by Justin Knapp | Jan 10, 2017 | Financial Articles
Key Takeaways: Your choice of beneficiary(s) for your IRA can have major tax consequences. Choose wisely with your advisor’s counsel. Leaving your IRA to an individual is a simple and flexible solution. Leaving your IRA to a trust is more complex and requires the...
by Justin Knapp | Jan 10, 2017 | Financial Articles
In early-2009, as it seemed like the financial world was teetering on the edge of collapse, I was asked by a family member what I thought about a new book by Harry Dent called The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in...
by Justin Knapp | Jan 10, 2017 | Financial Articles
For many investors, setting aside inheritance money for their heirs and loved ones is a natural part of retirement planning. But doing this successfully is not easy, and fortunes rarely last for long. In fact, long-term studies show that six out of 10 family fortunes...
by Justin Knapp | Dec 8, 2016 | Financial Articles
There’s no age limit for doing a Roth conversion, says Jeffrey Levine, chief retirement strategist for Ed Slott & Co. in Rockville Centre, N.Y. You could do one at age 90 if you like. Yet converting a traditional individual retirement account, whose tax-deferred...
by Justin Knapp | Dec 8, 2016 | Financial Articles
Getting your arms around Social Security can be pretty complicated. Misinformation, partially informed opinions, and complex benefits formulas can easily lead one down an incorrect—and costly—path. Read Full Article Here… Written/Published By: Fidelity...
by Justin Knapp | Dec 8, 2016 | Financial Articles
When it comes to taking required minimum distributions, the source matters. Many clients have more than one retirement plan or account. When they reach age 70½ and have to start taking RMDs from their own, non-inherited accounts, the question arises as to which of...
