable organizations as Big Brothers Big Sisters (BBBS) of San Diego County.

The San Diego County chapter of BBBS helps connect local children to the mentors that can help them reach a more successful future. In order to continually provide these services, the organization relies on the support of the local community. One of the best ways in which individuals can help BBBS of San Diego County is through events such as the annual Golf Marathon, which will be celebrating its 24th year in 2017. 

On May 5th, BBBS of San Diego County will invite its guests to participate in a day of golf and other entertaining activities at the Sycuan Golf Resort. The day’s events will begin at 6:30am with a shotgun start, after which participants can play in either half or full marathon rounds of golf. 

Each player helps raise money for BBBS of San Diego County by running online fundraising pages. Those who collect the most donations will receive prizes during the Golf Marathon’s evening awards celebration. This year, the organization hopes to raise $170,000 in an effort to connect 100 children with mentors.