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Helping you Achieve Financial Success!

At DALA Financial, we strive to provide the best possible service to our clients. As part of that service, we want to make sure that you know and understand what services we do provide and what it costs for you to receive those services. We are an Independent Financial Services Company that utilizes a broad spectrum of Investment (including cash management), Insurance and Financial Planning solutions.

Our primary focus is on Retirement Planning as we feel that most people need help in this time of their financial life. Life situations in and through retirement, require considerable attention to help ensure clients are making the right decisions, financially.

One of the most important responsibilities we have is to ensure that we do what’s in our client’s best interest. This is a key component of the term you frequently hear today, Fiduciary. In this role, it is our duty to fit the most appropriate and cost-effective solution to each client’s situation. By understanding each client’s financial behavior, we can make recommendations that are designed specifically for them.

We truly enjoy working with our clients and consider them to be part of our family. We want to continue to grow our business and appreciate referrals of family and friends you feel would be a good fit with our company.

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EXPERIENCE YOU CAN TRUST

EXPERIENCE YOU CAN TRUST

What does it take to build your ideal retirement? The unique, comprehensive strategies and disciplined execution that put DALA Financial Services on the map.

We have only one focus: you. We'll work with you to provide personalized support every step of the way.

Saving for Retirement

This pre-retirement calculator is designed to help you assess how well you have prepared and what you can do to potentially improve your retirement outlook.

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Should You Tap Retirement Savings to Fund College?

There are three things to consider before dipping into retirement savings to pay for college.

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What Is My Current Cash Flow?

A cash flow statement can help you evaluate your personal income and expenses and see if you are operating "in the red" or "in the black" each month.

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What is My Risk Tolerance?

When investing, this risk propensity may be used to help assess your asset allocation. The following questionnaire may help determine your risk tolerance.

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WE'RE WITH YOU EVERY STEP OF THE WAY

We'll work closely with you to develop a flexible financial strategy that can adjust to your goals, no matter what.

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2025 INCOME TAX INFORMATION!

2025 401K/IRA CONTRIBUTION LIMITS UPDATE!

Please Read.....Very Important! (UPDATED 2 January 2024)

On December 23, 2022 the Federal government passed the Secure 2.0 Act, new legislation aimed at strengthening the retirement system and helping bolster Americans’ financial readiness for retirement. Some key features of the Secure 2.0 Act include increasing the age at which retirees must begin taking required minimum distributions (RMDs) from IRA and 401(k) accounts and changes to the size of catch-up contributions for older workers with workplace plans


2024 Contribution Limit Increases(UPDATED!)

  • Traditional IRA and Roth Contribution limits have increased from $6,500 to $7,000. Those who are 50 and over still have a $1,000 contribution catch-up limit(that's $8,000/yr!).
  • The basic salary deferral amount for 401(k) and similar workplace plans is now $23,000, with a $7,500 catch-up amount for those 50 or older.
  • Contributions an employer can make to an employee's SEP-IRA cannot exceed the lesser of 25% of the employee's compensation or $69,000 for 2024, an increase from $66,000 in 2023.
  • The amount individuals can contribute to their SIMPLE retirement accounts is increased to $16,000. For employees age 50 or over, a $3,500 catch-up contribution is also allowed.
  • The contribution limit for employees who participate in 401(k), 403(b), most 457 plans and the federal government's Thrift Savings Plan(TSP) will increase to $23,000. It increases to $30,500 in 2024 for those age 50 or older.
  • Additional information on 2024 changes for retirement plan contributions can be found here on theIRS website.


Notable Required Minimum Distributions(RMD's) Guidelines(UPDATED!)

  • The age at which retirement account owners must begin taking RMDs is now 73, effective starting in 2023. 
  • RMD penalty:  for those who fail to take their distributions on time are subject to a 25% penalty of the RMD amount not taken. The penalty is reduced to 10% for IRA owners if corrective action is taken in a timely manner.
  • Roth accounts held in employer retirement plans will be exempt from RMD requirements.
  • The Secure 2.0 Act will eventually increase RMD age to 75 in 2033.


Call or email us with any questions!

The DALA Financial Team...



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Taking steps to help protect your estate is a financial imperative. Luckily, we're here to help. This ebook outlines the critical elements to consider as you explore your estate strategy.