Mark Reynolds, CPA

Mark Reynolds, CPA

Senior Manager

email | 541.687.2320

Check me out on BrokerCheck Mark Reynolds is a Senior Manager and leader of our Retirement Plan Services. Mark works with small to medium size retirement plans, focusing on optimal plan design, to ensure Plan Sponsors are able to maximize benefits for both the Plan Sponsor and the participants. His team provides Third Party Administration (TPA) services and compliance for small and medium group retirement plans. He is also a leader in the Jones & Roth Large Group Employee Retirement Plan Audit Practice, where he helps oversee audit engagements for those plans in need of an annual audit, as required by the Department of Labor. Mark works with retirement plans throughout the Northwest. He joined Jones & Roth in January 2003 and is a member of the Assurance Services Management Team and Quality Control Committee.

Education

Mark Reynolds graduated from the University of Oregon with Bachelor of Science degrees in Accounting and Economics. Mark has passed the FINRA Series 7 and 66 exams, and holds his Oregon Insurance License.

Specialty Areas

Affiliations

  • The American Institute of CPAs
  • Oregon Society of CPAs
  • Eugene / Springfield Risk Management Association

Activities

Mark currently serves on the board of Eugene/Springfield Risk Management Association (RMA) board as well as the Treasurer of the Eugene Opera.

Securities offered through 1st Global Capital Corp., Member FINRA, SIPC. Investment Advisory services offered through 1st Global Advisors, Inc. Insurance services offered through 1st Global Insurance Services, Inc.  Jones & Roth has representatives licensed in Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Maine, Massachusetts, Montana, Nebraska, Nevada, North Carolina, Ohio, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming. This is not an offer to sell securities in any other state or jurisdiction.

Recent News

Jones & Roth Joins Surety Association of Oregon at Top Golf

Jones & Roth Joins Surety Association of Oregon at Top Golf

Friday September 8th, 2017 – The Construction team at Jones & Roth CPAs and Business Advisors was honered to attend the Surety Association of Oregon (SAO) sponsored Par-Tee at Top Golf in Hillsboro. Sureties, insurance agents, attorneys and accountants, met for golfing fun to hit balls assigned using microchip technology into targets.  The more accurate the shot and the farther the distance, the more points earned.  And of course drinks and appetizers only added to the entertainment.  It was a fantastic event, and a success in its mission to bring us together as professionals and get to know one another better.

SAO is a professional non-profit trade association for those engaged in the surety industry and related fields.  Quarterly luncheon meetings and activities are held, with its most popular event being the Holiday Party where they feature and bring awareness to a local charity and hold a holiday raffle.

Why You Should Boost Your 401(k) Contribution Rate Between Now and Year End

Why You Should Boost Your 401(k) Contribution Rate Between Now and Year End

One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step.

If you’re not already contributing the maximum allowed, consider increasing your contribution rate between now and year end. Because of tax-deferred compounding (tax-free in the case of Roth accounts), boosting contributions sooner rather than later can have a significant impact on the size of your nest egg at retirement.

Traditional 401(k)

A traditional 401(k) offers many benefits:

• Contributions are pretax, reducing your modified adjusted gross income (MAGI), which can also help you reduce or avoid exposure to the 3.8% net investment income tax.
• Plan assets can grow tax-deferred — meaning you pay no income tax until you take distributions.
• Your employer may match some or all of your contributions pretax.

For 2017, you can contribute up to $18,000. So if your current contribution rate will leave you short of the limit, try to increase your contribution rate through the end of the year to get as close to that limit as you can afford. Keep in mind that your paycheck will be reduced by less than the dollar amount of the contribution, because the contributions are pre-tax so income tax isn’t withheld.

If you’ll be age 50 or older by December 31, you can also make “catch-up” contributions (up to $6,000 for 2017). So if you didn’t contribute much when you were younger, this may allow you to partially make up for lost time. Even if you did make significant contributions before age 50, catch-up contributions can still be beneficial, allowing you to further leverage the power of tax-deferred compounding.

Roth 401(k)

Employers can include a Roth option in their 401(k) plans. If your plan offers this, you can designate some or all of your contribution as Roth contributions. While such contributions don’t reduce your current MAGI, qualified distributions will be tax-free.

Roth 401(k) contributions may be especially beneficial for higher-income earners, because they don’t have the option to contribute to a Roth IRA. On the other hand, if you expect your tax rate to be lower in retirement, you may be better off sticking with traditional 401(k) contributions.

Finally, keep in mind that any employer matches to Roth 401(k) contributions will be pretax and go into your traditional 401(k) account.

How much and which type

Have questions about how much to contribute or the best mix between traditional and Roth contributions? Contact us. We’d be pleased to discuss the tax and retirement-saving considerations with you.

 

© 2017

2017 OMGMA Conference Recap

2017 OMGMA Conference Recap

Thank you for joining us at the OMGMA fall conference last week. It was one of the best Healthcare conferences our team has attended, with powerful keynote speakers and sessions.  We had a tremendous turn out for our own session, presented by Brian Newton, CPA and Jeremy Prickel, CPA.

It was great to see so many of our clients and congratulations to the winner of our gift basket and our $100 Amazon gift card!

We received excellent feedback from everyone on our upcoming webinar series. We hope you are able to join us at our upcoming healthcare webinar scheduled for this Friday September 22nd.

To register: Healthcare Webinar: Top 7 Strategies for Successful Billing and Collections

We look forward to seeing you at the next conference!

Questions?

Get in touch with us.

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