We provide our clients with comprehensive financial advice and guidance to help them achieve their long-term financial goals. We strive to provide our clients with the highest quality of service and to ensure that their financial decisions are based on sound principles and strategies.
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Genesis Financial provides access to new and innovative products and services, such as automated investment advice, budgeting tools, and financial planning services. We also provide access to new technologies, such as blockchain and artificial intelligence, which can help businesses and individuals make more informed decisions about their finances.
Genesis Financial strives to provide excellent financial service by offering personalized advice and solutions tailored to our clients’ individual needs. We are committed to providing the highest level of customer service and satisfaction, and we are dedicated to helping our clients reach their financial goals.
We are a team of highly experienced financial professionals committed to providing the highest quality of service to our clients. Our team is dedicated to helping our clients achieve their financial goals through sound financial planning and investment strategies.
Genesis Financial can help you achieve success by providing you with the tools and resources to make informed decisions about your finances. We can help you create a budget, manage your investments, and plan for retirement.
Your goals are unique, so your investment guidance should be, too. Genesis Financial Consultants make time to listen to what matters most to you, while helping you create and manage an investment strategy that changes with your needs. Our straightforward investment offerings, services, tools, and support can help put you on the path toward pursuing your financial goals.
With years of experience in the financial industry, we have built
a reputation for integrity, transparency, and excellence.
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I've been using the financial services of Genesis Financial for years and I'm always impressed with their level of customer service. They are always willing to answer my questions and provide helpful advice. I highly recommend them!
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Genesis Financial has been a great asset to me. They helped me understand the complexities of investing and have given me the confidence to make the right decisions for my financial future. I highly recommend Genesis Financial to anyone looking for a financial advisor.
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I have been investing in my retirement for the past 10 years and I am so glad I chose to invest with Genesis Financial. They have provided me with excellent advice and guidance throughout the entire process.
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I've been using the financial services of Genesis Financial for a few years now and I'm very pleased with the results. They have been very helpful in helping me understand my finances and have given me great advice. Highly recommend!
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Their customer service is top-notch and they have always been available to answer any questions I have had. I have seen my retirement savings grow significantly over the years and I am confident that I am on track to reach my retirement goals.
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Retirement planning is the process of planning for one’s retirement, including saving and investing for retirement, estimating future expenses and income, and planning for other retirement-related goals. It is important to plan for retirement early in life, as it can help ensure that one has enough money to live comfortably during retirement.
An IRA (Individual Retirement Account) is a type of savings account that provides tax benefits for retirement savings in the United States. There are two main types of IRAs: Traditional and Roth. Contributions to a Traditional IRA may be tax-deductible, and the money grows tax-deferred, but withdrawals in retirement are taxed as income. Contributions to a Roth IRA are made with after-tax dollars, but qualified withdrawals in retirement are tax-free. IRAs have contribution limits and restrictions on withdrawals before age 59 1/2 to encourage long-term savings for retirement.
For tax year 2025, the total you can contribute to all your IRAs (Traditional + Roth) is $7,000, or $8,000 if you’re age 50 or older (includes the $1,000 catch-up). Income limits can affect Roth IRA eligibility and whether Traditional IRA contributions are deductible. For 2025, Roth IRA full contributions are allowed if MAGI is under $150,000 (single/HOH) or under $236,000 (married filing jointly), with phase-outs at $150,000–$165,000 and $236,000–$246,000, respectively. Traditional IRA deduction phase-outs (when covered by a workplace plan) are $79,000–$89,000 (single/HOH) and $126,000–$146,000 (MFJ for the covered spouse); if you’re not covered but your spouse is, the MFJ phase-out is $236,000–$246,000. Married filing separately phase-outs remain $0–$10,000. IRS
2026 IRA limits haven’t been announced as of August 25, 2025; the IRS typically releases next-year retirement limits in October–November. Milliman
As always, specific deductibility and Roth eligibility depend on your filing status and income—consult your tax professional for personalized advice.
It’s important to note that there are contribution limits and eligibility requirements for IRAs, so make sure to research and understand these before you start the funding process.
You can take money from an IRA at any time. If you’re under age 59½, most withdrawals are taxable and also hit with a 10% early-distribution penalty. A higher 25% penalty applies to SIMPLE IRAs if you withdraw within the first two years of participating in the plan. Exceptions can waive the penalty (but not ordinary income tax) for situations such as death, disability, unreimbursed medical expenses above 7.5% of AGI, health-insurance premiums while unemployed (IRA only), higher-education expenses (IRA only), a first-time home purchase up to $10,000 (IRA only), IRS levy, substantially equal periodic payments (72(t)), qualified disaster relief (up to $22,000), domestic-abuse distributions (lesser of $10,000 or 50% of the account), and $1,000 “emergency personal expense” distributions (with repayment/limitations). If an exception applies but your 1099-R doesn’t show it, you can claim it on Form 5329. IRS
New for this period: effective 2024, the IRS finalized guidance for the $1,000 emergency and domestic-abusepenalty exceptions noted above. Effective late 2025/2026, SECURE 2.0 §334 allows penalty-free distributions of up to $2,500 per year from retirement accounts (including IRAs) to pay premiums for certain certified long-term-care insurance (taxes may still apply); details are being implemented by Treasury/IRS. IRSGroom Law GroupThe Tax Adviser
Special Roth IRA note: your regular Roth contributions (basis) can be withdrawn anytime tax- and penalty-free. Earnings are tax-/penalty-free only when the withdrawal is a qualified distribution (the 5-year rule plus an event like age 59½, death, disability, or first-home up to $10,000). Amounts converted to Roth generally have their own 5-year clock for the 10% penalty if taken before 59½. See the IRS ordering rules in Pub. 590-B. IRS
Rules can be nuanced (plan vs. IRA differences, state tax, documentation). For specific planning and to minimize taxes/penalties, consider consulting your tax professional. IRS
It is difficult to determine the exact amount you will earn in an IRA if it grows at 7% per year for 25 years, as it depends on the starting balance and contributions made over the 25-year period. However, you can use the formula for compound interest to estimate the future value of your IRA. The formula is:
FV = PV * (1 + r/n)^(nt)
Where:
PV = the present value or starting balance of the IRA r = the annual interest rate (7%) n = the number of times the interest is compounded per year t = the number of years (25)
Note that this is just an estimate and actual results may differ due to various factors such as taxes, fees, and inflation.
To calculate the total amount you would have in an IRA after 25 years with an annual contribution of $6,500 and a 7% interest rate, you can use the formula:
A = P * (1 + r/n)^(nt)
Where: A is the end amount P is the principal amount (the amount you initially invest) r is the interest rate (expressed as a decimal) n is the number of times interest is compounded per year t is the number of years
In this case: P = 6500 * 25 = $162,500 (total contribution over 25 years) r = 0.07 n = 1 (once per year) t = 25
Plugging these values into the formula, you get:
A = $162,500 * (1 + 0.07/1)^(1 * 25) = $657,914.07
So, after 25 years of contributing $6,500 annually and with a 7% interest rate, you would have approximately $657,914.07.
The IRA Match generally would be taxable during a conversion because it’s counted as interest income for tax reporting purposes. Everyone has a different tax situation and should consult a tax advisor.
The IRA Match is treated as interest income in your IRA. We won’t deliver a 1099-INT due to the tax status of IRAs.
My financial advisor has been a great help in getting my finances in order. He has been very knowledgeable and helpful in helping me make the right decisions for my financial future. I highly recommend Genesis Financial to anyone looking for a financial advisor.