Posts Tagged: 401K

What’s an RMD?

Piggy moneybox with dollar cash closeup
The short answer: a Required Minimum Distribution.  Do you have an IRA or 401K?  You cannot defer your taxes indefinitely.  The general rule states that, once you attain age 70.5, you must start taking taxable withdrawals from your account.  To make the discussion easy, I will speak on IRA a...
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Is That Really Your Money?

Uncle Sam
When you look at your monthly brokerage statement, you see the values and what has happened in your account over the last 30 days.  It’s pretty simple math: “You started there, you finished here, and what happened to cause the changes—dividends (increase), market gains (increase), market decl...
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Taxes & the Hidden Alpha

taxes
I am of the opinion that every wealth management firm should have someone with a strong tax background – very strong!  Like having a CPA or Masters of Science in Taxation (MST). Why is tax expertise so important?  Our client work is quite fluid and virtually every action we take has tax conse...
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