Posts Tagged: IRA

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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’Tis the Season (for Financial Planning)

holiday gift
The period between Thanksgiving and the end-of-year holiday season would seem like a sleepy time for financial planners but in fact, it is anything but!  You might be surprised at how much financial planning activity takes place on your behalf in the final month of the year. For instance?  Even...
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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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Location, Location, Location! How Asset Placement Can Save You Taxes

Taxes
Asset Placement is a popular discussion among financial planners (we’re a nerdy bunch). Asset Placement is determining what type of account (IRA, Roth IRA, trust, etc.) should hold what type of investment (bonds, US stocks, foreign stocks, real estate, etc.). If you ignore asset placement and you ...
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