Ed Slott is one of the best tax experts in the country. He has said many times that an “IRA is an IOU to the IRS.” Simply stated, your large 401k accounts and Personal IRA’s have 3 huge TAX problems for individuals, families, and the next generation as well. The 3 Tax problems heading your […]
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The cryptocurrency market in 2025 is at a pivotal moment. With record highs, mainstream adoption, and a surge in institutional interest, many investors are asking: Is it too late to get in? The answer, backed by current trends and expert analysis, is a clear no. Here’s why now is the time to consider investing in […]
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A crucial decision arises for anyone who works past age 65 and wishes to continue contributing to an HSA. Congrats! You are turning 65 and received a letter from Medicare WARNING you about lifetime penalties if you DON’T sign up for Medicare. However, since we are living longer, some are working past 65 because they […]
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Can you move a 529 plan to Roth IRA? Yes, you can! Congress included a provision in SECURE 2.0 that allows for rollovers of unused 529 funds to Roth IRAs. Under the old tax rules, if funds in a section 529 plan are not used for education, the earnings are taxable and subject to a […]
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Tax-savvy withdrawals in retirement are often overlooked or ignored by investors. That’s bad news when the Required Minimum Distribution (RMD) comes along! Also, the Widow’s Penalty is overlooked as well. To explain this in simpler verbiage, the widow’s penalty is when a surviving spouse ends up paying more taxes on less income after the death […]
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High income earners may face limitations when contributing to a Roth IRA due to income restrictions. However, there are several strategies they can employ to maximize the benefits of a Roth IRA or find alternative ways to achieve tax-efficient retirement savings. Keep in mind that tax laws may change, so it’s essential to consult with […]
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As the year draws to a close, individuals and businesses alike are turning their attention to year-end tax planning. The landscape of tax laws and regulations is constantly evolving, and staying informed is crucial for optimizing financial strategies. In 2026, several key considerations and opportunities emerge for individuals and businesses to make informed decisions that […]
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Traditionally, the main concerns pre-retirees have are The 3 Tax problems heading your way are the Required Minimum Distribution (RMD), the Widow’s Penalty, and the Inherited IRA. However, according to a recent survey by HSBC, “Retirement Reinvented”, the average response….It’s Inflation. Yes, inflation tops retirement concerns here in the US. Planning for retirement has […]
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I’ve heard that investors would rather have a root canal with ZERO Novocain versus speaking to an advisor about Life Insurance. So, here is a great educational video on Tips for Reviewing Your Life Insurance Policy. Click on Image. If you need guidance about your own life insurance policies or want a second opinion please […]
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Do you have a 401k account from a former employer, kind of invested, you think, and still being charged FEES? Yes, your old 401k account is not free and you’re being charged fees. So, the question is…. If you would like a no obligation, second opinion on your old 401k account, schedule a strategy session […]
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