(561) 241 - 6616

Raymond James Financial Services, Inc. Member FINRA/SIPC 

301 Yamato Rd. Ste. 3160 Boca Raton, FL 33431

 

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC  Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations withintheir applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. http://www.raymondjames.com/privacy_security/privacy_notice.htm.

SmartVestor™ is an advertising service for investing professionals. Advertising fees are not connected to any commission, portfolio, service, product, or other service offered or rendered by any SmartVestor Pros. SmartVestor Pros are subject to initial vetting by Ramsey Solutions, and they affirm a Code of Conduct. SmartVestor Pros are not employees or agents of Ramsey Solutions. Neither Ramsey Solutions nor its affiliates are engaged in rendering investing or other professional advice. Ramsey Solutions does not receive, control, access, or monitor client funds, accounts, or portfolios. Ramsey Solutions does not warrant any services of SmartVestor Pros and makes no claim or promise of any result or success of retaining a SmartVestor Pro. Your use of SmartVestor, including the decision to retain the services of any SmartVestor Pro, is at your sole discretion and risk. Any services rendered by SmartVestor Pros you contact are solely that of the SmartVestor Pro. Raymond James Financial Services does not endorse and is not associated with Dave Ramsey or the SmartVestor program. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.

5 Signs Your Financial Future Is Dire

This article was quoted on UsNews.com by Geoff Williams. Click the link below to view this article in its entirety:

 

5 Signs Your Financial Future is Dire

 

- Joseph Carpenito's Featured Quote:

 

You've raided your retirement account. If you've tapped into your retirement account, that's a big clue you may encounter financial trouble down the road. "I see many people make the same mistake, which I feel is a precursor for a future financial disaster," says Joseph Carpenito, a financial advisor in Boca Raton, Florida, at Raymond James Financial Services. Carpenito says he often will see clients with a 401(k) plan taking money out of their account in the form of a cash distribution.

 

"Most of these individuals are under 59 1/2 years old, and even after explaining the penalties and tax implications of taking an early cash distribution, I hear the same excuse: 'Well, it's only a couple thousand dollars.'

 

"Although now it only seems like a couple thousand dollars, investors are giving up growth and compounding interest potential, which over a long time horizon could be the equivalent of having hundreds of thousands of dollars less in retirement," Carpenito says.

 

Disclosure:

Views expressed in this article are the current opinion of the author and are subject to change without notice. Information contained in this report was received from sources believed to be reliable,but accuracy is not guaranteed. Opinions expressed are not necessarily those of Raymond James or your financial advisor. 

Please reload

Sign Up
Recent Posts
Please reload