Insights
Financial Insights
How Should You Invest $200,000
By: Josh Slocum, McClellan Wealth Management If you have $200,000 right now, should you invest it or leave it in cash? This decision can be a big one. The team at McClellan Wealth Management provides financial planning in Birmingham, AL. We can help you...
Three Ways to Maximize Interest on Savings
By: Josh Slocum, McClellan Wealth Management When it comes to building an emergency fund or interest on savings for a large expense, it’s wise to select a near-zero-risk banking product. But traditional financial savings accounts aren’t your only option. In...
SIMPLE IRA vs. SEP IRA
By: Josh Slocum, McClellan Wealth Management You, as an employer, may plan on retiring at some age, but may not be thinking about actually saving money for retirement. Luckily, there are different investment plans that could contribute to retirement — IRA plans....
IRA 101: The Different Types, Plus Pros and Cons
By: Josh Slocum, McClellan Wealth Management IRA stands for an individual retirement account. To simplify, one contributes money, either pre- or post-tax dollars, into an IRA where the funds can be then invested for the purpose of saving for retirement. Unlike...
401(k) Basics: What You Need to Know to Understand Your 401(k)
By: Josh Slocum, McClellan Wealth Management A 401(k) retirement plan is an employer-sponsored retirement savings program that enables employees to save for their retirement by making pre-tax contributions. No matter if you’re just starting your career or have been...
