{"id":2601,"date":"2023-10-06T10:00:00","date_gmt":"2023-10-06T10:00:00","guid":{"rendered":"https:\/\/www.marzanocapitalgroup.com\/?p=2601"},"modified":"2023-10-06T18:57:27","modified_gmt":"2023-10-06T18:57:27","slug":"the-importance-of-multiple-buckets","status":"publish","type":"post","link":"https:\/\/www.marzanocapitalgroup.com\/the-importance-of-multiple-buckets\/","title":{"rendered":"The Importance of Multiple Buckets"},"content":{"rendered":"\n
We save money for different purposes; retirement, travel, unexpected expenses, home renovations, etc. Here at Marzano Capital Group, we are big proponents of the \u201cmultiple bucket approach\u201d.\u00a0 Different buckets (or savings vehicles) should be used for different purposes.\u00a0 Here are the different buckets I am referring to:<\/p>\n\n\n\n
All of these buckets\/accounts are important and serve a certain purpose.\u00a0 By utilizing each one of them, it can help keep you from using the wrong ones at the wrong times.\u00a0 We would be happy to help you navigate which buckets you should be adding to and help determine the savings rate for each one.<\/p>\n\n\n\n
Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 \u00bd may result in a 10% IRS penalty tax in addition to current income tax. 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 \u00bd 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.<\/em><\/p>\n\n\n\n Securities offered through LPL Financial. Member FINRA\/SIPC. Marzano Capital Group is an other business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance LLC, a registered investment advisor. Independent Advisor Alliance is a separate entity from LPL Financial.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" We save money for different purposes; retirement, travel, unexpected expenses, home renovations, etc. Here at Marzano Capital Group, we are big proponents of the \u201cmultiple bucket approach\u201d.\u00a0 Different buckets (or savings vehicles) should be used for different purposes.\u00a0 Here are the different buckets I am referring to: All of these buckets\/accounts are important and serve […]<\/p>\n","protected":false},"author":7,"featured_media":2602,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[86],"tags":[],"_links":{"self":[{"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/posts\/2601"}],"collection":[{"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/comments?post=2601"}],"version-history":[{"count":2,"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/posts\/2601\/revisions"}],"predecessor-version":[{"id":2604,"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/posts\/2601\/revisions\/2604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/media\/2602"}],"wp:attachment":[{"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/media?parent=2601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/categories?post=2601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marzanocapitalgroup.com\/wp-json\/wp\/v2\/tags?post=2601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}