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.

Sign Up for E-News

͞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.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Berkeley Heights

Berkeley Heights’ Women of the Week (WoW) Series features Beth Ferris Sale

March 18, 2018

In honor of the women who are driving change, blazing trails and nurturing society, the Berkeley Heights Diversity Council is pleased to announce an exciting initiative called, Women of the Week (WoW) Series. In the spirit of community, we wanted to honor the women right here in Berkeley Heights who are impacting the world in their own way for the remaining weeks of Women’s History ...

Union County Students to 'March for Our Lives' Saturday in Union

March 19, 2018

UNION, NJ – Students from all over Union County will be walking from Burnet Middle School to Town Hall on Saturday morning, March 24, in an anti-gun violence march.

Led by steering committee chairman Colin Sumner, the march, which has the support of Senator Joseph Cryan, Moms Demand Action, Union County Chapter, and the Union County Freeholders, is not aimed at taking away guns, but ...

2018 Gov. Livingston Highlander Softball Clinic Set for March 19

Come join and learn from the 2017 Union County Softball Champion Gov. Livingston coaches and varsity players on Monday, March 19, 2018 from 6:30 to 8 p.m.

Activities will include the following fastpitch softball skills:

Batting Techniques
Throwing Mechanics
Base Running

Who: Children grades 1-7 of any skill level or ability

Where: Gov. Livingston High School, 175 ...

Mount Carmel Breakfast with the Easter Bunny, Sunday, March 25

BERKELEY HEIGHTS, NJ - Mount Carmel Society is hosting a Breakfast with the Easter Bunny on Sunday, March 25 from 8 a.m. to 1 p.m. at 56 River Road in Berkeley Heights with an Easter Egg Hunt at 11 a.m. (weather permitting).

The all you can eat buffet includes pancakes, eggs, bacon, sausage, bagels, donuts and muffins and a cash bar will serve Mimosas and Bloody ...

Register for Breakfast with the Easter Bunny at Mt. Carmel Hall in Berkeley Heights

BERKELEY HEIGHTS, NJ - Come out and enjoy Breakfast Buffet with the Easter Bunny on Sunday, March 25 from 8 a.m. to 1 p.m. at Mt. Carmel Hall at 56 River Road in Berkeley Heights.

Children can have their picture taken with the Easter Bunny and receive a special gift from the Easter Bunny.

The buffet includes all you can eat pancakes, eggs, bacon, sausage, donuts, muffins, coffee, ...

NPHS Student's Response to After School Walk-out Plan at NPHS

March 14, 2018

A group of students file into a science classroom amid a nervous din of chatter, the air is electric with excitement and nervousness. This small group of approximately 30 students are a studious bunch, largely members of the sophomore class with squeaky clean administrative histories. They are currently preparing to defy authority and stand up for what they believe in, even though they had been ...

New Providence's Allen W. Roberts School Gets Security Walk Through by Police Department after Bomb Threat

March 12, 2018

NEW PROVIDENCE, NJ - The New Providence Police Department sent a letter to parents and guardians of students at Allen W. Roberts Elementary School after a non-specific bomb threat was reported on Monday afternoon.

It's the second threat  reported at a New Providence school in March. The first threat was reported on March 5th at New Providence High School.

Emergency ...

Avon Loses Its Last ‘Grand’ Hotel to the Claw of an Excavator

March 17, 2018

AVON-BY-THE-SEA, NJ — In less than two days, an Avon-by-the-Sea landmark that stood for 130 years was reduced to a huge pile of rubble. The Norwood Inn no longer stands on the corner of Norwood and Second Avenues — the last of the stately hotels that once graced the streets of Avon.

As onlookers gathered around the demolition site on March 15 and March 16, an excavator clawed its ...

Upcoming Events

Mon, March 19, 7:00 PM

Cranford Community Center, Cranford

Agents of Change: Women in NJ History



Mon, March 19, 7:30 PM

Columbia Middle School Multi-purpose Room, Berkeley Heights

Berkeley Heights Board of Education: Monday's ...


Tue, March 20, 7:30 PM

Mountain Park School, Berkeley Heights

Boy Scout Open House - Troop 368

Education Giving Back

Wed, March 21, 7:00 PM

Summit Free Public Library, Summit

increase your networking and interviewing iq

Business & Finance Other

Thu, March 22, 7:00 PM

Summit Free Public Library, Summit

The Long march home: An American Soldier's Life ...

Education Other

JCP&L Representative Describes Utility’s Actions During Storm Quinn, Answers Residents' Questions

BERKELEY HEIGHTS, NJ – The format of this week’s  Berkeley Heights 'Here and Now' was turned on its head this week. Mayor Bob Woodruff reviewed what happened in the township following Storm Quinn and its predecessor Storm Riley, complete with statistics. He then asked a representative of JCP&L questions about the utility’s response, and how it was ...

Berkeley Heights, Here and Now: Redevelopment Updates

BERKELEY HEIGHTS, NJ - The Mayor's Round Table has been rebranded to "Berkeley Heights, Here and Now." This new format will continue to provide updates from Mayor Bob Woodruff, municipal offices and the Communications Committee want to hear from citizens, businesses and community organizations.

Included in this episode, Mayor Bob Woodruff addresses the status of the ...

You Want a Check for How Much!

 My first admissions gig was working for a small liberal arts college with a pretty hefty price tag.  Picture me at a college fair: name tag in place, pile of brochures ready to go.  An eager family would walk up and we’d start a conversation.  One of the first questions I’d get from parents was about cost and the moment that $50,000-plus figure left my mouth I ...

Now That The Dust Has Settled…Smart Tax Moves In 2018

Now that the dust has settled, here are some smart tax moves to lower your taxes and/or avoid higher taxes/penalties in 2018. These steps may be especially helpful if you live in high property and high income tax states (e.g. New Jersey, New York, California) since state and local tax deductions are capped.  Unfortunately all these changes mean you’ll need more time and energy to ...