This Family Spent Years Chasing the Holy Grail of a 100% Roth Retirement Portfolio
Paul and Emily Ross have a little over $2 million in their retirement accounts, and spending it down won't require a dollar in taxes.
They have reached the highest level among the growing number of savers who favor Roth individual retirement accounts and 401(k)s—and they are more than happy to tell you about it.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 hours ago
- Yahoo
New Equity Solo 401(k) Integrated Platform Simplifies DIY Retirement Investing
WESTLAKE, Ohio, June 10, 2025 /PRNewswire/ -- Equity Trust Company, a leading financial services company with over 50 years of experience in the self-directed retirement space, announces the launch of the Equity Solo 401(k)—a comprehensive retirement solution designed for self-employed individuals and solopreneurs. This new offering, facilitated by its affiliate Equity Specialty Services, empowers investors to open, manage, and control their Solo 401(k) with unmatched speed, flexibility, and confidence. Developed in collaboration with a leading industry software provider, the Equity Solo 401(k) simplifies and enhances the way self-employed individuals manage their retirement savings. From lightning-fast plan setup and IRS-compliant recordkeeping to direct fund access and real-time Roth conversions, the platform puts the plan holder in the driver's seat. "While the Solo 401(k) provides many advantages for small business owners, managing the account has largely been a burdensome process," said George Sullivan, CEO of Equity Trust Company. "The Equity Solo 401(k) empowers solopreneurs to manage their retirement investments like never before—on their terms, with the flexibility and tools they need to succeed." Built for Self-Employed Success The Equity Solo 401(k) addresses the unique needs of self-employed investors, offering advantages such as: Fast, online onboarding – Plan setup in minutes with instant IRS-approved document generation Integrated fund control – Direct access to plan funds for faster, more convenient investing State-of-the-art online management – Intuitive tools and automated recordkeeping for compliance peace of mind Expanded contribution options – Traditional, Roth, and after-tax components all in one integrated account Diverse investment capabilities – Enables investing in both traditional and alternative assets Discover how the Equity Solo 401(k) is reshaping retirement planning for solopreneurs – visit Media Contact: Jesse BrileySenior Manager, Marketing EngagementEquity Trust About Equity Trust Company Equity Trust Company is a financial services company that enables individual investors and financial professionals to diversify investment portfolios using alternative asset classes such as real estate, private equity, cryptocurrency, and precious metals. With $70 billion in assets under custody and administration as of May 31, 2025, Equity Trust supports clients nationwide with education, service, and technology to help them build wealth through self-directed investing. Equity Specialty Services, LLC ("ESS"), an affiliate of Equity Trust Company, is a services company which offers services such as acting as a Solo 401(k) solution provider, offering document preparation and referral loan services and other services to assist an investor with his/her investments. ESS has partnered with SEPira(k), a third-party platform provider, to offer investors the Equity Solo 401(k) solution to establish and manage your Solo 401(k). By combining SEPira(k)'s technology platform with ESS's customer support, investors will have the tools to manage their Solo 401(k) seamlessly. ESS does not offer investment, tax, or legal advice, and no services offered by us should be considered to replace the need for qualified investment, tax, and legal professionals. Please consult your legal or financial advisor before making any financial decisions. SS may receive or give referral fees from third-party vendors for services it offers to investors. View original content to download multimedia: SOURCE Equity Trust Company Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
a day ago
- Business Wire
Venu Holding Corporation Announces Fan-Forward Preferred Offering with 8% Dividend and NYSE Access
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Venu Holding Corporation ("VENU" or the 'Company') (NYSE American: VENU), a developer, owner, and operator of upscale live music venues and premium hospitality destinations, today launched an offering of its 8.0% convertible Preferred Stock. Accredited and non-accredited individual investors can now purchase shares of Preferred Stock and join the movement at Known for fostering new pathways for ownership in one of the fastest growing industries, this initiative offers music lovers, investors and everyone in between the opportunity for a front row seat to priority returns. VENU's Preferred Offering gives shareholders an opportunity to earn an 8.0% dividend and to convert to VENU's common stock, traded on the NYSE American under ticker symbol VENU. Share VENU's Preferred Offering gives shareholders an opportunity to earn an 8.0% dividend and to convert to VENU's common stock, traded on the NYSE American under ticker symbol VENU. As part of the fan-owned model, shareholders can also unlock access to exclusive loyalty perks based on the level of investment, ranging from free concert tickets and custom signed guitars to unforgettable all-inclusive concert experiences. "This is an exciting time for our fan-founded and fan-owned movement. I built this company with the heart of a fan and as a seasoned entrepreneur,' said J.W. Roth, Founder and CEO of VENU. 'This Preferred Stock offering strengthens our ability to expand into key markets, while delivering exceptional fan-first experiences, and drives long-term shareholder value. As a public company, we're proud to offer our community a chance to take an even more active role in the future of live entertainment." How To Invest: Those interested in purchasing shares in the offering should visit and hit the 'Invest Now' button. Investors are not required to be accredited and any individual over 18 years of age is able to purchase shares at $15.00 per share. An expanding ownership opportunity portfolio The global live entertainment market is projected to reach $79.7 billion by 2030, growing at a 16.1% CAGR (ResearchAndMarkets). VENU's fan-founded, fan-owned model was built to expand opportunities for ownership in music to the masses. Including innovative fractional ownerships in world-class amphitheaters through Luxe FireSuites with optional structured financing, triple-net lease opportunities, membership-based Aikman Clubs, FINRA-approved investment vehicles such as 1031 exchange-eligible DST funding, common stock and now Regulation A+ Preferred Stock. As consumer demand for premium live entertainment experiences surges, VENU is proud to expand ownership opportunities as it strengthens its market position, enhances revenue predictability, and reinforces its long-term growth potential. About Venu Holding Corporation Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur J.W. Roth, is a premier hospitality and live music venue developer dedicated to building luxury, experience-driven entertainment destinations. VENU's campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 9,750-seat Ford Amphitheater. Expanding with new Sunset Amphitheaters in Oklahoma and Texas, VENU's upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU's vision of redefining the live entertainment experience. Click here for company overview. