FAQs

What are the benefits of working with a 2250 Financial Advisor?

• An advisor can provide trusted, objective advice to you and your family.  We will guide you and your family through the financial decisions that impact your life.  This often involves education about various strategies, rules and products so that you can make an informed decision about financial situations. 
• 2250 Financial Advisors can look at your bigger financial picture and how various strategies impact each other to help ensure your financial plan is the most efficient path to your goals.
• Whether you are seeking a collaborative relationship with an advisor or seeking an advisor to take care of most financial things for you, we can serve you.  We’ll happily educate you along the way regardless of your financial experience and guide you through decisions and fully understanding the pros and cons of each decision.

What characteristics should I consider when interviewing an advisor?

• There are three main qualifications you should look for in your advisor: fiduciary, competence and trust.  A fiduciary is someone who is obligated to act in your best interest, without regard to their personal compensation. 
• Your advisor should be competent.  You can determine this by professional marks like CFP®, ChFC or other designations, by experience, and by referrals from friends and family. 
• You should look to hire an advisor with whom you can build trust.  There may be a time when your advisor provides advice with which you disagree; if you have trust, you’ll at least hear them out.  You can of course, still say no, but trust would allow you to be open to hearing the reasons why your advisor is recommending a certain course of action.

Is there a minimum investment requirement to work with 2250 Financial Services? 

• No, there is no minimum investment or income required to work with 2250 Financial Services.

What does it cost to work with an advisor?

• At 2250 Financial Services, our advisors are compensated through financial planning fees, and fees or commissions from products. Because these may vary based on an individual’s unique situation, we offer an initial meeting at no cost to you, to discuss your needs and to make sure you fully understand the costs.

 Are the advisors at 2250 Financial Services fiduciaries?

• Yes, we are fiduciaries when managing assets. We strongly believe and act on the idea that we will act ethically in all interactions with clients and prospects.  That ethical standard for us will always be a higher calling than any legal definition of fiduciary.

How do you make referrals to other professionals?

• We have many trusted referrals in other professions (including accountants, realtors, insurance specialists, attorneys, and more.)  that we gladly refer to our clients when appropriate.  We neither accept nor offer any compensation for these referrals.

Do you offer a free initial consultation?

• Yes, our first meeting is always free.  The purpose of this meeting is to allow you to interview us and see if we’re a good fit for you. We’re also seeking to understand your goals so we can determine how we can best serve you.  We’ll also share our process, background and the costs of working with us.

How often will we meet?

• We often meet with clients multiple times in the first year, as it takes time to create and implement a financial plan.  Once that process is complete, we strive to meet with every client at least once every year. If more meetings are required as your life changes, we will absolutely meet more than once.

What services do you provide?

• Financial planning is the backbone of our service.  A well-written financial plan provides the framework to make decisions that will help you move towards your goals.  Once the plan is complete, then we look at various strategies to help you implement the plan.  Within that planning effort, we will address a comprehensive range of services, including:
  • Retirement and income planning
  • Investment management
  • Tax-efficient wealth strategies
  • Estate and legacy planning
  • Education funding
  • Insurance and risk management
  • Integration of a business into a personal financial plan

 How do you manage investments and insurance for your clients?

• We offer multiple portfolio options for our clients that include mutual funds, ETFs, stock, bonds, etc. 
• We work with many investment and insurance product providers, and we have no proprietary products.  We will also evaluate all products to make sure you get the most cost-effective product each time (this is our Fiduciary responsibility).

How do you protect my personal information?

• We use advanced encryption and secure communication systems to protect your data. Your financial information is kept confidential and never shared without your consent.

What if I move out of state? Can we still work together?

• Absolutely. We are happy to meet out-of-state clients using video chat or phone. 

How much can I contribute to my Traditional IRA or Roth IRA? What about my 401k?

• For 2026, the combined contributions to your Traditional IRA and Roth IRA cannot exceed $7500 if you’re under 50 years old.
  • For 2026, if you’re over 50 years old your contributions cannot exceed $8600.
•  For 2026, your contributions to your pre-tax/traditional 401k and your Roth 401k cannot exceed $24,500 if you’re under 50 years old. 
  • For 2026, if you are over 50 years old, you can contribute another $8000 in Catch-up Contributions.
  • For 2026, if you are between 60 and 63, you can use the “super” catch-up and contribute up to $11,250 catch-up.
  • For 2026, if you have a 403b, the numbers are the same as the 401k.
  • If you have a plan with a 403b and 457, you can contribute the above numbers to both the 403b and the 457.
•  Your income does affect your IRA contributions. 
  • For Traditional IRAs, there is an income limit above which your contributions are no longer deductible.
  • For Roth IRAs, there is an income limit above which you can no longer contribute directly to your Roth IRA.
  • There are many nuances associated with these rules so it’s important to address these based on your individual situation.

Can I contribute to an IRA and my 401k at work?

• Yes, you can contribute to both and they both have their own unique limits.  For example, you can contribute to both your Roth IRA and Roth 401k.

Is Thrift Savings Plan (TSP) like other 401k’s?

• For all practical purposes, TSP is no different from all other 401k plans.

What are some common tax forms can I expect from my investments?

• 1099R: this form will show any IRA withdrawals, like Required Minimum Distributions (RMDs) or regular withdrawals. These are often mailed to you, or available in your client portal by the end of January each year.
• 1099 B/DIV: this form will show interest and dividends for Non-Qualified (non-retirement) accounts.  These are often available in late February or early March. These are often mailed to you, or available in your client portal.
• 5498:  This form shows your IRA contributions for the previous year.  It can also show IRA conversions and the Fair Market Value of your IRA.  These are often available in early May. These are often mailed to you, or available in your client portal.

What tax forms can I expect from my life, disability or long-term care insurance?

• Most years, you won’t receive any tax forms for insurance policies.
• If you were to cancel an insurance policy, there’s potential for a 1099 for any earnings you may have in an insurance policy that has cash value.