Alex Canitano Quoted in ComparisonAdviser

Unsure how to allocate your income? From building an emergency fund to contributing to retirement accounts, a smart investing order of operations can help maximize the value of your money. Associate Wealth Manager Alex Canitano was recently featured in a ComparisonAdviser article, where he shared his thoughts on the investing order of operations and steps clients should take after they receive income. “Since Roth IRA contributions are made with after-tax dollars, these contributions do not reduce taxable income, which does happen with pre-tax 401(k) contributions,” he said. “For this reason, it makes sense to make Roth IRA contributions until you reach a point where you have exceeded the income phaseout, then prioritize 401(k) contributions.” Click here for the full article.