Changes in the oval office, social security strategies and backdoor roth IRAs are discussed in this month's newsletter.
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Money Manager Monthly
August 2016

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Elections and the Market: Infographic

The U.S. presidential election has capitalized the news media, social media, and pop culture for nearly a year now, and we still have several months before the campaign's end and the voters have their say. Here at WrapManager, we don’t take a political stance on elections, but we do track market trends and activity and the election environment can have an effect on the stock market. It’s interesting to look back at how politics have affected financial markets in the past. Though we can’t predict what might happen this time around, looking back can help us identify previous trends.

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Recent Articles
There's Still Time: Backdoor Roth Conversions

There’s Still Time: Backdoor Roth Conversions

Two years ago we wrote an article about how high income earners—who are generally excluded from Roth IRAs because of income levels—could still technically contribute to Roth IRAs if they used the right methods. We wrote that “high income earners could make non-deductible contributions to a Traditional IRA (non-deductible IRA), then take that money and move it into a Roth IRA.” This method allowed income earners access to the benefits of the Roth IRA, which notably are: the ability to grow your money tax-free and also make tax-free withdrawals.

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2 Key Social Security Strategies Legislated Away –
What You Need to Know

Two strategies designed to maximize Social Security retirement benefits just got cut, but it doesn’t mean your benefits have to shrink too (more on that later). Effective May 1, the U.S. government adopted rules that will bar the "file and suspend strategy" for people born after April 30, 1950, putting an end to a unique strategy for drawing Social Security that helped many retirees boost their lifetime benefits significantly.

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Doug's Quiz Corner
Doug Hutchinson

Early IRA Withdraw

Quizmaster, Doug Hutchinson, presents his quiz for the month. Here, Doug provides a an example to show the cost of taking an early withdraw from your IRA. 

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The attached report and information have been prepared or produced by WrapManager, Inc. from sources and data believed to be reliable. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice, as an offer to sell, or the solicitation of an offer to buy any security in any states where such an offer or solicitation would be prohibited by regulations. WrapManager, Inc. is not a tax advisory firm. We recommend you contact your tax attorney or CPA prior to utilizing any of the tax-related strategies mentioned or discussed. Returns and experiences will vary for each client. Each client's risk tolerance and investment objectives are unique to them. Past performance may not be indicative of future results. No assumption that future performance of any specific investment or product made reference to directly by WrapManager, Inc., on its Web site and in marketing materials, will be profitable or equal the corresponding indicated performance level(s). WrapManager is an SEC-registered investment adviser. The investment adviser representatives of WrapManager may also be registered representatives of Prospera Financial Services, Inc., a SIPC/FINRA member broker/dealer. WrapManager and Prospera are not affiliated companies.

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