The Seaside Blog

We love the Roth IRA—and most of our clients do too. What’s not to love about tax-free growth and tax-free withdrawals in retirement? But there’s one important detail that trips people up far too often: the 5-year rule. If misunderstood, the 5-year rule can lead to unexpected taxes and penalties, even when you thought your Roth withdrawal would be tax-free. Let’s break it down simply—because when you understand how the 5-year rule works, you can use it to your advantage and protect more of your hard-earned savings.

For years, 529 plans were known as a smart way to save for college expenses. They offered tax-free growth and withdrawals when used for qualified higher education costs, making them a go-to for many families looking to plan ahead for tuition. But recent legislative changes have broadened the scope of how these plans can be used—making them even more versatile. At Seaside, we’ve been keeping a close eye on how these updates could open new planning opportunities. Whether you’re currently using a 529 or considering starting one, here’s what you need to know.

If you’re approaching or already in retirement, you’ve probably spent decades saving and investing. But here’s something that often catches retirees off guard: how much they’ll owe in taxes. Without careful planning, withdrawals from retirement accounts, Social Security benefits, and pension income can combine to create an unexpected tax bill and even impact your healthcare premiums. Learn how a proactive approach to tax planning can help you protect more of your retirement income and avoid common tax pitfalls.

Dividend investing is a popular way to generate income and build long-term wealth, but if you’re not careful, you could be giving a big chunk of that income to Uncle Sam. In this article, we’ll walk through a real client case study and unpack the key strategies you can use to reduce taxes on dividends, optimize your portfolio, and keep more of your income working for you.

As the financial landscape continues to evolve, staying ahead of common money mistakes is so important to maintaining financial stability. In 2025, several pitfalls could impact your financial health if you’re not careful. Here are five money traps to avoid and practical strategies to navigate them effectively.

At Seaside Wealth Management, we understand that one of the greatest fears facing retirees is the possibility of outliving their savings. Ensuring that your money lasts throughout your retirement requires careful planning and consideration of numerous factors. Today, we’ll share key strategies to help you achieve financial security and peace of mind in your golden years. From understanding longevity and managing living expenses to making smart investment choices and timing your Social Security benefits, we’ve got you covered!