Business & Finance

Guest Column

Local Advisor Celebrates the 20th Anniversary of the Roth IRA


BASKING RIDGE, NJ - 2018 marks the 20th anniversary of the Roth IRA. First made available to American investors in 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, Walter Pardo, CEO/Certified Wealth Strategist at Wealth Financial Partners, 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 Pardo.

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͞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 expert 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.

Pardo is a member of Ed Slott's Elite IRA Advisor Group℠, 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 Group SM attend semiannual live training events and have year-round access to Ed Slott and Company's team of retirement experts 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 specialized training in the "second half" of the retirement game, the distribution phase.

As a member of Ed Slott's Elite IRA Advisor Group SM, 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 Pardo.

Over the last 20 years, a lot has changed for Roth IRAs, said Slott.

With ever-changing laws, including Congress's recent decision to eliminate Roth re-characterizations, it is more important than ever for financial professionals to receive ongoing training. I commend Pardo for prioritizing his education and taking the necessary steps to understand the intricacies of retirement accounts and the tax laws that impact them.


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 Group SM 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 for more information.


WFP uses a comprehensive process to help our clients address each of their five key concerns: making smart decisions about their money, mitigating their taxes, taking care of their heirs, making sure their assets are not unjustly taken and magnifying their charitable gifts. None of these areas of concern stands in isolation from the rest. To be most effective, we need to deal with each area systematically while maintaining an integrated approach to your overall financial picture. We call this wealth management.

Registered Representative offering securities and advisory services through Independent Financial Group, LLC (IFG), a registered broker-dealer and investment advisor. Member FINRA/SIPC. Wealth Financial Partners, LLC and IFG are unaffiliated entities. OSJ: 12671 High Bluff Dr. Suite 200 San Diego, CA 92130.

Wealth Financial Partners offices are located at 22 Church Street in the historic Liberty Corner district of Basking Ridge. Call 877-714-2362 to make an appointment.

The opinions expressed herein are the writer's alone, and do not reflect the opinions of or anyone who works for is not responsible for the accuracy of any of the information supplied by the writer. Click here to submit a Guest Column.

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