Stites Financial, LLC

Stites Financial, LLC Stites Financial, LLC is an independent financial services firm where people come first. Stites Financial LLC is an independent financial firm.

Our focus on client service and investment products seeking to help ensure you receive a personalized plan that is appropriate for you. Unlike corporate owned financial companies, our independent financial advisors exercise the freedom to identify investment products that match with your overall financial goals and investment experience. We are not bound to selling one product or service, we make

the decision based on your best interests. With over 25 years of experience, twin brothers Bob and Rick Stites, specialize in investments, estate planning, benefit plans for businesses, and charitable giving. At Stites Financial, we are committed to providing you with the personal and professional service you deserve. Our mission is the goal to help individuals, families, and businesses realize their future dreams by providing specific financial and insurance knowledge, products and services to help meet each client's goals. Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. www.finra.org and www.sipc.org. Third party posts found on this profile do not reflect the views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness. The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. For a list of states in which we are registered to do business, please visit: https://www.stitesfinancial.com

05/25/2026
What a $5 Frappuccino can teach your teen about building wealth šŸ‘‡ April is National Financial Literacy Month, and here's...
04/14/2026

What a $5 Frappuccino can teach your teen about building wealth šŸ‘‡

April is National Financial Literacy Month, and here's a number worth sharing at the dinner table.

If your teen opens a Roth IRA at 18 with $1,000 from a part-time job and adds $1,000 a year, that single account could be worth nearly $500,000 by age 65. Tax-free.

Think they can't save $1,000 a year? Skipping the daily Frappuccino more than covers it. ā˜•

But the best financial education isn't about the math. It's about real decisions with real consequences.

A few things that actually work:
āœ… Hand them cash instead of a credit card for shopping. Let them keep what they don't spend.
āœ… Give them a clothing budget for the year. If they blow it by October, that's the lesson.
āœ… Have the college money talk before they fall in love with a school. As one counselor put it, "Have the conversation before they buy the hoodie."
āœ… With the Roth IRA, you can show them that there are certain rules with certain accounts. For example, to qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59Ā½. Also, tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner's death. The original Roth IRA owner is not required to take minimum annual withdrawals.

What's one money lesson you wish someone had taught you earlier? šŸ‘‡ Please consult with a tax and finance professional before making any decisions.

Building wealth is a journey, not a race. Stay focused on long-term goals instead of chasing quick wins.
03/17/2026

Building wealth is a journey, not a race. Stay focused on long-term goals instead of chasing quick wins.

Dream Lake Houseā€¦ or Hidden Costs?Hereā€™s what owning one actually looked like over 5 years.
03/10/2026

Dream Lake Houseā€¦ or Hidden Costs?
Hereā€™s what owning one actually looked like over 5 years.

Daylight saving time is almost here! ā° Donā€™t forget to ā€œspring forwardā€ and set your clocks ahead one hour on Sunday, Ma...
03/08/2026

Daylight saving time is almost here! ā° Donā€™t forget to ā€œspring forwardā€ and set your clocks ahead one hour on Sunday, March 8.

Spring is also a great time to refresh your financial planā€”if you have questions, weā€™re here to help!

Six more weeks of winter or an early spring? ā„ļøšŸŒ· Either way, now is a great time to check in on your financial plan and ...
02/02/2026

Six more weeks of winter or an early spring? ā„ļøšŸŒ· Either way, now is a great time to check in on your financial plan and make sure itā€™s aligned with your goals for the year.

Address

4844 Jackson Road Ste 208
Ann Arbor, MI
48103

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 4pm

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