Joshua Thomas's blog

Does a million dollars seem like a lot of money? Do you ever wonder what you would do if you had a million dollars? Are you worth a million dollars? While I can’t answer the first two questions, I might be able to answer the third. No, it’s not about how much money you have, or necessarily about how much you earn.

After the holiday celebrations are over, it’s time to refocus on goals for the coming year. And while resolutions to lose weight, exercise more or give up caffeine are all worthwhile, it’s the financial resolutions that you make and keep this year that can really make a difference come retirement time. Here are six worth implementing:

How to help wipe out worry, nurture your net worth and finance your future

There are many vehicles used for retirement planning. One of the most common is the traditional IRA (individual retirement account). Contributions to IRAs are often tax deductible and distributions are often taxable as income. Another type of IRA is the Roth IRA in which contributions are made after tax and distributions can be tax-free. Tax-free withdrawals can be attractive which often prompts the question - can a traditional IRA be converted to a Roth IRA?

The answer is yes, provided you meet the eligibility requirements below and understand how it works.

Getting your financial house in order takes more than just writing down a list of resolutions. It takes discipline and planning. But having clearly identified goals and taking consistent steps towards them will help you make great strides toward having a financially happy life. If you would like further assistance in obtaining your goals please feel welcome to contact me.

Thank you

Joshua Thomas
Financial Services Associate
Prudential Financial
310-414-4111 ext 7203
joshua.thomas@prudential.com