Saving for Retirement

It’s never too early, or too late, to start saving for retirement. Whether you have already started saving or not, you may wonder what options are available to you. Two popular retirement savings vehicles are the traditional IRA and Roth IRA. It’s important to work with your financial advisor to understand which option is best for you and your circumstances, but, like most things related to investing and retirement, it’s always important to start your retirement program as early as possible. Starting early and sticking with a plan is one of the key determinants of providing for your future.

We have detailed some key features of traditional IRAs and Roth IRAs below to help you get started:

For more information, visit the IRS website employee/retirement-topics-ira-contribution-limits.

Consult your Southwestern Investment Group advisor today for a more detailed overview of income and contribution limits, depending on your filing status.

Tax considerations

The main difference between a traditional and a Roth IRA is the taxation. A key consideration is whether you are likely to be in a higher tax bracket now versus when you are retired. If you think you will be in a higher tax bracket now, then deferring your taxes until later may be preferable. If, however, you expect to be in a higher tax bracket later, you may lean toward a Roth IRA and the benefit of tax-free withdrawals in your retirement years.

At Southwestern Investment Group, we are committed to helping our clients plan for retirement. Regardless of what vehicle you choose, the earlier you start saving, the more you will benefit down the road. Contact your advisor today to determine which retirement savings strategy is best for you.

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Jeffrey T. Dobyns


President, SageSpring | Financial Advisor, RJFS 

Jeffrey T. Dobyns

President, SageSpring | Financial Advisor, RJFS

Beyond crunching numbers and investment strategies, at SageSpring, we’re about building relationships. When you encounter Founder & President of SageSpring, Jeff Dobyns, it’s easy to understand why this is at the very heart of who we are as a firm. You won’t find stuffy formalities with Jeff; instead, you can expect to find him sharing a warm smile, communicating a compelling vision, or patiently untangling life’s complex challenges with clients. He believes in truly getting to know clients, understanding their aspirations and priorities, and navigating their financial plans with a tailored, comprehensive approach. Our team members have often been caught taking notes on Jeff’s effortless relationship skills from a distance, and we admire them for striving to learn from one of the best. 

Jeff’s financial expertise and wisdom are the perfect match to his innate people skills. Jeff holds the prestigious CERTIFIED FINANCIAL PLANNERTM certification, Chartered Life Underwriter (CLU®), and Chartered Financial Consultant (ChLU®) designations, and has held executive positions with financial planning firms for more than two decades. 

His dedication extends beyond the office to the boardroom and the local community, where Jeff is passionate about giving back. He serves as Chairman of the Board of Men of Valor, a prison ministry and mentoring program. Jeff also serves on the board of Send Musicians to Prison, which shares hope, healing and restoration with the imprisoned through musicians & artists. Jeff actively supports other initiatives in the community by sitting on the board of The Signatry of Middle Tennessee and the Halftime Institute of Nashville. 

Witnessing his four children, Gracyn, Hunter, Tanner, and Logan, excel on the field is almost just as rewarding, if not more, than celebrating the victories of seeing his clients overcome obstacles and build wealth. Spending weekends boating on the lake, hiking mountain trails, and fishing with his family are the moments Jeff cherishes most. It’s this grounded perspective that reveals the true meaning of wealth for Jeff: not just numbers on a page, but the freedom to create experiences that enrich your life and the lives of those you love. When you choose the Dobyns McMillin Wealth Team, you choose more than financial expertise. You choose a partner who champions your dreams, celebrates your victories, and walks besides you on the path to achieving your unique goals.

**Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER TM, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.