Mike Clifford

Mike Clifford is an IRA consultant at Commonwealth Financial Network®, member FINRA/SIPC, an independent broker/dealer–RIA. With the firm since April 2010, he assists affiliated advisors and home office staff on a variety of retirement-related topics, ranging from traditional IRAs, Roth IRAs, and SEP/SIMPLE IRAs to distributions, beneficiary options, portability, and the like. He stays abreast of trends and developments affecting retirement accounts, including IRS laws and regulations, as well as industry news. Mike graduated from the University of Massachusetts at Lowell with a BS in business management, with a concentration in marketing and management.

Information about securities-registered professionals may be found at FINRA BROKERCHECK.

Recent Posts

How to Avoid Common Roth IRA Pitfalls

Finding the Right SIMPLE IRA Plan for Your Clients

How to Avoid Common Roth IRA Pitfalls

Posted by Mike Clifford

January 23, 2018 at 10:00 AM

As a financial advisor, you know the Roth IRA provides a number of benefits to clients saving for retirement, including tax-free growth, no required minimum distributions for those age 70½ and older, and the option to continue contributions beyond the age of 70½ (if income is still being earned). But in order for your clients to reap these benefits, it’s essential that you maintain an understanding of the rules of Roth IRA contributions, as there are a number of penalties your clients could face if their accounts are not carefully monitored. Below, I will discuss two common Roth IRA pitfalls, as well as how best to avoid them.

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Topics: Retirement Consulting

Finding the Right SIMPLE IRA Plan for Your Clients

Posted by Mike Clifford

February 28, 2017 at 10:00 AM

If you’re in the retirement plan space, here’s a scenario you might be familiar with: After careful consideration, your clients—small business owners—decide that the traditional IRA they’ve been using no longer meets the retirement goals of their employees. They are looking to establish a more significant retirement plan and call you to learn what options are available. After meeting, together you determine that a SIMPLE IRA plan is the ideal choice in terms of cost and maintenance. But now comes the hard part: finding the right SIMPLE IRA plan for your clients.

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Topics: Retirement Consulting

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