Author: Matt Bennett, CFP®
Matt Bennett, CFP®
Matt Bennett is a Managing Partner and Senior Wealth Advisor at Quotient Wealth Partners, an independent wealth management firm. With over 15 years of experience, Matt helps his clients navigate the complexities of financial planning, helping them achieve their financial goals. His clients range from corporate executives at major Fortune 500 companies, to retirees and high-net-worth investors. Matt holds an MBA from the Rawls College of Business, a Master of Science in Personal Financial Planning, and Bachelors of Science in Retailing, from Texas Tech University. Outside of work, Matt enjoys golf, attending concerts and sporting events, rocking out on the drums, and spending time with his wife, Natalie, and their two daughters.
How Roth Conversions Work Roth Conversions are a powerful tool for investors looking to manage their taxable income in retirement. If done properly, Roth Conversions allow investors to move money from a tax-deferred account (usually a Traditional IRA) to an account that grows tax-free—such as a Roth IRA. Ideally, investors will execute Roth Conversions in years that they have lower taxable income, therefore paying less in taxes to move the funds than they would potentially be required to pay at a higher tax rate. Taxes Can Increase Significantly for Surviving Spouses One of the least discussed financial pitfalls is the…
A question I’m commonly asked is, “How much cash should I really have?” What clients are really asking is how much they should hold in liquid, readily accessible funds, typically within a savings or cash equivalent account. While the answer ultimately depends on individual circumstances, there are several guiding principles that can help frame the decision. Two-Income Household (3 months of expenses) For a two-income household, the financial safety net is naturally strong. If both earners have stable jobs—particularly in different industries or roles that aren’t closely tied to the same economic risks—the likelihood of both incomes disappearing at the…