Before It's Too Late

As a financial advisor, I am sometimes one of the first to know when a client starts to experience mild cognitive impairment.

What Dow 20,000 Means

Not much. For the media it means headlines and talking points. For traders and speculators, it may be an excuse to make some trade based on expected short-term outcomes. For investors, it means nothing except for its potential to distract you from what really matters.

Calculating Your RMD in 5 Easy Steps

What is an RMD (required minimum distribution)?
An RMD is the minimum amount that must be withdrawn from a retirement account each year.

Avoiding Spousal Beneficiary Mistakes in 5 Easy Steps

Who is A Spousal Beneficiary?

A spousal beneficiary must be married to the account owner at the time of the account owner’s death and he or she must be named on the beneficiary form (or inherit directly through the document default provisions). A spousal beneficiary has a number of unique options.

Avoiding the 10% Penalty in 5 Easy Steps

What is the 10% penalty?

Using a Tax Refund to Fund an IRA in 5 Easy Steps

What does the basic process entail?

An income tax refund can be directly deposited to an IRA up to the annual contribution limit. The contribution limit is $5,500 ($6,500 for individuals age 50 or older) for 2017. It can also be split among multiple accounts.

It is tax time! Prepare your tax return for the year.

Determining Tax on Roth Distribution in 5 Easy Steps

What are the ordering rules?

Recharacterizing a Roth Conversion in 5 Easy Steps

What is a Roth IRA recharacterization?

In the simplest of terms, a Roth IRA recharacterization is an “undo.” It erases a Roth IRA conversion, and the conversion is treated as if it never occurred.

Avoiding 60-Day Rollover Mistakes in 5 Easy Steps

What is a 60-day rollover?

A 60-day rollover is the distribution of funds from a qualifying retirement account,payable to the account owner who then has 60 days to redeposit the funds into another qualifying retirement account.

The Financial Implications of Aging

Johns Hopkins University has developed materials to assist in planning to "age with dignity." Some of the areas covered are; "Is your home safe?", "What do you need as you age?", "What are your housing options?" "What is right for me?"

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