In The News
As a financial advisor specializing in retirement planning for over 23 years, Michael has been quoted in various retirement publications. Links to those articles are listed below.
“As it stands, and as you may already know, you are currently already in good financial shape to both be retired and pursue your goals, said Michael Peterson, a certified financial planner and founder of Faithful Steward Wealth Advisors.”
"The average investor might not become a billionaire with their Roth IRA,” but Michael Peterson of Faithful Steward Wealth Advisors in Chambersburg, Pa. said there are “some very practical steps that can be taken to maximize the tax-free nature.”
Complicating the matter even more is the fact that taxation of Social Security benefits and/or triggering the income-related monthly adjusted amount (IRMAA) could require participants to pay higher Medicare premiums in future years, said Michael Peterson, a certified financial planner with Faithful Steward Wealth Advisors. “So, determining the advisability of an in-plan Roth conversion requires more than just an analysis of tax brackets.”
The Street - An In-Plan Roth Conversion Can Help Manage Taxes on Your Nest Egg - June 23, 2021