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Lager, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU's website, Instagram, LinkedIn, or X. Disclaimer: VENU is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. Before making any investment, you are urged to read the Final Offering Circular carefully for a more complete understanding of the issuer and the offering. There is no guarantee of return, and you should only invest money that you can afford to lose. Use proper risk management when considering this investment. The offering documents may include 'forward-looking statements' within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions for forward-looking statements. This information is supplied from sources we believe to be reliable but we cannot guarantee accuracy. Although we believe our expectations expressed in such forward-looking statements are reasonable, we cannot assure you that they will be realized. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to the risks and uncertainties set forth in the attached materials, which could cause actual results to differ materially from the anticipated results set forth in such forward-looking statements. Any forward-looking statement made by us speaks only as of the date on which it is made, and we undertake no obligation to publicly update any forward-looking statement except as may be required by law. The securities offered by VENU are highly speculative. Investing in these securities involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Investors must understand that such investment could be illiquid for an indefinite period of time. VENU intends to apply to have our Series A Preferred Stock listed on the NYSE American under the symbol 'VENUP' following the NYSE American's certification of the Form 8-A of the Company to be filed after the final closing of this offering. The listing of the Company's Series A Preferred Stock on the NYSE American is not a condition of the Company's proceeding with this offering, and no assurance can be given that our application to list on the NYSE American will be approved or that an active trading market for our Series A Preferred Stock will develop. Our Series A Preferred Stock is not currently listed or quoted on any exchange. For additional information on VENU, the offering and any other related topics, please review the Form 1-A offering circular that can be found by searching for VENU under Filings/Company filings search on Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found in the risk factor section of the Form 1-A offering circular.
Yahoo
a day ago
- Yahoo
Retirement Contributions Hit All-Time High, Fidelity Says
Americans are taking a page from the FIRE movement's playbook. Fidelity's retirement analysis from Q1 2025 showed that more US workers may be able to achieve the group's dual goals of financial independence and retiring early. Although IRA, 401(k), and 403(b) balances were lower due to this spring's stock market swings, contribution rates increased. The report found that the combined 403(b) savings rate for employees and employers held steady at 11.8%, while the 401(k) savings rate grew to 14.3% — the highest figure ever recorded by the bank. IRA contributions rose 4.5% from last year. The findings, based on analysis of 50 million retirement accounts, have implications for how advisors should think about their clients' retirement plans. 'More people are putting more money away, which is great, but I think a lot of them are putting it in the wrong place, in a 401(k) rather than a Roth,' said CPA and retirement expert Ed Slott. While 401(k)s allow workers to contribute pre-tax income, the funds are subject to taxation when withdrawn; Roth funds are taxed beforehand. Savers who contribute to a 401(k) 'are building up a future tax bill in retirement,' he said. READ ALSO: Advisors Go Risk-On Heading Into 2H and Morgan Stanley, American Funds Earn Top Rankings From Financial Advisors The stock market volatility of last quarter dragged retirement account balances down 3% overall, Fidelity found. That impacts both retirees and Gen Zers, many of whom are just starting their careers and might take out their money too early to pay for expenses like down payments on homes or to embark on 'mini-retirements.' '[Young people] get married, they want to buy a home, and all of a sudden they don't have enough money,' Slott said, 'so they either stop their 401(k) contributions, or, even worse, take some of that money out.' Still, both older and younger generations are saving more than in the past, which is a sign of faith in the markets, said Mike Shamrell, Fidelity's VP of Workplace Thought Leadership. This might be because Gen Z has more access to financial education resources via social media, while Gen Xers, who are further along in their careers and closer to retirement, 'have seen this movie before' in previous recessions, he said. On top of that, account averages generally held steady year-over-year: IRA accounts held an average of $121,983, down 4% from last quarter and down 1% year-over-year. 401(k)s had an average of $127,100, down 3% from last quarter and up 1% year-over-year. 403(b)s had an average of $115,424, down 2% from last quarter and up 2% year-over-year. A Happy Medium? Slott thinks advisors need to help their clients strike a careful balance between saving and spending. 'For a while we had that FIRE movement, [where] you live in a cave for 10 years and then you'll have a lot of money,' he said. 'I equate that with losing weight, going on a diet. If you deprive yourself of everything, one day, you're just going to eat the refrigerator.' This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
