When someone is looking at lending options, occasionally their 401(k) is one of them. Why wouldn’t you take a loan from your 401(k); you’re technically paying yourself interest, right? Unfortunately, it’s not that straightforward. In most cases, an investors can distribute money from their 401(k) as a loan. The loan value can be up to… Continue reading 401(k) Loans – Are You Really Paying Yourself Interest?
Many people own a trust as part of their estate plan. Prior to 2020, it was common to have the beneficiary of an IRA be a trust. A See-Through Trust allows individuals to pass IRAs, via a trust, to their trust beneficiaries. There are several reasons to name a trust as the beneficiary of an… Continue reading How the SECURE Act Could be Detrimental to Your Beneficiaries
Hindsight is a powerful tool to add clarity to past decisions. Hindsight can also prepare us for similar situations in the future. Given the current state of our markets and the economy, we don’t know if we’re in the clear just yet. Even though we don’t know what the future holds, we can use what… Continue reading A Case For More Cash?
I’ve had friends, family, and clients inquire about buying specific companies and sectors after the massive drawdowns due to COVID-19. The theme seems to be airlines, cruise lines, and casinos. Three of the biggest airlines are down between 50 and 60 percent YTD. The three largest cruise lines are down between 65 and 80 percent.… Continue reading Is it Time to Buy Airlines, Cruise Lines, and Casinos?
Whether it’s water cooler talk, on the golf course, or between friends and family, you’ve probably had a conversation about your portfolio performance. From what I’ve witnessed, it’s either a chest out, head held high ‘I had an X percent return last year, how’d you do?’ or a less enthusiastic ‘I was down X percent… Continue reading Are Big Returns Really That Important
The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 is releasing a whopping $2 trillion in government aid. Since there are countless resources outlining the details of the new Act, my goal is not to recreate the wheel, but to provide insight on actions you should consider as you navigate the provisions specific… Continue reading Insight On The CARES Act
Any time there is market volatility or economic uncertainty, investor fear starts to rise. It seems no matter where you look, a news outlet is telling you "it’s the worst day since X,” or "we’re witnessing the largest weekly drop since Y.” The problem is, while these outlets are creating fear and/or concern, they generally… Continue reading What You Should Do When Markets Are Volatile
If you unfamiliar with the financial term Tax Cost Ratio (TCR,) you aren’t alone. TCR refers to the amount a fund’s annualized return is reduced by taxes because of distributions (including stock and bond dividends and capital gains distributions). If a fund has a one-year tax cost ratio 0.9%, it means an investor’s returns were… Continue reading It’s Not About What You Make, It’s About What You Keep
As laws change and the tax codes are updated, I’m always looking for planning opportunities for our clients. The most recent opportunity will impact only a small subset of our clients, but can save a family approximately $8,000 per college student. This strategy revolves around college planning and specifically focuses on college tuition funding, 529… Continue reading Fully Funded 529? How to Get $8,000 in Tax Credits
What is a Required Minimum Distribution A Required Minimum Distribution (RMD) is the IRS mandated money that must be withdrawn from tax-deferred accounts (SEP, SIMPLE, IRAs, and qualified plans) beginning at age 72 (or 70.5 if the account owner turned that age before Dec. 31, 2019). RMDs act as a safeguard against individuals using retirement… Continue reading Understanding Required Minimum Distributions