FAQs

Individual Wealth Management Questions:

1. What is the difference between a Roth IRA and a Traditional IRA?

A: A Traditional IRA allows tax-deductible contributions (subject to income limits), with withdrawals taxed in retirement. A Roth IRA uses after-tax contributions, offering tax-free withdrawals in retirement, depending on your tax situation and retirement timeline.

2. How much should I save for retirement?

A: We recommend saving 10–20% of your gross income, but this varies based on your age, desired lifestyle, and other income sources. We’ll work with you to create a personalized retirement savings plan.

3. What is the role of a financial advisor at DiMatteo Group?

A: Our advisors help you create and manage financial goals through personalized advice on investments, retirement, taxes, estate planning, and wealth management.

4. Are you a fiduciary for individual clients?

A: Yes, we act as fiduciary asset managers, legally and ethically bound to prioritize your best interests in all financial recommendations.

5. How do you structure your fees?

401(k) Services Questions:

1. What is a 401(k) plan, and how does it work?

A: A 401(k) is an employer-sponsored retirement plan allowing employees to save pre-tax income, with potential employer matching contributions, to build retirement savings.

2. Why should my business offer a 401(k) plan?

A: Offering a 401(k) attracts and retains talent, provides tax benefits for your business, and supports employees’ long-term financial wellness.

3. What services do you provide as a 401(k) plan advisor?

A: We offer plan design, investment selection, fiduciary support, employee education, compliance oversight, and coordination with recordkeepers and administrators.

4. What does it mean to be a fiduciary for a 401(k) plan?

A: As a fiduciary, we’re legally obligated to act in the best interest of plan participants, offering 3(21) co-fiduciary or 3(38) investment manager services to reduce your liability.

5. How much can employees contribute to a 401(k) in 2026?

A: Employees can contribute up to $24,500 in 2026, with an additional $8,000 catch-up for those between 50–59 or older than 63, and an additional $11,250 super catch-up contribution for employees between 60–63.

6. Can you customize a 401(k) plan for my company?

Investment Questions:

1. What factors should I consider before I start investing?

A: Before investing, it’s important to define your goals, understand your time horizon, and assess your comfort with risk. These factors help determine the right mix of investments and strategies tailored to your financial objectives.

2. What is the difference between saving and investing?

A: Saving focuses on safety and accessibility, typically earning modest interest, while investing seeks higher potential returns through market growth, though it carries more risk. A balanced plan usually includes both.

3. How does my time horizon affect my investment strategy?

A: The longer your time horizon, the more growth-oriented your portfolio can be, since you have time to ride out market fluctuations. Shorter-term goals often call for more conservative investments to help preserve capital.

Diversification does not assure a profit or protect against loss in declining markets, and diversification cannot guarantee that any objective or goal will be achieved.4. What does diversification mean, and why is it important?

Have a Question?

Thank you!
Oops!